Section 11. Exemptions.

Nothing contained in this Act shall apply to- (a) any transfer of land as security for any loan granted by any banking company, co-operative society or other credit institution which the Government of Meghalaya may, by notification, specify in this behalf; Provided that a banking, company, co-operative society or other credit institution as notified above by the Government of Meghalaya shall not transfer any land to a non-tribal except with the previous sanction of the competent authority as provided in section 3; (b) the letting out on rent of any building standing on land; (c) any transfer of land to, or in favour of, Government or District Council.