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Karnataka Money-lenders Act, 1961 Complete Act - Bare Act

StateKarnataka Government
Year
Act Info:
Preamble 1 - KARNATAKA MONEY-LENDERS ACT, 1961
Section 1 - Short title, extent and commencement
Section 2 - Definitions
Section 3 - Appointment of Registrar General, Registrars and Assistant Registrars
Section 4 - Register of money-lenders
Section 5 - Money-lenders to obtain licence
Section 6 - Application for licence
Section 7 - Grant of licence and entry in register
Section 7A - Conditions of licence
Section 7B - Forfeiture of security
Section 8 - Refusal of issue of licence
Section 9 - Registrar's power to cancel licences
Section 9A - Repayment of Security Deposit
Section 10 - Term of licence
Section 11 - [OMMITED] suits by money-lenders not holding licence
Section 12 - OMMITED
Section 13 - Application for cancellation of licence
Section 14 - Registrar and Assistant Registrar to have powers of Civil Court
Section 15 - Power of authorised officer to require production of records or documents and power of entry, inspection and seizure
Section 16 - Court's power to cancel or suspend a licence
Section 17 - No compensation for suspension or cancellation of licence
Section 18 - Persons debarred from doing business during period of suspension or cancellation of licence
Section 19 - Person whose licence is suspended or cancelled not to apply without giving particulars of endorsement or of disqualification
Section 20 - Duty of money-lender to keep accounts and furnish copies
Section 21 - Delivery of statement of accounts and copies thereof by money-lender
Section 22 - Fees for certain statements supplied to debtors and Assistant Registrars
Section 23 - Debtors not bound to admit correctness of accounts
Section 24 - Procedure of court in suits regarding loans
Section 25 - Provisions of certain sections not to apply to loans made by company or unincorporated body exempted by Government
Section 26 - Power of Court to limit interest recoverable in certain cases
Section 27 - Power of Court to direct payment of decretal amount by instalments
Section 28 - Limitation on rates of interest
Section 29 - Prohibition of charge for expenses on loans by money-lenders
Section 30 - Notice and information to be given on assignment of loan
Section 31 - Application of Act as respects assignees
Section 32 - Reopening of transactions
Section 33 - Inquiry for taking accounts and declaring the amount due
Section 34 - Deposit in Court of money due to money-lender
Section 35 - When interest to be paid for entire month
Section 36 - Money-lenders to exhibit their names over shops
Section 37 - Entry of wrong sum in bond, etc., to be an offence
Section 38 - Penalty for molestation
Section 39 - General provision regarding penalties
Section 40 - Offences by Hindu Joint Family, Corporation, etc
Section 41 - Certain offences to be cognizable
Section 42 - Every officer to be public servant
Section 43 - Saving of laws relating to agriculturists' indebtedness
Section 44 - Rules
Section 45 - Repeal and savings


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