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The KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025 Section 5
Title: Lending Norms
State: Karnataka
Year: 2025
six months or with fine which may extend to Ten Thousand rupees or with both. 8. Penalty for coercive actions against Micro Finance Institutions (MFI).- Micro Finance Institution (MFI) or Money Lending Agencies or Organization or Lender
View Complete Act List Judgments citing this sectionThe KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025 Section 2
Title: Definitions
State: Karnataka
Year: 2025
conditions that the money shall be repaid within a certain period of time. (b) "Coercive Action" means the Coercive Action as explained in section 8. (c) "Interest" for the purposes of the terms defined under the provisions
View Complete Act List Judgments citing this sectionThe KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025 Section 14
Title: Every officer to be public servant
State: Karnataka
Year: 2025
section 2 of the Bharatiya Nyaya Sanhita, 2023 (Central Act 45 of 2023). 15. Relief to borrower from coercive action by the unlicensed and unregistered Micro finance institutions or Money Lending Agencies or Organizations or Lender.- Notwithstanding
View Complete Act List Judgments citing this sectionBrief the judgments behind these acts
The KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025 Section 19
Title: Repeal and savings
State: Karnataka
Year: 2025
1) The Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025 (Karnataka Ordinance No. 02 of 2025) is hereby repealed. (2) Notwithstanding such repeal, anything done
View Complete Act List Judgments citing this sectionThe KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025 Section 1
Title: Short title, commencement and application
State: Karnataka
Year: 2025
1) This Act may be called the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Act, 2025. (2) It shall deemed to have come into force with effect from 12th day February,
View Complete Act List Judgments citing this sectionThe KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025 Section 4
Title: Power to cancel or suspend Registration
State: Karnataka
Year: 2025
1) The Registering Authority may, at any time, either suo-motu or upon receipt of complaint by a borrower cancel or recommend to cancel the registration of a Micro Finance Institution or Money Lending Agencies or Organizations...
View Complete Act List Judgments citing this sectionThe KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025 Section 10
Title: Complaints
State: Karnataka
Year: 2025
A complaint can be filed regarding violation of the provision of this Act by a Micro Finance Institution (MFI) or Money Lending Agencies or Organization or Lender before the concerned/ jurisdictional police station and the concerned...
View Complete Act List Judgments citing this sectionThe KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025 Section 11
Title: Appointment of an Ombudsperson
State: Karnataka
Year: 2025
The Government may by notification, appoint an Ombudsperson who can act as mediator between the borrower or lender, for settling the disputes.
View Complete Act List Judgments citing this sectionThe KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025 Section 12
Title: Grievances redressal forum
State: Karnataka
Year: 2025
The Government shall establish suitable grievance mechanism. The procedure and guidelines for grievance mechanism shall be in the manner as may be prescribed.
View Complete Act List Judgments citing this sectionThe KARNATAKA MICRO LOAN AND SMALL LOAN (PREVENTION OF COERCIVE ACTIONS) ACT, 2025 Section 13
Title: Penalty for contravention of section 8 of the Act
State: Karnataka
Year: 2025
Any person who contravenes of section 8 of this Act, shall be tried and punishable by the Judicial Magistrate First Class, with imprisonment for a term which may extend to ten years and with fine which...
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