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Karnataka Money-lenders Act, 1961 Complete Act

Title : Karnataka Money-lenders Act, 1961

State : Karnataka

Year : 1961

..... 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 .....

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Karnataka Money-lenders Act, 1961 Section 34

Title : Deposit in Court of Money Due to Money-lender

State : Karnataka

Year : 1961

..... (3) the court shall thereupon cause written notice of the deposit to be served on the money-lender, and he may ..... when the money-lender does not accept the sum, the court shall appropriate the ..... deposit the said sum in court to the account of the money-lender. .....

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Karnataka Money-lenders Act, 1961 Section 36

Title : Money-lenders to Exhibit their Names over Shops

State : Karnataka

Year : 1961

every money-lender shall always keep exhibited over his shop or place of business, his name with the word 'money-lender' and its equivalent in kannada.

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Karnataka Money-lenders Act, 1961 Section 4

Title : Register of Money-lenders

State : Karnataka

Year : 1961

every assistant registrar shall maintain for the area in his jurisdiction a register of money-lenders in such form as may be prescribed.

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Karnataka Money-lenders Act, 1961 Section 20

Title : Duty of Money-lender to Keep Accounts and Furnish Copies

State : Karnataka

Year : 1961

section 20 - duty of money-lender to keep accounts and furnish copies (1) every money-lender shall keep and maintain a ..... and shall contain an up-to-date account of the transactions with the debtor; (ii)to the assistant registrar ..... substittued by act 2 of 1987 .....

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Karnataka Money-lenders Act, 1961 Section 21

Title : Delivery of Statement of Accounts and Copies Thereof by Money-lender

State : Karnataka

Year : 1961

section 21 - delivery of statement of accounts and copies thereof by money-lender (1) every money-lender shall deliver or cause to ..... specified in clauses (i) to (iv) to the assistant registrar ..... date on which this act comes into force, the money-lender shall, on .....

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Karnataka Money-lenders Act, 1961 Section 33

Title : Inquiry for Taking Accounts and Declaring the Amount Due

State : Karnataka

Year : 1961

..... of such application, the court shall cause a notice of the application to be given to the money-lender. ..... in taking accounts under this section the court shall follow the provisions of sections 20 to 32 and section 35. .....

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Karnataka Money-lenders Act, 1961 Section 29

Title : Prohibition of Charge for Expenses on Loans by Money-lenders

State : Karnataka

Year : 1961

..... no money-lender shall receive from a ..... of mortgage and where both parties have agreed of such costs and reimbursement thereof ..... of the transfer of property act, 1882, or any other ..... stamp, registration of documents and other usual out-of-pocket expenses .....

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Karnataka Money-lenders Act, 1961 Section 31

Title : Application of Act as Respects Assignees

State : Karnataka

Year : 1961

..... money-lender and all the provisions of this act shall apply to such assignee as if he were the money-lender ..... , (2) notwithstanding anything contained in this act or in any other law .....

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Karnataka Money-lenders Act, 1961 Section 6

Title : Application for Licence

State : Karnataka

Year : 1961

..... this behalf by a power-of-attorney by the individual money-lender himself or the family ..... a licence to the assistant registrar of the area within the ..... section shall be paid in the manner prescribed and ..... or any other person having control of its principal ..... act 14 .....

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