Bare Act Search Results

The Pondicherry Moneylenders Act, 1970 Complete Act

State: Pondicherry

Year: 1970

.....Act 10 of 1949); (b) "co-operative society" means a society registered or deemed to be registered under the Pondicherry Co-operative Societies Act, 1965 (Act No.11 of 1965): (c) "Government" means the Administrator appointed by the President under article 239 of the Constitution; (d) "Inspector" means an Inspector appointed under section 10; (e) "interest" includes the return to be made over and above what was actually lent, whether the same is charged or sought to be recovered specifically by way of interest or otherwise but does not include any sum charged by a lender in accordance with the provisions of this Act or any other law for the time being in force, for or on account of cost; charges or expenses; (f) "licence" means a money-lender's licence granted under this Act; (g) "loan" means an advance whether of money or in kind at interest, and includes any transaction which the court finds in substance to amount to such an advance, but does not include- (i) a deposit of money or other property in a Government Post Office Savings Bank or in a bank in a company as defined in the Companies Act, 1956 (Central Act 1 of 1956) or with a co-operative society; (ii).....

The Punjab Registration of Moneylenders Act, 1938 Complete Act

State: Punjab

Year: 1938

.....whether movable or immovable and shall include- a wholesale or a retail merchant, a commission agent, a broker, a manufacturer, a contractor a factory owner, but shall not include a person who sells only his own agricultural produce or cattle, or buys agricultural produce or cattle for his own use. Suits and applications by money-lenders barred, unless money-lender is registered and licensed. 3. Notwithstanding anything contained in any other enactment for the time being in force, a suit by a money-lender for the recovery of a loan, or an application by a money-lender for the execution of a decree relating to a loan, shall after the commencement of this act, be dismissed, unless the money-lender- (a) at the time of the institution of the suit or presentation of the application for execution; or (b) at the time of decreeing the suit or deciding the application for execution- (i) is registered; and (ii) holds a valid licence, in such form and manner as may be prescribed; or (iii) holds a certificate from a Commissioner granted under section 11, specifying the loan in respect of which the suit is instituted, or the decree in respect of which the.....

Karnataka Money-lenders Act, 1961 Section 21

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

State: Karnataka

Year: 1961

.....to the debtor or if the debtor so requires, to any person specified in that behalf in the demand, a statement, 1 [either in Kannada or in English], signed by the money-lender or his agent, and containing the relevant particulars specified in sub-section (1). (3) A money-lender shall, on a demand in writing by the debtor, and tender of the prescribed sum of expenses, supply a copy of any document relating to a loan made by him or any security therefor, to the debtor, or if the debtor so requires, to any person specified in that behalf in the demand. 2 [(4). x x x] _______________________________ 1. Substituted by Act 2 of 1987 w.e.f. 16.10.1986. 2. Omitted by Act 14 of 1998 w.e.f. 22.5.1998.

The Bombay Money Lenders Act, 1946 Complete Act

State: Maharashtra

Year: 1946

.....other property, whether moveable or immoveable, and includes a wholesale or retail merchant, a commission agent, - a broker, a manufacturer, a contractor, a factory owner, but does not include an artisan or a person who sells his agricultural produce or cattle or buys agricultural produce or cattle, for his use. Explanation."For the purposes of this clause an "artisan" means a person who does not employ more than ten workers in a manufacturing process on any one day of the twelve months immediately preceding. NOTES: (A) Changes made by the new amendment in two of the definitions have created disturbance in business community and especially the money-lenders who were advancing loans to traders. (B) Definition of word LOAN in sub-section 2 has been amended by addition of words WHETHER IN CASH OR KIND AND after the words ADVANCING LOANS. These words appear to have been added to clarify the word loan as to include the advance in kind like grains advanced with condition to return one and half times after harvest. The definition of word LOAN in sub section (9) even prior to the amendment states that the loan meant an advance whether of money or in kind. Thus this particular amendment.....

Tamil Nadu Money Lenders Act 1957 Complete Act

State: Tamil Nadu

Year: 1957

TAMIL NADU MONEY LENDERS ACT 1957 TAMIL NADU MONEY LENDERS ACT 1957 (Act 26 of 1957) (For Statement of Objects and Reasons. Sec Fort St. George Gazette (Extraordinary), Pan IV-A, pages 93-94, dated the 22nd October, 1957) WHEREAS it is expedient, to make provision for the regulation and control of the business of money-lenders in the State of Substituted by Tamil Nadu Act XLI of 1979 [Tamil Nadu]. BE it enacted in the Eighth Year of the Republic of India as follows: 1. Short title, extent and commencement: " (1) This Act may be called Substituted by Tamil Nadu Act XLI of 1979 [TAMIL NADU] MONEY-LENDERS ACT, 1957. (2) It extends to the whole of the State of Substituted by Tamil Nadu Act XLI of 1979 [Tamil Nadu] (3) It shall come into force in any area on such date as the Government may by notification specify which date shall not be earlier than the expiry of one month form the publication of the notification and the Government may cancel or modify any such notification. NOTES S.1: Object of the Act is to protect debtor from unscruplous money lenders - 1957 Bombay 12; 1941 Cal. 673; (1947) 2 M.L.J. 14 (P.C); Art Constitutionaly valid-(1963)1 M.L.J......

The Kerala Moneylenders Act, 1958 1 Complete Act

State: Kerala

Year: 1958

.....of 1984);";] [5]. ["(1B) "Commissioner" means the Commissioner of Commercial Taxes appointed under the provisions of the Kerala General Sales Tax Act, 1963 (Act 15 of 1963)";] (2) "co-operative society" means a society registered or deemed to be registered under the Madras Co-operative Societies Act, 1932 [(Madras Act VI of 1932) or the Travancore-Cochin Co-operative Societies Act, 1951(˜Act X of 1952)]; (3) "Interest" includes the return to be made over and above what was actually lent, whether the same is charged or sought to be recovered specifically by way of interest or otherwise, but does not include any sum charged by a lender in accordance with the provisions of this Act or any other law for the time being in force, for or on account of costs, charges or expenses; (4) "licence" means a money-lender's licence granted under this Act; [6]. ["(4A) "licensing authority" means an officer or authority appointed by the Government to perform the functions of a licensing authority under this Act;"]; (5) "loan" means an advance whether of money or in kind at interest, and includes any transaction which the Court finds in substance to Amount to such an advance but does.....

The Kerala Moneylenders (Amendment) Act, 1987 [1] Complete Act

State: Kerala

Year: 1987

THE KERALA MONEY-LENDERS (AMENDMENT) ACT, 1987 [1] THE KERALA MONEY-LENDERS (AMENDMENT) ACT, 1987 [1] (ACT NO. 16 OF 1987) An Act further to amend the Kerala Money-Lenders Act, 1958. Preamble." WHEREAS it is expedient further to amend the Kerala Money-Lenders Act, 1958, for the purposes hereinafter appearing; BE it enacted in the Thirty-eighth Year of the Republic of India as follows : 1. Short title and commencement." (1) This Act may be called the Kerala Money-Lenders (Amendment) Act, 1987. (2) It shall be deemed to have come into force on the 12th day of May, 1987. 2. Amendment of section 2. "In section 2 of the Kerala Money-Lenders Act, 1958 (35 of 1958) (hereinafter referred to as the principal Act.)" (a) in clause (5)," (i) for sub-clause (vi), the following sub-clause shall be substituted, namely :" "(vi) an advance made by a trader bona fide carrying on any business, other than money lending, if such loan is advanced in the regular course of such business;" (ii) sub-clause (vii) shall be omitted; (b) in clause (7), the opening paragraph shall be substituted as follows, namely : " (7) "money-lender" means a person whose main or subsidiary occu pation is the.....

The Kerala Moneylenders (Amendment) Act, 1986 [1] Complete Act

State: Kerala

Year: 1986

THE KERALA MONEY-LENDERS (AMENDMENT) ACT, 1986 [1] THE KERALA MONEY-LENDERS (AMENDMENT) ACT, 1986 [1] (ACT 30 OF 1986) An Act further to amend the Kerala Money Lenders Act, 1958. Preamble.• WHEREAS, it is expedient further to amend the Kerala Money Lenders Act, 1958, for the purposes hereinafter appearing; BE it enacted in the Thirty-seventh Year of the Republic of India as follows:• 1. Short title and commencement.• (1) This Act may be called the Kerala Money Lenders (Amendment) Act, 1986. (2) It shall be deemed to have come into force on the 15th day of October, 1985. 2. Amendment of section 2.• In section 2 of the Kerala Money Lenders Act, 1958 (35 of 1958) (hereinafter referred to as the principal Act),• (a) for clause (1A), the following clause shall be substituted, namely:• "(10. .A) "bank" means• (i) a banking company to which the Banking Regulation Act, 1949 (Central Act 10 of 1949), applies; (ii) the State Bank of India constituted under the State Bank of India Act, 1955 (central Act 23 of 1955); (iii) a subsidiary bank as defined in clause (k) of section 2 of the State Bank of India (Subsidiary Banks) Act, 1959 (Central Act.....

The Kerala Moneylenders (Amendment) Act, 1974 [1] Complete Act

State: Kerala

Year: 1974

.....Act. Explanation II.• For the purposes of this clause, clause (7A), proviso to sub-section (1) of section 3, clause (a) of sub-section (3) of section 10, section 16A, and section 17, the word ˜person' shall include " a firm or a joint family;" 3. Amendment of section 4.• In section 4 of the principal Act, after sub-section (4), the following sub-section shall be inserted, namely:• "(4A) The licensing authority may, if it is satisfied that an applicant could not apply for a licence under this Act, for reasons beyond his control within the period referred to in sub-section (1) of section 3, grant a licence with retrospective effect on realising a penalty not exceeding the prescribed licence fee". 4. Amendment of section12.• Section 12 of the principal Act shall be re-numbered as sub-section (1) of that section and, after sub-section (1) as so renumbered, the following sub-section shall be inserted, namely:• "(2) No court inferior to that of a Magistrate of the First Class shall try any offence punishable under this Act". 5. Amendment of section 22.• To section 22 of the principal Act, the following proviso shall be added, namely:•.....

Bombay Money-lenders Act, 1946, (Maharashtra) Section 27

Title: Notice and Information to Be Given on Assignment of Loans

State: Maharashtra

Year: 1946

(1) Where a loan advanced, whether before or after the date on which this Act comes into force, or any interest of such loan or the benefit of any agreement made or security taken in respect of such loan or interest is assigned to any assignee, the assignor (whether he is the money-lender by whom the money was lent or any person to whom the debt has been previously assigned) shall, before the assignment is made- (a) give the assigned notice in writing that the loan, interest, agreement or security is affected by the operation of this Act; (b) supply to the assignee all information necessary to enable him to comply with the provisions of this Act; and (c) give the debtor notice in writing of the assignment supplying the name and address of the assignee. (2) Any person acting in contravention of the provisions of sub-section (1) shall be liable to indemnify any other person who is prejudiced by the contravention.