The JAMMU AND KASHMIR MONEY LENDERS AND ACCREDITED LOAN PROVIDERS ACT, 2010
jammu-and-kashmir · 2010
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Appointment of registering authority.
- S. 4Register of money lenders.
- S. 5Money lender to obtain registration.
- S. 6Duty of money lender to maintain accounts and furnish copies.
- S. 7Submission of accounts, returns etc.
- S. 8Power to require production of records or documents, and power of entry, inspection and seizure.
- S. 9Borrowers not bound to admit correctness of accounts.
- S. 10Procedure in disputes regarding loan.
- S. 11Power of Panchayat or Lok Adalat to deposit money due on loan in Panchayat or Lok Adalat.
- S. 12Suits and applications by un-registered money lenders barred.
- S. 13Registration of accredited loan providers.
- S. 14Submissions of accounts, returns etc.
- S. 15Settlement of disputes.
- S. 16Cancellation of registration.
- S. 17Limitation on rates of interest charged by money lenders and accredited loan providers.
- S. 18Maximum amount of interest recoverable on loans and discharge of loans in certain cases.
- S. 19Entry of wrong sum in bond, etc. to be an offence.
- S. 20Penalty for salami, batta, dharmada etc.
- S. 21Penalty for molestation.
- S. 22Penalty for carrying on business without registration.
- S. 23Penalty for contravention of the provisions of the Act.
- S. 24Composition of offences.
- S. 25Cognizance of certain offences.
- S. 26Every officer to be public servant.
- S. 27Saving of laws relating to agriculturists’ indebtedness.
- S. 28Power to make rules.
- S. 29Power to exempt.
- S. 30Annual report on the administration of the Act.