The KARNATAKA MONEY-LENDERS ACT, 1961
karnataka · 1962
- S. 1Omitted by Act 14 of 1998 w
- S. 2Definitions
- S. 3Substituted by Act 16 of 2025 w
- S. 4Insertion of new sections 15 A and 15 B
- S. 5Money-lenders to obtain licence
- S. 6Application for licence
- S. 7Insertion of section 38A
- S. 7AConditions of licence
- S. 7BForfeiture of security
- S. 8Refusal of issue of licence
- S. 9Registrar’s power to cancel licences
- S. 9ARepayment of Security Deposit
- S. 10Term of licence
- S. 112[x x x]2 suits by money-lenders not holding licence
- S. 12Omitted
- S. 13Application for cancellation of licence
- S. 14Registrar and Assistant Registrar to have powers of Civil Court
- S. 15Power of authorised officer to require production of records or documents and power of entry, inspection and seizure
- S. 16Court’s power to cancel or suspend a licence
- S. 17No compensation for suspension or cancellation of licence
- S. 18Persons debarred from doing business during period of suspension or cancellation of licence
- S. 19Person whose licence is suspended or cancelled not to apply without giving particulars of endorsement or of disqualific
- S. 20Duty of money-lender to keep accounts and furnish copies
- S. 21Delivery of statement of accounts and copies thereof by money-lender
- S. 22Fees for certain statements supplied to debtors and Assistant Registrars
- S. 23Debtors not bound to admit correctness of accounts
- S. 24Procedure of court in suits regarding loans
- S. 25Provisions of certain sections not to apply to loans made by company or unincorporated body exempted by Government
- S. 26Power of Court to limit interest recoverable in certain cases
- S. 27Power of Court to direct payment of decretal amount by instalments
- S. 28Limitation on rates of interest
- S. 29Prohibition of charge for expenses on loans by money-lenders
- S. 30Notice and information to be given on assignment of loan
- S. 31Application of Act as respects assignees
- S. 32Reopening of transactions
- S. 33Inquiry for taking accounts and declaring the amount due
- S. 34Deposit in Court of money due to money-lender
- S. 35When interest to be paid for entire month
- S. 36Money-lenders to exhibit their names over shops
- S. 37Entry of wrong sum in bond, etc
- S. 38Penalty for molestation
- S. 39General provision regarding penalties
- S. 40Offences by Hindu Joint Family, Corporation, etc
- S. 41Certain offences to be cognizable
- S. 42Every officer to be public servant
- S. 43Saving of laws relating to agriculturists’ indebtedness
- S. 44Rules
- S. 45Repeal and savings