Bare ActsThe KARNATAKA MONEY-LENDERS ACT, 1961

Section 37

Entry of wrong sum in bond, etc

Amendment status not verified — confirm the current text below against the official source.

Entry of wrong sum in bond, etc., to be an offence.— (1) No mone y-lender shall take any promissory note, acknowledgment, bond or other writing which does not state the actual amount of the loan, or which states such amount wrongly or execute any instrument in which blanks are left to be filled after execution. (2) Whoever contravenes the provisions of sub-section (1) shall, on conviction, be punished with imprisonment which may extend to 1[ten years]1 or with fine which may extend to 1[five lakh]1or with both.

Section 37 – The KARNATAKA MONEY-LENDERS ACT, 1961 | DailyLaw.ai