The JAMMU AND KASHMIR MONEY LENDERS AND ACCREDITED LOAN PROVIDERS ACT, 2010
ladakh · 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 unregistered 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
- 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
- S. 2010(2) It shall extend to the whole of the State of Jammu and Kashmir