The Maharashtra MoneyLending (Regulation) Act, 2014
maharashtra · 2014
- S. 1Short title, extent and commencement.
- S. 2Definitions.
- S. 3Appointment of Registrar General and other officers to assist him.
- S. 4Money-lender not to carry on business of money-lending except for area under licence and except in accordance with terms of licence.
- S. 5Application for licence.
- S. 6Grant of licence and entry in register.
- S. 7Register of money lenders.
- S. 8Refusal of issue of licence.
- S. 9Revisionary powers of Registrar General.
- S. 10Term of licence.
- S. 11District Registrar’s power to cancel licence.
- S. 12Levy of inspection fee.
- S. 13Suits by money-lenders not holding licence.
- S. 14Application for cancellation of licence.
- S. 15Registrar General and his subordinates to have powers of Civil Court.
- S. 16Power of authorized officer to require production of records or documents.
- S. 17Disposal of property pledged with money-lender carrying on business of money-lending without valid licence.
- S. 18Return of immovable property acquired in course of money-lending.
- S. 19Court’s power to cancel or suspend licence.
- S. 20No compensation for suspension or cancellation of licence.
- S. 21Persons debarred from doing money-lending during period of suspension or cancellation of licence.
- S. 22Person whose licence is suspended or cancelled not to apply without giving particulars of endorsement or of disqualification.
- S. 23Promissory note, Bond, etc., to be factual.
- S. 24Duty of money-lender to keep accounts and furnish copies.
- S. 25Delivery of statements of accounts and copies thereof by money-lenders.
- S. 26Fees for certain statements supplied to debtors and Assistant Registrar.
- S. 27Debtor not bound to admit correctness of accounts.
- S. 28Procedure of Court in suit regarding loans.
- S. 29Power of Court to limit interest recoverable in certain cases.
- S. 30Power of Court to direct payment of decretal amount by installment.
- S. 31Limitation on rates of interest.
- S. 32Prohibition of charge for expenses on loans by money-lenders.
- S. 33Assignment of loans.
- S. 34Application of Act as to assignees.
- S. 35Re-opening of transactions.
- S. 36Inquiry for taking accounts and declaring amount due.
- S. 37Deposit in Court of money due to money-lenders.
- S. 38Calculation of interest.
- S. 39Penalty for doing money-lending without valid licence.
- S. 40Penalty for making false statement.
- S. 41Obtaining licence under fictitious name, carrying on money-lending at a place not mentioned in licence, etc.
- S. 42Penalty for wrong entry in promissory note, Bond, etc.
- S. 43Penalty for contravention of section 24 or 25.
- S. 44Penalty for charging rate of interest in contravention of section 31.
- S. 45Penalty for molestation.
- S. 46General provisions regarding penalties.
- S. 47Offences by corporations, etc.
- S. 48Certain offences to be cognizable.
- S. 49No arrest and imprisonment in execution of decree for money against agricultural debtors.
- S. 50Every officer to be public servant.
- S. 51Protection of action taken in good faith.
- S. 52Provision of XXVIII of 1947 saved.
- S. 53Power of State Government to delegate its powers.
- S. 54Rules.
- S. 55Power to remove difficult.
- S. 56Repeal of Bom. XXXI of 1947 and saving.
- S. 57Repeal of Mah. Ord. I of 2014 and saving.