CONTENTS
SECTIONS
1. Short title, extent and commencement
4. Competent Courts under this Act
5. Procedure in Competent Courts
6. Appointment of Provincial and other Registrars
8. Money-lending business not to be carried on except under licence
12. Entry in register and grant of licences
13. Stay of suit when money-lender does not hold licence
14. Disqualification of persons for holding a licence
15. Proof of conviction or order for disqualification
17. Cancellation of licence by a Sub-Registrar
18. Power to Registrar and Sub-Registrar to examine any person on oath
19. Application for cancellation of licence
20. Court’s power to cancel a licence
21. No compensation for cancellation of licence
22. Licence fees and penalties recoverable as public demands
23. Offences in respect of licences
24. Duty of money-lender to keep accounts
25. Money-lenders to furnish statements of accounts
26. Borrower not bound by money-lender’s statement of accounts
27. Procedure in suits relating to loans by money-lenders
28. Notice and information to be given on assignment of loans by lenders
29. Application of Act as respects assignees
30. Limitations as to the amount and rate of interest recoverable
31. Prohibition of interest on decretal amount
32. Computation of interest on loans in kind
33. Prohibition of charges for expenses on loans
34. Power of Court to direct payment by instalments
35. Sale of property in execution of decrees in respect of loans
36. Re-opening of transactions
37. Prohibition of execution of decrees by arrest and detention in prison
38. Inquiry for taking accounts and declaring the amount due
39. Deposit in Court of money due to lender
40. Entry of an amount in a bond, etc., different to the amount actually lent to be an offence
42. General provisions regarding penalties
43. Protection to persons acting under this Act
45. Bengal Act VII of 1933 not to apply to loans to which this Act applies
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