BENGAL MONEY-LENDERS ACT, 1940

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S.1 Short title, extent and commencement

S.2 Definitions

S.3

S.4 Competent Courts under this Act

S.5 Procedure in Competent Courts

S.6 Appointment of State and other Registrars

S.6(a) Appointment of Inspectors, their powers and duties

S.7 Register of money-lenders

S.8 Money-lending business not to be carried on except under licence

S.9 Licences

S.10 Licence fee

S.11 Application for licences

S.12 Entry in register and grant of licences

S.13 Stay of suit when money-lender does not hold licence

S.14 Disqualification of persons for holding a licence

S.15 Proof of conviction or order for disqualification

S.16 Refusal to grant licence

S.17 Cancellation of licence by a Sub-Registrar

S.18 Power to Registrar and Sub-Registrar to examine any person on oath

S.19 Application for cancellation of licence

S.20 Courts power to cancel a licence

S.21 No compensation for cancellation of licence

S.22 Licence fees and penalties recoverable as public demands

S.23 Offences in respect of licences

S.24 Duty of money-lender to keep accounts

S.25 Money-lenders to furnish statements of accounts

S.26 Borrower not bound by money-lenders statement of accounts

S.27 Procedure in suits relating to loans by money-lenders

S.28 Notice and information to be given on assignment of loans by lenders

S.29 Application of Act as respects assignees

S.30 Limitations as to amount and rate of interest recoverable

S.30(a) Limitation as to rate of interest recoverable in case of commercial loan

S.31 Prohibition of interest on decretal amount

S.32 Computation of interest on loans in kind

S.33 Prohibition of charges for expenses on loans

S.34 Power of Court to direct payment by instalments

S.35 Sale of property in execution of decrees in respect of loans

S.36 Reopening of transactions

S.37 Prohibition of execution of decrees by arrest and detention in prison

S.37(a) Saving as to mortgage by conditional sale

S.38 Inquiry for taking accounts and declaring the amount due

S.39 Deposit in Court of money due to lender

S.40 Entry of an amount in a bond, etc., different to the amount actually lent to be an offence

S.41 Penalty for molestation

S.42 General provisions regarding penalties

S.43 Protection to persons acting under this Act

S.44 Power to make rules

S.45 Bengal Act 7 of 1933 not to apply to loans to which this Act applies

S.45(a) Repeal

Sch.1 SCHEDULE 1

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