Preamble

The Arunachal Pradesh Gazette EXTRAORDINARY PUBLISHED BY AUTHORITY

No. 178 Vol. XXV, Naharlagun, Wednesday, May 9, 2018, Vaisakha 19, 1940 (Saka)

GOVERNMENT OF ARUNACHAL PRADESH

LAW, LEGISLATIVE AND JUSTICE DEPARTMENT

ARUNACHAL PRADESH CIVIL SECRETARIAT ITANAGAR NOTIFICATION The 9th April, .2018

No. Law/Legn-8/2018.- The following Act of the Arunachal Pradesh Legislative Assembly

which was passed in the Fifteenth Session of the Sixth LegislativeAssembly and received the assent of the Governor of Arunachal Pradesh is hereby published for general information. (Received the assent of the Governor on 1st May, 2018)

THE ARUNACHAL PRADESH MONEY LENDING (REGULATION) ACT, 2018

(ACT NO. 9 OF 2018) An Act

WHEREAS, harassment at the hands of money lenders had been increasing in the State of

Arunachal Pradesh at an alarming rate;

AND WHEREAS, under the circumstances, it became absolutely necessary for the State

Government to take appropriate and stringent social and legal measure to effectively prevent the harassment to the farmers, debtors at the hands of unscrupulous money lenders; AND WHEREAS, it is felt expedient to make a law having better and stringent provisions for the regulation and control of transactions of money lending in the State of Arunachal Pradesh ;

NOW, THEREFORE, BE it enacted by the Legislative Assembly of Arunachal Pradesh in the

Sixty-ninth Year of the Republic of India as follows,-

1. (1) This Act may be called the Arunachal Pradesh Money Lending (Regulation) Short title,

Act, 2018. extent and !!.

1. (2) It shall extend to the whole of the State of Arunachal Pradesh.
2. (3) It shall come into force on such date as the State Government, by notification

· in the Official Gazette apppoint.