The Bombay Money-Lenders (Gujarat Amendment) Act, 1963
The Bombay Money-Lenders (Gujarat Amendment) Act, 1963
Finance19638 sections
This Act amends the Bombay Money-lenders Act to regulate money-lenders in Gujarat. It increases penalties for violations, changes the license fee structure from a percentage-based system to a flat fee of one rupee per thousand rupees advanced, and extends existing licenses until December 1964. The legislation also allows money-lenders to obtain duplicate licenses and copies of documents for a fee, removes requirements for separate registers, and modifies how rules are laid before the state legislature. These changes aim to simplify the regulatory framework for money-lenders while maintaining oversight of their activities.
- 1. Short title, extent and commencement
- 2. Amendment of section 2 of Bom. XXXI of 1947
- 3. Amendment of section 6 of Bom. XXXI of 1947
- 4. Amendment of section 9 of Bom. XXXI of 1947
- 5. Amendment of section 9A of Bom. XXXI of 1947
- 6. Insertion of new sections 9B and 9C in Bom. XXXI of 1947
- 9. Amendment of the Schedule to the principal Act
- 9C. Issue of duplicate licence.
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