Interest Act, 1978 [A10-S4M]
As at 7 September 2026. In force from 2 February 1979.
Sections (24)
Chapter I. PRELIMINARY
Chapter II. CONTROLLER
Chapter III. OFFENCES AND PENALTIES
Section 1. Short title, extent and commencement [S1Q-NPW]
Section 2. Definitions [S1Q-NQY]
Section 3. Appointment of Controller [S1Q-NR0]
Section 4. Registration of contractors [S1Q-NS2]
Section 5. Prohibition of the carrying on of business without licence [S1Q-NT4]
Section 6. Grant of licence [S1Q-NV6]
Section 7. Maintenance of records and furnishing of returns [S1Q-NW8]
Section 8. Powers of Secretary [S1Q-NXA]
Section 9. Power to issue directions [S1Q-NYC]
Section 10. Power to exempt [S1Q-NZE]
Section 11. Registration of licensees [S1Q-P0S]
Section 12. Prohibition of the running of an establishment without licence [S1Q-P1V]
Section 13. Grant of licence [S1Q-P2X]
Section 14. Maintenance of records and furnishing of returns [S1Q-P3Z]
Section 15. Powers of Secretary [S1Q-P4H]
Section 16. Power to issue directions [S1Q-P5K]
Section 17. Power to exempt [S1Q-P6N]
Section 18. Penalty for contravention [S1Q-P7Q]
Section 19. Offences by companies [S1Q-P89]
Section 20. Appeal [S1Q-P9B]
Section 21. Cognizance of offences [S1Q-PAD]
Section 22. Protection of action taken in good faith [S1Q-PBF]
Section 23. Power to make rules [S1Q-PC1]
Section 24. Power to remove difficulties [S1Q-PD3]
Made under
No recital of a power is printed.
Acts on (0)
none
Acted on by (8)
Amends: Interest Act (Amendment) Act, 1992 [A11-1RE], 28 July 1992. "section 20 of the Interest Act, 1978 (14 of 1978)".
Amends: Interest Act (Amendment) Act, 2001 [A11-7ME], 14 December 2001. "section 14 of the Interest Act, 1978 (14 of 1978)".
Amends: Interest Act (Amendment) Act, 2007 [A11-BF8], 10 February 2007. "section 18 of the Interest Act, 1978 (14 of 1978)".
Exempts: Notification S.O. 3848(E), dated 24th October, 1983 [N12-235], 24 October 1983. "section 4 of the said Act".
Commences: Notification S.O. 3280(E), dated 28th December, 1979 [N12-0BX], 22 January 1980. "shall come into force".
Commences: Notification S.O. 2564(E), dated 14th January, 1979 [N11-ZSQ], 2 February 1979. "shall come into force".
Exempts: Notification S.O. 2915(E), dated 16th October, 1981 [N12-171], 16 October 1981. "section 4 of the said Act".
Exempts: Notification S.O. 627(E), dated 24th September, 1981 [N12-163], 24 September 1981. "section 4 of the said Act".
Not held (0)
none