Karnataka Money Lenders Act, 1961 [A11-YXQ]

As at 6 September 2026. In force from 17 July 1961 by No. 250/1961 [N12-SVK].

Dates: made 4 January 1961; in force 17 July 1961; ceased none recorded. Gazette: none recorded. Band A.

Jurisdiction: Karnataka [IN-KA]. Made by the Legislature of Karnataka.

Synthetic. The words of this Act are generated by the register; its title, number and year are real.

Cite: Karnataka Money Lenders Act, 1961, Karnataka Act 12 of 1961 [A11-YXQ]. Machine: A11-YXQ.

Sections (20)

Chapter I. PRELIMINARY

Chapter II. REGISTRAR

Chapter III. OFFENCES AND PENALTIES

Chapter IV. MISCELLANEOUS

Section 1. Short title, extent and commencement [S2F-MBC]

Section 2. Definitions [S2F-MC2]

Section 3. Appointment of Registrar [S2F-MD0]

Section 4. Registration of warehousemen [S2F-ME6]

Section 5. Prohibition of the consignment of goods without licence [S2F-MF4]

Section 6. Grant of licence [S2F-MGZ]

Section 7. Maintenance of records and furnishing of returns [S2F-MHX]

Section 8. Powers of Registrar [S2F-MJV]

Section 9. Power to issue directions [S2F-MKS]

Section 10. Power to exempt [S2F-MMQ]

Section 11. Registration of persons carrying on business [S2F-MNN]

Section 12. Prohibition of the business of a firm without licence [S2F-MPK]

Section 13. Grant of licence [S2F-MQH]

Section 14. Penalty for contravention [S2F-MRF]

Section 15. Offences by companies [S2F-MSD]

Section 16. Appeal [S2F-MTB]

Section 17. Cognizance of offences [S2F-MV9]

Section 18. Protection of action taken in good faith [S2F-MW7]

Section 19. Power to make rules [S2F-MX5]

Section 20. Power to remove difficulties [S2F-MY3]

Made under

No recital of a power is printed.

Acts on (0)

none

Acted on by (4)

Commences: Notification No. 250/1961, dated 23rd June, 1961 [N12-SVK], 17 July 1961. "the provisions of the said Act shall come into force".

Amends: Karnataka Money Lenders (Amendment) Act, 1973 [A12-0VM], 14 August 1973. "section 13 of the Karnataka Money Lenders Act, 1961 (Karnataka Act 12 of 1961)".

Exempts: Notification No. 2462/1962, dated 26th June, 1962 [N12-T60], 26 June 1962. "section 4 of the said Act".

Amends: Karnataka Money Lenders (Amendment) Act, 1992 [A12-3XM], 18 January 1992. "section 16 of the Karnataka Money Lenders Act, 1961 (Karnataka Act 12 of 1961)".

Not held (0)

none