Office Memorandum No. 3248/2015/FD of the Finance Department, Government of Maharashtra dated 10th July, 2015 on the business of moneylending [C1B-23N]
As at 7 September 2026. In force. No commencement recorded.
No. 3248/2015/FD
GOVERNMENT OF MAHARASHTRA
Finance Department, Government of Maharashtra
Mumbai, dated the 10th July, 2015
OFFICE MEMORANDUM
Subject: The business of moneylending by moneylenders under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000, regarding.
1. The undersigned is directed to say that references have been received in the Finance Department, Government of Maharashtra on the manner in which the business of moneylending by moneylenders is to be regulated under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000.
2. The matter has been examined. Every moneylender carrying on the business of moneylending shall make an application in Form D to the Banking Ombudsman within thirty days, accompanied by a fee of fifty thousand rupees.
3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the business of moneylending is undertaken, and the Banking Ombudsman shall dispose of it within thirty days of its receipt.
4. Difficulties, if any, in the implementation of this office memorandum may be brought to the notice of the Finance Department, Government of Maharashtra.
(Secretary to Government)
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