Standing Order No. 4417/2007 of the Finance Department, Government of Maharashtra dated 23rd January, 2007 on the recovery of dues on behalf of a lender [C1C-923]

As at 7 September 2026. In force. No commencement recorded.

Dates: made 23 January 2007; in force not recorded; ceased none recorded. Gazette: none recorded. Band B.

Jurisdiction: Maharashtra [IN-MH]. Made by the Finance Department, Government of Maharashtra.

Synthetic. This instrument, its title, its number and its words are generated by the register, beneath the Act its recital names.

Cite: Standing Order No. 4417/2007 of the Finance Department, Government of Maharashtra dated 23rd January, 2007 on the recovery of dues on behalf of a lender, Standing Order No. 4417/2007, 23rd January, 2007 [C1C-923]. Machine: C1C-923.

Standing Order No. 4417/2007

GOVERNMENT OF MAHARASHTRA

Finance Department, Government of Maharashtra

Mumbai, dated the 23rd January, 2007

STANDING ORDER

All Registrars of Moneylenders,

Subject: The recovery of dues on behalf of a lender by recovery agents under the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000, regarding.

In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the recovery of dues on behalf of a lender by recovery agents.

2. The matter has been examined. Every recovery agent carrying on the recovery of dues on behalf of a lender shall make an application in Form B to the Deposit Insurance Corporation within seven days, accompanied by a fee of two thousand rupees.

3. The Registrar of Moneylenders shall ensure that loan account is dealt with as directed above, and shall report compliance to the Deposit Insurance Corporation within seven days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Finance Department, Government of Maharashtra.

(Secretary to Government)

Made under

Recital: "In exercise of the powers conferred by section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000), the Finance Department, Government of Maharashtra hereby issues the following Standing Order for the guidance of all officers subordinate to it:". Names section 9 of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, 2000 (Maharashtra Act 16 of 2000) [S2K-MP8]. Vires verified.

Acts on (0)

none

Acted on by (0)

none

Not held (0)

none