Section 5, Government Savings Banks Act, 1873 [S13-3S1]

As at 7 September 2026. In force from 21 June 1873.

In Government Savings Banks Act, 1873 [A10-4DX]. This text from 21 June 1873. No other text held.

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

Cite: Section 5, Government Savings Banks Act, 1873 [S13-3S1]. Machine: S13-3S1.

5. Prohibition of the enforcement of security interest without licence.—No person shall undertake the enforcement of security interest except under and in accordance with the conditions of a licence granted under section 6: Provided that nothing in this section shall apply to the enforcement of security interest undertaken by or on behalf of the Central Government or a State Government.

Defined terms in this text (1)

security interest: Section 2, Government Savings Banks Act, 1873 [S133PZ] (In this Act, unless the context otherwise requires,—): "security interest" means right, title or interest of any kind upon property created in favour of a secured creditor

security interest: 17 more definitions.

Made under this section, or naming it (0)

none

Cited by (1)

Section 14, Government Savings Banks Act, 1873 [S13-42E], 21 June 1873, Band A. "section 5".

Not held (0)

none

Duties published under this section (0)

none