Section 40, Revenue Recovery Act, 1890 [S14-WF6]
As at 6 September 2026. In force from 13 November 1892 by S.O. 2489(E) [N11-C30].
40. 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 41: 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, Revenue Recovery Act, 1890 [S14V9P] (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)
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Cited by (0)
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Not held (0)
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Duties published under this section (0)
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