Section 12, Central Provinces Financial Commissioner’s Act, 1908 [S15-YGX]
As at 7 September 2026. In force from 1 November 1908 by S.O. 1260(E) [N11-DK1].
12. Prohibition of the borrowing of money without licence.—No person shall undertake the borrowing of money except under and in accordance with the conditions of a licence granted under section 13: Provided that nothing in this section shall apply to the borrowing of money undertaken by or on behalf of the Central Government or a State Government.
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