INDIA CODE
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Section 5, Local Authorities Loans Act, 1914 [S16-CJ3]

As at 7 September 2026. In force from 21 November 1914 by S.O. 1558(E) [N11-DZS].

In Local Authorities Loans Act, 1914 [A10-81G]. This text from 21 November 1914. 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, Local Authorities Loans Act, 1914 [S16-CJ3]. Machine: S16-CJ3.

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 (0)

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Made under this section, or naming it (0)

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Cited by (1)

Section 24, Local Authorities Loans Act, 1914 [S16-D5C], 11 September 1914, Band A. "section 5".

Not held (0)

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Duties published under this section (0)

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Section 5, Local Authorities Loans Act, 1914 [S16-CJ3]