Section 14, Usurious Loans Act, 1918 [S16-QTG]

As at 7 September 2026. In force from 14 January 1918.

In Usurious Loans Act, 1918 [A10-8D8]. This text from 27 March 1995, by Act 96 of 1995 [A11-3GP]. Other texts (1): from 14 January 1918 to 26 March 1995.

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

Cite: Section 14, Usurious Loans Act, 1918 [S16-QTG]. Machine: S16-QTG.

14. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to one crore rupees, and in the case of a continuing contravention, with an additional fine which may extend to one crore rupees for every day during which the contravention continues after conviction for the first such contravention. (2) Whoever contravenes any other provision of this Act or the rules made thereunder, for which no penalty is elsewhere provided, shall be punishable with fine which may extend to fifty thousand rupees.

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 2, Usurious Loans Act (Amendment) Act, 1995 [S1Y-RCY], 27 March 1995, Band A. "section 14 of the Usurious Loans Act, 1918 (10 of 1918)".

Not held (0)

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Duties published under this section (0)

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