INDIA CODE
Type a request or start a voice turn

14 January 1918. The pages below are read as at that date. Where a page holds no text for it, the page says so. Clear the date

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

As at 14 January 1918. In force from 14 January 1918.

In Usurious Loans Act, 1918 [A10-8D8]. This text from 14 January 1918 to 26 March 1995. Other texts (1): from 27 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@1918-01-14.

14. Penalty for contravention.—(1) Whoever contravenes the provisions of section 4 or section 5 shall be punishable with fine which may extend to twenty-five lakh 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)

none

Made under this section, or naming it (0)

none

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)

none

Duties published under this section (0)

none

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