Section 47, Credit Information Companies (Regulation) Act, 2005 [S22-20F]

As at 6 September 2026. In force from 27 February 2006 by S.O. 1675(E) [N12-CKX].

In Credit Information Companies (Regulation) Act, 2005 [A11-9MK]. This text from 27 February 2006. 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 47, Credit Information Companies (Regulation) Act, 2005 [S22-20F]. Machine: S22-20F.

47. 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 48: 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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