Section 6, Karnataka Money Lenders Act, 1961 [S2F-MGZ]
As at 7 September 2026. In force from 17 July 1961 by No. 250/1961 [N12-SVK].
6. Grant of licence.—(1) An application for a licence to undertake the carrying on of business shall be made to the Registrar in Form B, accompanied by a fee of one hundred rupees. (2) The Registrar may, after making such inquiry as it thinks fit, grant the licence subject to such conditions as may be prescribed, or, for reasons to be recorded in writing, refuse to grant the licence. (3) A licence granted under this section shall be valid for a period of three years from the date of its grant and may be renewed in such manner as may be prescribed. (4) The Registrar may, after giving the licensee an opportunity of being heard, suspend or cancel a licence for contravention of any condition thereof.
Defined terms in this text (3)
business: Section 2, Karnataka Money Lenders Act, 1961 [S2FMC2] (In this Act, unless the context otherwise requires,—): "business" includes every trade, occupation and profession
business: 13 more definitions.
prescribed: Section 2, Karnataka Money Lenders Act, 1961 [S2FMC2] (In this Act, unless the context otherwise requires,—): "prescribed" means prescribed by rules made under this Act
prescribed: 996 more definitions.
Registrar: Section 2, Karnataka Money Lenders Act, 1961 [S2FMC2] (In this Act, unless the context otherwise requires,—): "Registrar" means the Registrar appointed under this Act
Registrar: 79 more definitions.
Made under this section, or naming it (0)
none
Cited by (3)
Section 19, Karnataka Money Lenders Act, 1961 [S2F-MX5], 4 January 1961, Band A. "section 6".
Section 5, Karnataka Money Lenders Act, 1961 [S2F-MF4], 4 January 1961, Band A. "section 6".
Rule 5, Karnataka Money Lenders Act Rules, 1961 [S2F-RSR], 17 July 1961, Band A. "section 6 of the Act".
Not held (0)
none
Duties published under this section (1)
D12-ETG. Every person carrying on business: Obtain a licence before undertaking the carrying on of business; apply in Form B, fee one hundred rupees; Before the activity begins; licence valid three years; Form B. Published by Industries and Commerce Department, Government of Karnataka (synthetic record).