Section 7, Karnataka Money Lenders Act, 1961 [S2F-MHX]
As at 7 September 2026. In force from 17 July 1961 by No. 250/1961 [N12-SVK].
7. Maintenance of records and furnishing of returns.—(1) Every firm shall maintain such records and registers relating to the business of a firm as may be prescribed and shall preserve them for a period of five years. (2) Every firm shall furnish to the Registrar a return in Form B within fifteen days from the end of every financial year, and such other information as the Registrar may, by order in writing, require.
Defined terms in this text (4)
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.
firm: Section 2, Karnataka Money Lenders Act, 1961 [S2FMC2] (In this Act, unless the context otherwise requires,—): "firm" means a firm registered under this Act
firm: 12 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 (1)
Circular of the Industries and Commerce Department, Government of Karnataka dated 1st November, 1969 on section 7 of the Karnataka Money Lenders Act, 1961 [C10-MCB], 1 November 1969, in force. The text contains "section 7 of the Karnataka Money Lenders Act, 1961 (Karnataka Act 12 of 1961)".
Cited by (2)
Section 19, Karnataka Money Lenders Act, 1961 [S2F-MX5], 4 January 1961, Band A. "section 7".
Rule 6, Karnataka Money Lenders Act Rules, 1961 [S2F-RTY], 17 July 1961, Band A. "sub-section (2) of section 7 of the Act".
Not held (0)
none
Duties published under this section (1)
D12-EVJ. Every firm: Maintain records and registers of the business of a firm; preserve for five years; furnish the annual return in Form B; fifteen days from the end of every financial year; Form B. Published by Industries and Commerce Department, Government of Karnataka (synthetic record).