Section 12, Karnataka Money Lenders Act, 1961 [S2F-MPK]

As at 7 September 2026. In force from 17 July 1961 by No. 250/1961 [N12-SVK].

In Karnataka Money Lenders Act, 1961 [A11-YXQ]. This text from 17 July 1961. 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 12, Karnataka Money Lenders Act, 1961 [S2F-MPK]. Machine: S2F-MPK.

12. Prohibition of the business of a firm without licence.—No person shall undertake the business of a firm except under and in accordance with the conditions of a licence granted under section 13: Provided that nothing in this section shall apply to the business of a firm undertaken by or on behalf of the Central Government or a State Government.

Defined terms in this text (2)

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.

Made under this section, or naming it (0)

none

Cited by (0)

none

Not held (0)

none

Duties published under this section (0)

none