INDIA CODEIndia Code CompanionOpenAI with India Code 2.0

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Clause 3, Local Authorities Loans (Licence Control) Order, 2007 [S31-2FS]

As at 7 September 2026. In force from 13 November 2007.

In Local Authorities Loans (Licence Control) Order, 2007 [N13-8AJ]. This text from 13 November 2007. No other text held.

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Cite: Clause 3, Local Authorities Loans (Licence Control) Order, 2007 [S31-2FS]. Machine: S31-2FS.

Regulation of the making of deposits.—No depositor shall carry on the making of deposits except under and in accordance with a licence granted by the Debts Recovery Tribunal under this Order, and every such licence shall be in Form B.

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Clause 3, Local Authorities Loans (Licence Control) Order, 2007 [S31-2FS]