INDIA CODE

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Usurious Loans Act, 1918: sections with instruments beneath them (3)

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Open at its own address /A10-8D8

Usurious Loans Act, 1918 [A10-8D8]

As at 7 September 2026. In force from 14 January 1918.

Dates: made 14 January 1918; in force 14 January 1918; ceased none recorded. Gazette: none recorded. Band A.

Synthetic. The words of this Act are generated by the register; its title, number and year are real.

Cite: Usurious Loans Act, 1918, Act 10 of 1918 [A10-8D8]. Machine: A10-8D8.

Sections (20)

Chapter I. PRELIMINARY

Chapter II. RESERVE BANK

Chapter III. OFFENCES AND PENALTIES

Section 1. Short title, extent and commencement [S16-QDV]

Section 2. Definitions [S16-QEX]

Section 3. Appointment of Reserve Bank [S16-QFZ]

Section 4. Registration of financials institution [S16-QG4]

Section 5. Prohibition of the enforcement of security interest without licence [S16-QH6]

Section 6. Grant of licence [S16-QJ0]

Section 7. Maintenance of records and furnishing of returns [S16-QK2]

Section 8. Powers of authorised officer [S16-QMC]

Section 9. Power to issue directions [S16-QNE]

Section 10. Power to exempt [S16-QP8]

Section 11. Registration of bankings company [S16-QQA]

Section 12. Prohibition of the borrowing of money without licence [S16-QRM]

Section 13. Grant of licence [S16-QSP]

Section 14. Penalty for contravention [S16-QTG]

Section 15. Offences by companies [S16-QVJ]

Section 16. Appeal [S16-QWW]

Section 17. Cognizance of offences [S16-QXY]

Section 18. Protection of action taken in good faith [S16-QYR]

Section 19. Power to make rules [S16-QZT]

Section 20. Power to remove difficulties [S16-R0R]

Made under

No recital of a power is printed.

Acts on (0)

none

Acted on by (5)

Amends: Usurious Loans Act (Amendment) Act, 1983 [A10-VS3], 16 March 1983. "section 16 of the Usurious Loans Act, 1918 (10 of 1918)".

Corresponds to: Usurious Loans (Amendment) Bill, 2017 [A12-FZ5], 5 July 2017.

Amends: Usurious Loans Act (Amendment) Act, 1954 [A10-E3C], 14 May 1954. "section 16 of the Usurious Loans Act, 1918 (10 of 1918)".

Amends: Usurious Loans Act (Amendment) Act, 1995 [A11-3GP], 27 March 1995. "section 14 of the Usurious Loans Act, 1918 (10 of 1918)".

Exempts: Notification S.O. 3247(E), dated 14th March, 1920 [N11-ECP], 14 March 1920. "section 4 of the said Act".

Not held (1)

"section 3 of the Reserve Bank of India Act, 1934"

Sort rules. Subjects by name. Acts by year, then number. Sections in the order of the arrangement. Instruments by date, then number. Amendments by date. An instrument stands under the section its recital names; where the register resolved no section, it stands under No power resolved. Counts are the rows beneath.