Tag: money lender

• 2022

  Prohibition of Acceptance of Deposits for the purpose of Lending by Unincorporated Business under the RBI Act, 1934

  Section 45S of the RBI Act, 1984 prohibits any person being an individual, a partnership firm or an unincorporated association of individuals from accepting deposits if (a) his or its…
• 2020

  Moneylending related offence included under PASA in Gujarat

  The Governor of Gujarat has promulgated ‘The Gujarat Prevention of Anti Social Activities (Amendment) Ordinance, 2020’ with effect from 07 September 2020. Clause (ga) inserted in Section 2 defines a…

  
• 2011

  HIGHLIGHTS OF THE GUJARAT MONEY-LENDERS ACT, 2011

  1. The Act shall be applicable on the date on which the State Government will notify (2 May 2011 vide Notification No. GHKH-19-2011-GML-10-2011-153-CHH). 2. Money lending is the business of…