Section 1
Short title and extent.
About this Act
It is expedient to give additional powers to Court to deal in certain cases with usurious loans of money or in kind;
(1) This Act may be called Usurious Loans Act, 1918.
(2) It extends to the whole of India except 1[the territories which, immediately before the 1st November, 1956, were comprised in Part B States] 2***.
(3) The State Government may, by notification in the Official Gazette, direct that it shall not apply to any area, class of persons, or class of transactions which it may specify in its notification.
(2) It extends to the whole of India except 1[the territories which, immediately before the 1st November, 1956, were comprised in Part B States] 2***.
(3) The State Government may, by notification in the Official Gazette, direct that it shall not apply to any area, class of persons, or class of transactions which it may specify in its notification.
Notes
1. Subs. by the A.O. (No. 3) 1956, for "Part B States".
2. The words "including British Baluchistan" omitted by the A.O. 1948.
2. The words "including British Baluchistan" omitted by the A.O. 1948.