Act Number: 10

Act Name: The Usurious Loans Act, 1918

Year: 1918

Enactment Date: 1918-03-22

Long Title: It is expedient to give additional powers to Court to deal in certain cases with usurious loans of money or in kind;

Ministry: Ministry of Finance

Department: Department of Economic Affairs

Section 1: Short title and extent.
    (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.
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.
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