Act Number: 14

Act Name: The Interest Act, 1978

Year: 1978

Enactment Date: 1978-03-31

Long Title: An Act to consolidate and amend the law relating to the allowance of interest in certain cases.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 1: Short title, extent and commencement.
    (1) This Act may be called the Interest Act, 1978.
     (2) It extends to the whole of India except the State of Jammu and Kashmir*.
     (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Notes:
*. Vide Notification No. S.O. 3912 (E), dated 30th October, 2019, this Act is made applicable to the Union territory of Jammu and Kashmir and the Union territory of Ladakh.
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