Whoever carries on the business of providing loans without obtaining registration or otherwise than in conformity with the terms and conditions imposed by the registering authority shall be punished with imprisonment for a term which may extend to one year and with fine which may extend to fifty thousand rupees.
Section 22: Penalty for carrying on business without registration.
The Jammu and Kashmir Money Lenders and Accredited Loan Providers Act, 2010Union territory Act of Jammu and Kashmir · Act 23 of 2010
Where this provision sits
| Act | The Jammu and Kashmir Money Lenders and Accredited Loan Providers Act, 2010 |
|---|---|
| Section | 22 |
| Marginal note | Penalty for carrying on business without registration. |
| Jurisdiction | Union territory of Jammu and Kashmir |
| Status | In force as published by the source |
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