Section 12

The Laccadive, Minicoy And Amindivi Islands (Debt Conciliation And Grant Of Loans) Regulation, 1964.Regulations · 1964

(1) Subject to such rules as may be prescribed, the Administrator may, on such security as he may consider sufficient, grant loans to any debtor whose debt has been settled under sections 8, 9, 10 and 11.

(2) The amount of the loan shall in no case exceed the amount of the debt so settled.

(3) Any loan granted under this section shall carry interest al such rate per annum, a.ij shall be repayable within such number of half-yearly instalments from the date of grant of the loan, as the Administrator may from time to time specify.

Grant of loans by Administrator.

Where this provision sits

Act	The Laccadive, Minicoy And Amindivi Islands (Debt Conciliation And Grant Of Loans) Regulation, 1964.
Section	12
Status	In force as published by the source

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