CourtMesh

Section 8

The Laccadive, Minicoy and Amindivi Islands Money-Lenders Regulation, 1973.Regulations · 1973

(1) No money-lender shall charge or recover interest o? any loan, at a rate Interest and charges exceeding nine per cent. per annurr, simple interest where the loan is a secured loan to or at a rate exceeding twelve per cent. per annum simple interest where the loan is money- lenders.

not a secured loan:

Provided that a money-lender shall be entitled to charge a minimum of fifty paise as interest on any one loan.

(2) A money-lender may demand and take from the debtor such charges and in such cases as may be prescribed.

(3) A money-lender shall not demand or take from the debtor any interest, profit or other sum whatsoever in excess of that payable under this section.

Where this provision sits

ActThe Laccadive, Minicoy and Amindivi Islands Money-Lenders Regulation, 1973.
Section8
StatusIn force as published by the source

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

  • Search 49,000+ Central and State enactments by what a provision says, not by its number
  • Jump from any section to every judgment that has applied it
  • Search 300 million+ Indian court records alongside the statute
  • Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Laccadive, Minicoy and Amindivi Islands Money-Lenders Regulation, 1973. is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.