Whoever carries on the business of money-lending without obtaining a valid licence, shall, on conviction, be punished with imprisonment of either description for a term which may extend to five years or with fine which may extend to fifty thousand rupees or with both.
Section 39: Penalty for doing money-lending without valid licence.
The Maharashtra Money-Lending (Regulation) Act, 2014.State Act of Maharashtra · Act 8 of 2014
Where this provision sits
| Act | The Maharashtra Money-Lending (Regulation) Act, 2014. |
|---|---|
| Section | 39 |
| Marginal note | Penalty for doing money-lending without valid licence. |
| Jurisdiction | State of Maharashtra |
| Status | In force as published by the source |
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