State Act
18
Section 18. Persons debarred from doing business during period of suspension or cancellation of licence.
THE KARNATAKA MONEY-LENDERS ACT, 1961
Act no. 12 of 19621962In forceKarnataka (State Act)
18. Persons debarred from doing business during period of suspension or cancellation of licence.— A person whose licence has been suspended or cancelled in accordance with the provisions of this Act shall not during the period of suspension or cancellation, as the case may be, carry on the business of money-lending in the State.