State Act
17
Section 17. Penalty for carrying on business without licence
THE PUDUCHERRY MONEY LENDERS ACT, 1970
Act no. 26 of 19701970In forcePuducherry (State Act)
17. Whoever carries on the business of money-lending without a licence or otherwise than in conformity with the terms and conditions of a licence shall be punished with fine which may extend to one thousand rupees: Provided that a person shall not be deemed to carry on the business of money-lending without a licence, if he had ceased to carry on the business of money-lending but was taking steps to recover any loan advanced by him.