State Act
64
Section 64. Interest at more than twelve percent not to be allowed
THE UTTAR PRADESH CHIT FUND ACT, 1975
Act no. 53 of 19751975RepealedUttarakhand (State Act)
This Act was repealed on a date we do not have by the Chit Funds Act, 1982 (Central Act 40 of 1982), s.90(1); it may still apply to matters that began before then.
64. No court shall award interest on claims arising under this Act at more than twelve per cent per annum simple interest.