The Maharashtra Money-Lending (Regulation) Act 2014
Section 12 :
Levy of inspection fee :
(1) An inspection fee shall, in addition to the licence fee leviable under section 5, be levied on a money-lender applying for a renewal of a licence at the rate of one per cent. of the maximum capital utilized by him during the period of licence sought to be renewed or 1.[fifty thousand rupees,whichever is less].
(2) An application for renewal of a licence shall not be allowed unless the inspection fees under sub-section (1) is paid. Explanation.—For the purposes of this section, " maximum capital" means the highest total amount of the capital sum which may remain invested in the money-lending business on any day during the period of licence.
---------
1. Substituted for the words "rupees one hundred, whichever is more" by Mah. 23 of 2014, section 5.
INSTALL Android APP
*Note : All content on this website is for only educational purpose do not use it any where as legel activities and Publisher or owener is not responsible for any mistake if any mistake please suggest us. we will try to improve that.