GMLA 17 — Money-Lender debarred from carrying on business during suspension or cancellation of registration

Gujarat Money-Lenders Act, 2011

Statutory text

(1) A Money-Lender whose registration has been suspended or cancelled in accordance with the provisions of this Act or any corresponding law in force in any other State shall, during the period of such suspension or cancellation, as the case may be, be disqualified from holding any registration in the State of Gujarat and shall forthwith cease to carry on business of money-lending in the State of Gujarat.

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