GMLA 41 — Penalty for salami, batta, dharmada, etc.

Gujarat Money-Lenders Act, 2011

Statutory text

If any Money-Lender or a person takes from a debtor at the time of advancing a loan or deduct out of the principal of such loan any salami, batta, dharmada or other extraction of similar nature by whatever name called, he shall be punishable with fine which may extend to twenty thousand rupees.

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