The Bombay Money- Lenders Act,1946 With Rules

The Bombay Money-Lenders Act, 1946 with Rules by Ram Shelkar delivers a structured and comprehensive explanation of the legal framework regulating money lending in Maharashtra. The book begins with the essential definitions and scope of the Act, followed by a detailed treatment of licensing procedures, renewal requirements, fees, and the authority of the Registrar. It lays out the rules governing interest limits, prohibited transactions, maintenance of statutory registers, issuance of receipts and obligations regarding transparency in dealings with borrowers. A dedicated section explains offences such as unlicensed lending, excessive interest, false records and harassment, along with the corresponding penalties and prosecution procedures. Practical commentary is supported by case law, guiding readers through real-world application of the Act in disputes over illegal money lending, mortgage or pledge disputes, and recovery proceedings. The book also outlines borrower remedies, rights during inspection, and the powers of investigating officers. Designed for quick reference, the annexures include forms, registers, statutory notices and compliance checklists required under the Rules. This edition serves as both a legal reference and a compliance manual for practitioners, financial authorities and regulated money-lenders.