Section 39. Penalty for doing money-lending without valid licence.
Whoever carries on the business of money-lending without obtaining a valid licence, shall, on conviction, be punished with imprisonment of either description for a term which may extend to five years or with fine which may extend to five lakh rupees or with both.
{
"act_title": "THE ARUNACHAL PRADESH MONEY LENDING (REGULATION) ACT, 2018",
"act_slug": "the-arunachal-pradesh-money-lending-regulation-act-2018",
"section_label": "Section",
"section": {
"number": "39",
"title": "Section 39. Penalty for doing money-lending without valid licence.",
"chapter": null,
"content": "Whoever carries on the business of money-lending without obtaining a valid licence, shall, on conviction, be punished with imprisonment of either description for a term which may extend to five years or with fine which may extend to five lakh rupees or with both.",
"footnote": "",
"is_definition": false,
"sort_order": 2020
},
"prev_section": "38",
"next_section": "40"
}
