The Kerala Government went a step ahead in curbing the illegal activities of Money Lenders who claims exorbitant interest and creating chaos by coercion.
The new piece of legislation which came into to existence by way of an ORDINANCE, namely KERALA PROHIBITION OF CHARGING EXORBITANT INTEREST ORDINANCE 2012. Obviously,may become a great relief to many who happen to be in trouble due to the illegal acts of Money Lenders.
The full text of the ordinance is available at
http://www.sherrylegal.com/articles/7/KERALA%20PROHIBITION%20OF%20CHARGING%20EXORBITANT%20INTEREST%20ORDINANCE%202012.pdf
The new piece of legislation which came into to existence by way of an ORDINANCE, namely KERALA PROHIBITION OF CHARGING EXORBITANT INTEREST ORDINANCE 2012. Obviously,may become a great relief to many who happen to be in trouble due to the illegal acts of Money Lenders.
The full text of the ordinance is available at
http://www.sherrylegal.com/articles/7/KERALA%20PROHIBITION%20OF%20CHARGING%20EXORBITANT%20INTEREST%20ORDINANCE%202012.pdf
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