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[Cites 0, Cited by 0] [Section 7A] [Entire Act]

State of Karnataka - Subsection

Section 7A(2) in The Karnataka Money-Lenders Act, 1961

(2)Every licensee specified in column (2) of the Table below shall, in the prescribed manner, deposit in the Government Treasury the amount specified in the corresponding entry in column (3) of the said Table by way of security for the due observance of the conditions of the licence.TABLE
1 2 3
1 A licensee who invests less than one lakh rupees in a year Five thousand rupees
2 A licensee who invests one lakh rupees and above and less than five lakh rupees in a year Ten thousand rupees
3 A licensee who invests five lakh rupees and above but less than ten lakh rupees in a year Twenty-five thousand rupees
4 A licensee who invests ten lakh rupees and above in a year Fifty thousand rupees