Section 2
Inthis Act,
2. Inthis Act,
the subject or context—
"» 8nap
"Collector" means a Collector of the D
©) "Commissioner" means the Commissioner of the Division in which a money-lender "Commissioner" means the Commissioner of the Division in which a money-lender g Tegisterd, " means a Company regist
money-lender
" means a Company
Lctm terd,
registereq a C
Lctm Lctm aling panies
Kingdom for the time being in force in the to cop.
Unite ies
Kingdom for
cies
there Lctm aling
to cop.
om for the time being in force in the Uniteq or any of the Colonijes or Dependep. he time being in force in the Uniteq or any of the Colonijes or Dependep.
f or in '[any Part A State or Kin
cies State cies State] th dom
or any of the Colonijes or Dependep.
] thereof or in '[any Part A State or Part ¢ or incorporated by an Act of Parliamep; ereof or in '[any Part A State or Part ¢ or incorporated by an Act of Parliamep; Companies to which the Indian Li Companies Act, 1912, applies. Companies to which the Indian
Companies Act, 1912, applies.
means a society regis- 1ons of Co-operative means a society regis- 1ons of Co-operative
=Substit\.ned * fi
g serteq by the A,
=Substit\.ned * fi Lo g s
daptatio, o
Order g s
daptatio, of Laws (Third Amendment) Order, 1951. s
Order, fliess]l ,"d'a" i Legislature" : 0 by ticr of the Adartatic
*Inserteq by the A,
g
"Loan" means an advance whether secured or unsecured of money or in kind at interest and shall include any transaction which the court unsecured of money or in kind at interest and shall include any transaction which the court finds to be in substance a loan, but it shall not include—
(/) an advance in kind made by a landlord to his tenant for the purposes of husbandry; provid- ed the market value of the return does not extenant for the purposes of husbandry; provid- ed the market value of the return does not ex- ceed the market value of the advance as estied the market value of the return does not ex- ceed the market value of the advance as estimated at the time of advance ;
(i7) adeposit of money or other property in = Government Post Office Bank, or any other Bank, or with a company, or with a cooperative society or with any employer as security from his employees ; security from his employees ;
(+) aloan to, or by, or a deposit with any society or association registered under the Societics oan to, or by, or a deposit with any society or association registered under the Societics Registration Act, 1860, gistered under the Societics Registration Act, 1860, or under any other enactment;
(7v) a loan advanced by or to the Central or any ![State] Government o by or to the Central or any ![State] Government or by or to any local body under the authority of the Central Gove
body under or by or to any local
the authority of the Central
] Government; o
or any '[State] Government;
(v) a loan advanced by a bank, a co-operative society or a company whose accounts are subject to audit by a certificated auditor society or a company whose accounts are subject to audit by a certificated auditor under the 2Indian Companies Act, to audit by a certificated audi
under the 2Indian Companies Act, 1913;
(vi) a loan advanced by a trader to a trader, in the regular course of business, in accordance a trader, in the regular course of business, in accordance with trade usage; the regular course
with trade usage;
(vii) an advance made on the basis of a negotiable instrument as defined in the Negotiable Instruments Act, 1881, other than a promisable instrument as defined in the Negotiable Instruments Act, 1881, other than a promissory note.
e
lgso‘Suhstituted for the word *“Provincial” by the Adaptation of Laws Order,
A