The Maharashtra Money-Lending (Regulation) Act, 2014.
Section 4. Money-lender not to carry on business of money-lending except for area under licence and except in accordance with terms of licence.
No money-lender shall carry on the business of money-lending except in the area for which he has been granted a licence and except in accordance with the terms and conditions of such licence.
Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.
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