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Repeal. \r\n \r\nSCHEDULE \r\nTEXT \r\n1\r\nTHE \r\n2\r\n[PUNJAB] USURIOUS LOANS ORDINANCE, 1959 \r\n(XVIII of 1959) \r\n[1 April 1959] \r\nAn \r\nOrdinance \r\nto consolidate the law relating to usurious loans in the Province of \r\n3\r\n[the Punjab]. \r\nPreamble.– WHEREAS it is expedient to consolidate the law relating to usurious \r\nloan","quote_sha256":"87c30343bb278c5607c08d3e9602a9df31cbc37cf433988f9231dbbffb1780f1","reader_fragment":"p-0-1796-8b36c941c9cef342","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-0-1796-8b36c941c9cef342","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"}},{"id":"unresolved-97ffbc10894614c60393","source":"punjab-code-3c9818a3a43e9153","title":"Usurious Loans Ordinance, 1959","reason":"No unique full-title and year match in this library","evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":912,"character_end":942,"quote":"Usurious Loans Ordinance, 1959","quote_sha256":"ed1872cfd1abe731dd87950467ca4c814b1866eaac618c137f5eeae3b9795785","reader_fragment":"p-0-1796-8b36c941c9cef342","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-0-1796-8b36c941c9cef342","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"},"context_evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":742,"character_end":1172,"quote":"rnor of West Pakistan is pleased to make and promulgate the following \r\nOrdinance:– \r\n1. Short title and extent .– (1) This Or dinance may be called  the \r\n5\r\n[Punjab] \r\nUsurious Loans Ordinance, 1959. \r\n \r\n6\r\n[(2) It extends to the whole of the Province of \r\n7\r\n[the Punjab] , except the \r\nTribal Areas.] \r\n2. Definitions.– In this Ordinance, unless the context otherwise requires, the \r\nfollowing expressi ons shall have the mea","quote_sha256":"05ac0d2080934d424af0ff5af56db43e8ee77101766dcc173a0ba826425c0407","reader_fragment":"p-0-1796-8b36c941c9cef342","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-0-1796-8b36c941c9cef342","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"}},{"id":"unresolved-db56b376e20ffb7fe9fc","source":"punjab-code-3c9818a3a43e9153","title":"Usury Laws Repeal Act, 1855","reason":"No unique full-title and year match in this library","evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":3547,"character_end":3576,"quote":"Usury \r\nLaws Repeal Act, 1855","quote_sha256":"e7f3597bb4f5b286af4942929d856b0319553b091a263721d421a008a9532fcd","reader_fragment":"p-1796-3581-d64c3cc98e0b1ec6","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-1796-3581-d64c3cc98e0b1ec6","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"},"context_evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":3377,"character_end":3806,"quote":"ineteen Hundred and Eighteen, in respect of any loan made \r\nwhether before or after the said date. \r\n4. Re-opening of transactions .– (1) Notwithstanding anything in the Usury \r\nLaws Repeal Act, 1855\r\n1\r\n, where, in any suit to which this Ordinance applies, whether \r\nheard ex parte or otherwise, the Court has reason to believe– \r\n(a) that the interest is excessive; or \r\n(b) that the transaction was, as between the parties the","quote_sha256":"00c9a06304b501c4649f466e71101451d774e53611272c8bbbb1b7a0a76f5e08","reader_fragment":"p-1796-3581-d64c3cc98e0b1ec6","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-1796-3581-d64c3cc98e0b1ec6","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"}},{"id":"unresolved-01345817566759d93122","source":"punjab-code-3c9818a3a43e9153","title":"State Bank of Pakistan Act, 1956","reason":"No unique full-title and year match in this library","evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":7432,"character_end":7464,"quote":"State Bank of Pakistan Act, 1956","quote_sha256":"77700c46fc42741c930eb93f76d47dd66364439936bc73e09b8f5979bb1d5dbc","reader_fragment":"p-7162-8958-033febd0a8031e22","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-7162-8958-033febd0a8031e22","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"},"context_evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":7262,"character_end":7694,"quote":"secured loans; \r\n Provided that the provisions of this clause shall not apply if the loan \r\nhas been advanced by any bank which is a ‘scheduled bank’ as defined in the \r\nState Bank of Pakistan Act, 1956\r\n1\r\n, or any banking company registered under \r\nthe Companies Act, 1913\r\n2\r\n, \r\n3\r\n[* * *] or any Co-operative Society duly registered \r\nunder any law for the time being in force  \r\n4\r\n[, or any credit institution to be \r\nnotifie","quote_sha256":"5d72537743b798211f6a3f9a8eaea02bf7e5cf46b47d95450692014f12176eca","reader_fragment":"p-7162-8958-033febd0a8031e22","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-7162-8958-033febd0a8031e22","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"}},{"id":"unresolved-52c7690fee1a75751be4","source":"punjab-code-3c9818a3a43e9153","title":"Companies Act, 1913","reason":"No unique full-title and year match in this library","evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":7517,"character_end":7536,"quote":"Companies Act, 1913","quote_sha256":"d3ffb5a2712c1f8d449a1b4c5f42ca9c9d10a39d091b69a2483b9bdacfdd93e8","reader_fragment":"p-7162-8958-033febd0a8031e22","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-7162-8958-033febd0a8031e22","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"},"context_evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":7347,"character_end":7766,"quote":"loan \r\nhas been advanced by any bank which is a ‘scheduled bank’ as defined in the \r\nState Bank of Pakistan Act, 1956\r\n1\r\n, or any banking company registered under \r\nthe Companies Act, 1913\r\n2\r\n, \r\n3\r\n[* * *] or any Co-operative Society duly registered \r\nunder any law for the time being in force  \r\n4\r\n[, or any credit institution to be \r\nnotified by Government in this behalf.] \r\n (3) Whatever be the form of the suit","quote_sha256":"d58910839a104c406924caf44f4aed4dc30b9c0827dc78d694397d7d20bfec7c","reader_fragment":"p-7162-8958-033febd0a8031e22","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-7162-8958-033febd0a8031e22","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"}},{"id":"unresolved-16a4c38241d3896dc035","source":"punjab-code-3c9818a3a43e9153","title":"X The Usurious Loans Act, 1918","reason":"No unique full-title and year match in this library","evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":9782,"character_end":9812,"quote":"X The Usurious Loans Act, 1918","quote_sha256":"63fcdb5314d585a4c540f8279de0730ed8c29bf01a1255e859b3a97aee93131d","reader_fragment":"p-8958-10003-f9ef672e3f9484a1","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-8958-10003-f9ef672e3f9484a1","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"},"context_evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":9612,"character_end":10003,"quote":"\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n                                                           \r\n1IV of 1882. \r\nSCHEDULE \r\nYear No. Short title Extent of \r\nRepeal \r\n1 2 3 4 \r\n1918 X The Usurious Loans Act, 1918. The whole. \r\n1934 VII The Punjab Relief of \r\nIndebtedness Act, 1934. \r\nSections 5 \r\nand 6. \r\n1935 IV The Usurious Loans (North -West \r\nFrontier Province Amendment) \r\nAct, 1935. \r\nThe whole.","quote_sha256":"b9ea859c13e0b7e66c407a0a8441a9703994825ce1f3f85be3e406593c5bed3b","reader_fragment":"p-8958-10003-f9ef672e3f9484a1","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-8958-10003-f9ef672e3f9484a1","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"}},{"id":"unresolved-503fe498678b7fc2e1e1","source":"punjab-code-3c9818a3a43e9153","title":"VII The Punjab Relief of Indebtedness Act, 1934","reason":"No unique full-title and year match in this library","evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":9832,"character_end":9881,"quote":"VII The Punjab Relief of \r\nIndebtedness Act, 1934","quote_sha256":"e76a56b1e0b60e1b719f885c9131b511e434911624ae04bffc7942ebddbb76ef","reader_fragment":"p-8958-10003-f9ef672e3f9484a1","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-8958-10003-f9ef672e3f9484a1","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"},"context_evidence":{"record_id":"punjab-code-3c9818a3a43e9153","text_version_id":"law:punjab-code-3c9818a3a43e9153:sha256:d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","text_sha256":"d46ecb9a0c1739a24485715d0696fdb455966b7a4960a383c18f07ecfc06e745","character_start":9662,"character_end":10003,"quote":"                                   \r\n1IV of 1882. \r\nSCHEDULE \r\nYear No. Short title Extent of \r\nRepeal \r\n1 2 3 4 \r\n1918 X The Usurious Loans Act, 1918. The whole. \r\n1934 VII The Punjab Relief of \r\nIndebtedness Act, 1934. \r\nSections 5 \r\nand 6. \r\n1935 IV The Usurious Loans (North -West \r\nFrontier Province Amendment) \r\nAct, 1935. \r\nThe whole.","quote_sha256":"c1776e42b10e7f5593fe47fc6153d7034a57d5d127f58f27467d4f3f5d5f3b8e","reader_fragment":"p-8958-10003-f9ef672e3f9484a1","reader_url":"/laws/punjab-code-3c9818a3a43e9153#p-8958-10003-f9ef672e3f9484a1","source_url":"https://punjabcode.punjab.gov.pk/en/show_article/UWRcbwE~UGY-"}}]}