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The Interest Act, 1978

Section 1Short title, extent and commencement

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Section 1: Short title, extent and commencement

1. Short title, extent and commencement

(1)

This Act may be called the Interest Act, 1978.

(2)

It extends to the whole of India except the State of Jammu and Kashmir*.

(3)

It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

Amendment notes (2)
  1. *. Vide Notification No. S.O. 3912 (E), dated 30th October, 2019, this Act is made applicable to the Union territory of Jammu and Kashmir and the Union territory of Ladakh.
  2. . 19th August, 1981, vide notification No. S.O. 657(E), dated 19th August, 1981, see Gazette of India, Extraordinary, Part II, sec. 3(ii).