Q: Discuss Section 39 of Maharashtra Money-Lending (Regulation) Act, 2014 ?

Ans: As per Maharashtra Money-Lending (Regulation) Act 2014:
Section 39: Whoever carries on the business of money-lending without obtaining a valid licence, shall, on conviction, be punished with imprisonment of either description for a term which may extend to five years or with fine which may extend to fifty thousand rupees or with both.
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