A BILL............MONEY-LENDING 267
in the name of the firm or in the name of the company and where it is carried on in the name of a minor or a person who is otherwise incompetent to contract in the name of such person.
Particulars to be stated in license.
6. (1) The license shall disclose in the case of a firm the names of its partners, in the case of a company the names of the managing agents or managing directors and in the case of a minor or a person incompetent to contract the name of the person or persons responsible for or appointed to carry on the business.
(2) The license shall also state the authorised address in respect of which the license is granted.
Necessity of certificate for license.
7. (1) No person shall be deemed to be entitled for a license unless he holds a certificate (in the Act referred to as certificate) and a license shall not be granted except to a person who holds a certificate granted in accordance with provisions of this Act.
(2) A separate certificate shall be required in respect of every separate license.
Particulars to be stated in certificate.
8. Every certificate granted to a person shall show his true name and the address at which he intends to carry on money-lender’s business irrespective of the question whether he intends to use the certificate for securing a license for himself, or for another, or for himself and another or for a firm or for a company.
Authority competent to grant certificate.
(1) Any Magistrate or other Officer especially invested by Government in this behalf with jurisdiction in the area in which the money-lender’s business is to be carried on, may, on application made in the prescribed form, grant to a person a certificate of eligibility.