268 DR. BABASAHEB AMBEDKAR : WRITINGS AND SPEECHES
(2) On receipt of an application for the grant of certificate, the Officer shall post up a complete copy of the application in a conspicuous place in his office and shall take no proceedings thereon for fifteen days from the date of such exhibition.
(3) Any person shall be entitled to oppose the grant of a certificate to the applicant and in case the application is opposed, the Officer shall be bound to hold an inquiry and either grant or reject it.
(4) Nothing in this section shall limit the power of the Officer to reject the application even though it is not opposed.
Grounds for refusing certificate.
10. A certificate shall not be refused except on one or more of the following grounds
(i) that satisfactory evidence has not been produced of the good character of the applicant,
(ii) that satisfactory evidence has been produced that the applicant, or any person responsible or proposed to be responsible for the management of his business as a money-lender is not a fit and proper person to hold a certificate,
(iii) that the applicant, or any person responsible or proposed to be responsible for the management of his business as a money-lender, is by order of a Court disqualified for holding the license,
(iv) that the applicant has not complied with the provisions of any rules made under this Act with respect to an application for a certificate.
Recording of reasons for refusal.
- When any authority who has power to grant a certificate refuses to do so it shall record its reasons in writing for such refusal.