A BILL............MONEY-LENDING 269
Appeal against order of refusal.
- Any person aggrieved by an order of refusal to grant a certificate may appeal to the Sessions Judge and the decision of the Sessions Judge in this respect shall be final.
Authority competent to grant license
- Subject to the provisions of this Act any Officer authorised by Government in this behalf may, on application made in the prescribed form and on payment of the prescribed fee, grant to the holder of a certificate, a license.
Duration of license.
14. Every license shall expire on the 31st December in every year.
Fee for license.
- There shall be charged on every money-lender’s license a fee of Rs. 50/- or if the license be taken out not more than six months before the expiration thereof, Rs. 30/-.
Penalty for breach of provisions regarding license.
- Whoever—
(a) takes out a money-lender’s license in any name other than his own name, or
(b) carries on business as a money-lender without having a proper license authorising him to so do, or
(c) being licensed as a money-lender, carried on business as such in any name other than his authorised name, or at any place other than his authorised address, or
(d) enters into an agreement in the course of his business as a money-lender with respect to the advance or repayment of money, or takes any security for money, in the course of his business as a money-lender, otherwise than in his authorised name, shall be punishable with fine of not less than Rs. 100/-.
Provided that on a second or subsequent conviction of any person for an offence under this sub-section the court may, in lieu