Delhi , ;' . . ·_, .

1 · -Throughout the Ac:;—

2 · IK sectiga 1—

10 · f 193) d i as defined in the Banking Regula-

1 · f institution notified by the

4 · -In section 4 , the proviso shall be omitted .

5 · -In sub-clause (lit) of clause

7 · -In section 10 . lor clause (b) oi sub-section (5) , the following clause shall fat substituted , namely:—

1956 · (1 (

3 · . In section 26 , for the words "registration

9 · -The Explanation to section 36 shall be omitieo .

10 · -Section 38 shall be omitted .

11 · . Sub-section (4) shall be omitted .

12 · . Section 40 shall be omitted .

1 · . Short title , extent and commencement—(1) This Act may be called the Bombay Money-Lenders Act , 1946 -

2 · . Definitions—In this Act , unless there is anything repugnant in the subject or context. —

10 · f 19 company

1 · f hki notified by the Central Government under y

51 · g

3 · Ch g

0 · ha s hi " o r : ' " . 5 .. . ::."· . . t e

3 · . Appointment of Registrar General , Registrars and Assistant Registrars— The Administrator may . by notification in the Official Gazette , appoint such persons . whether public officers or not as it thinks proper , to be a Registrar General , Registrars and Assistant Registrars of money-ienders for the purposes of this Act and may define the areas Avithin which each such officer shall exercise his powers and perform his duties .

6 · -_. . Registrar's power to caned licences.—(1") The Registrar may . during the term of any licence , cancel the same hy an order in writing on the ground that the person 1c- ?,tora it was granted has been guilty of any act or conduct for which he Sight under section 8 have refused him the grant or the licence and which act OT"conduct was not brought to his notice at the time of the grant .

9A · . Levy of Inspection fee.—(1) An inspection fee shall in addition to the licence fee leviable under section 6 be levied from a money-lender applying for a renewal of a licence at the rate specified in the Schedule on the basis of the maximum capital utilised by him during the period of the licence sought to be renewed .

10 · -Stay of suits by money-lenders not holding iiceaci;.—(1> After the expiry of six months from the date on which this Act com^s into force , no Court shall pass a decree in favour of a money-lenderin any suit filed by a money-lender to which this Act applies unless the Court is satisfied that at the time when the loan or any part thereof to which the suit relates was advanced , the money-lender held a valid licence -

7 · Grant of Licence and entry in the resister.—(1) On the receipt of any application under section 6 and after making a summary inquiry in accordance with th< oreseribed procedure , the Assistant Registrar shall forward the application , to«ethV' : with his reoort to the Registrar . The Registrar may after making such further inquiry , if an^ . as he deems fit grant the applicant a bcence m such form and subject to such conditions as rnav be prescribed , and rlireet the Assistant Registrar~to enter the name o£ such applicant in the register maintained by him under section 4 .

8 · . Refusal of issue of licence.—(1) The grant of licence shall not be refused except.on any of the following grounds:—

6 · Person debarred from doing; business tlnrin"neriod nf ™di»i>d^ d^ _ -T la km of licence A person wl/se Ece«« &™Sr5jJ52fS^£SSf t accordance with the provisions of this Act shall , during the period ofSSS ™

19 · . Deliverv of statement of accounts and copies

1 · (

28 · Debtor not hound to admit correctness of accounts.—A debtor to ^ h ° m f statement of accounts or a pass

21 · Pi'occ-'lute of Court ill suit regarding " loans-—-Notwithstanding a8y#ring contained in any law IQT the time beinc in force , in any suit to which this Act applies—

22 · Previsions of certain sections not to apply to loans made by company or unincorporated body exempted by Government.—Nothing in sections 18 to 2 * snail apply to loans advanced by any , company or unincorporated bony which ttte Administrator may by notification in the Official Gazette exempt from the operation of those sections .

24 · Power of Court to direct payment

1 · instalments-— py

1908 · <o of190B< the Court may

25 · -Limitation on rates of interest.—(1) The Administrator may from time to time bv notification in the Official Gazette fix the maximum rates ol interest for any local area or class of business of money-lending in respect of secured , and unsecured loans -

20 · Dclitcr not uound io admit correctness of accounts.—A debtor to whom a statement of accounts or a pass

23 · Power of Court to limit interest recoverable in certain cases.—Notwith -standing anything contained in any agreement or any law for the time being in force no Court shall iti resuect of any loan whether aavanced before or after tne date "'on which this Act comes into force , decree , on account , of latere* , a sum greater than the principal of the loan due on the date of the decree .

24 · Power of Court to direct payment

25 · -Limitation on rates of interest.—(1) The Administrator may from time to time bv notification in the Official Gazette fix the maximum rates of interest for any local area or class of business of money-lending m respect of secured and unsecured loans -

2 · to be gl eu as security

27 · . Kotice ftlifi hiiormatlon to be given

29 · -Eeopeniufr

27 · . Srifiee an3 b:forinai;o:i to be given

23 · . Application

29 · -Reopening

3j · , i.e»osiL in Court of money

32 · . Entry

33 · . Penalty

35 · -Offences By corporations

36 · . Arrest and imprisonment

3 · i shall be arrested or p

37 · . Every

39 · . Rules. — (11

34 · . General provision

35 · . Offences by corporations

18 · offence g

18 · . or p

37 · -Every

3D · . Rules.—(1