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Contents
THE KERALA MONEY-LENDERS ACT, 1958 1 (Act 35 of 1958) An ACT to provide for the regulation and control of the business of money-lenders in the State of Kerala Preamble:.― WHEREAS, it is expedient to provide for the regulation and control of the business of money-lenders in the State of Kerala; BE it enacted in the Ninth Year of the Republic of India as follows:― 1. Short title, extent and commencement.―
2. Definitions.―In this Act, unless the context otherwise requires―
3. Money-lender to obtain licence.―
4. Grant and refusal of licenses.―
5. Change of place of business by money-lender.―
[27]. [“6. Money-lenders to exhibit their names over shops.―
7. Interest and charges allowed to money-lenders.―
8. Power to deposit in Court money due on loan.―
9. Money-lender to keep books, give receipts etc.―
[33]. [“9A. Pawn –ticket to be given to the pawner.―
9B. Person producing pawn-ticket presumed to be entitled to redeem the pledge.―
9C. Protection of owners and of pawners not having pawn-tickets.―
9D. Pawnbrokers to keep books, give receipts, etc.―
9E. Redemption of pledge.―
9F. Sale of pledge and inspection of sale book.―
9G. Liability of pawnbroker in case of theft or fire.―
9H. Compensation for depreciation of pledge.―
[37]. [“9 I. Audit of accounts of money-lender.―
10. Appointment of Inspectors and their powers.―
[39][“10A. Power to order production of accounts and powers of entry and inspection.―
10B. Power to summon witnesses and cause production of documents.―
11. Money-lender advancing smaller amount or securing higher interest than that specified in the accounts, etc., to be punishable.―
[40]. [“11A. Power to demand additional security.―
[41] [“12. Cognizance of offences.―
13. Penalty for molestation of debtor.―
14. Power to cancel licence, etc.―
15. Publication of order of cancellation.―
16. No refund of licence fee when licence cancelled.―
[45]. [“16A. Forfeiture of security.―
[46]. [“16B. Appeals.―
[50]. [“16 C. Fees for filling Interlocutory Applications.―
[51]. [“17. Penalty for carrying on business without licence or in violation of the conditions of licence.―
18. Penalties.―
[52]. [“18A. Certain acts of pawnbrokers to be punishable.―
18B. Certain acts of pawners to be punishable.―
[54] [“18C. Imposition of penalty by Officers and Authorities.―
18D. Penalty for collection of interest in excess of the rate prescribed under section 7.―
18E. Composition of offences.―
18F. Payment and recovery of penalty.―
18G. Liabilities of the money-lender for acts committed by his agents or employees.―
18H. Security from the employees.―
19. Transfer of licence to heir.―
20. Contracts not to be void on account of offence.―
[60]. [“20A. Power of revision by the Government.―
[66].[“20AA. Persons entitled to appear before authorities.―
20B. Court not to set aside or modify orders.―
20C. Bar of certain proceedings.―
21. Power to make rules.―
[67] [“22. Repeal.―
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