Amendment status not verified — confirm the current text below against the official source.
(1) Where a borrower has sent to a money- ~, do• to mooer· lender by postal moMy-order or bv 1·egislorcd lender. post with acknowledgment due ;ny tzum of money due from him to the mo~1ey-lc0Jer in res- pect of a loan and the money-lender has i·oru~Pd to accept the same, the borrowet• ma.y apply in the prescribed manner to the lowe t Ci, U ConrL having jurirdiction over the place whore he resides for poi mission to deposit the aa itl e:nm in Court to the account of the money-lender, :~ml the Court shall thereupon kc:ep L11111 sum in dopoi;it and shall send a notice of the , cfoposit in the prescribed manner to the money-lender. '&tltrlctlon1 on moo•:r·lendiog tldnrllsemeou. (2) If the money-lender accepts money sent in the manner spe1·ified in sub-section (1) by a borrower or withdraws money deposited under the said sub-section, he shall not be bound by any statement made by the borrower in remitting or depositing the money. 11.(1) No person shall knowingly send or deliver or cauee to be sent or delirnrcd to any person except in response to his writtt>n request any circular or other document :•dvertising t..he name or address or a. money-Jender, or 1·ontaining an invitation- (a) to borrow money from a money-lender; or ,_.- .r ,,... . (b) to enter into any transaction involving the borrowing of money from a monoy- lender; or (c) to apply to any place with a view to obtaining information or advice as to borrowing any money from a. money lenJer. A~ ~ • 011nueaor~ 1nvft· (2) No money-lender or any person on his be- ing borrowol'e h l f h ]) 1 f h must not bo a s a emp oy any agent or canvasser or t e employed by f · · · b money·lmilm. purpose o lllYttmg any person to orrow money or to enter into any transaction involving the botrQwing of money from a money-lender, and no person shall act a.s snch agent or canvasser or demand or receive directly or indirectly any sum or other valuable consideration by way of com- mission or otherwise for introducing or under- taking to introduce to a. money-lender any person desiring to borrow money. Pooalty. (3) Any rerson acting in contravention of any of the provisions of this section shall in respect of each offence be liable, on conviction to imprison- ment for a term not exceeding three months or a fine not exceeding three hundred rupees or both. Chll olfcots ol (4) Whore it is shown that a. money-l~n<ling contr.vc01 Ion. • h b b · transaction was broug t a out y a contravention of any of the provisions of this section, the trans· action shall be illegal, unless the money-lender proves that the oontra.vention occurred without his consent or connivance. PeMlty\naRst