Amendment status not verified — confirm the current text below against the official source.
Penalty non-compliance with the provi- ions of section 3 N 886 PUNJAB REGULATION OF (1030 : Pb. Act I. ACCOUNTS . the course of business for the purposes of section ‘.‘::pih:ginn Evidence Act, 1872, and copies of such entrieg certified in such manner as may be prescribed shall he admissible in evidence for any purpose in the same manaer and to the same extent as the original entries. Explanation.—A person to whom a statement of ac. count has been sent under clause (b) of sub-section (1) shall not be bound to acknowledge or deny its correctness and his failure to protest shall not, by itself, be deemed tq be an admission of correctness of the account. 4 Notwithstanding anything contained in any other enactment in force for the time being— (a) in any suit or proceeding relating to a loan the court shall, before deciding the claim on the merits, frame and decide the issue, whether the creditor has complied with the provisions of clauses (a) and (b) of sub-section (1) of section 3 ; (b) if the court finds that the provisions of clause (a) of sub-section (1) of section 3 have not been complied with by the creditor, the court shall, if the plaintiff’s claim is established in whole or in part, disallow the whole or a por- tion of the interest found due, as may seem reasonable to the court in the circumstances of the case and shall disallow costs ; (c) if the court finds that the provisions of clause (b) of sub-section (1) of section 3 have not been complied with by the creditor, the court shal in computing the amount of interest dpe upon the loan exclude every period for which the creditor omitted duly to furnish the account &; required by clause (b) of sub-section (1) © section 3 : provided that if the creditor has after the time prescribed in that clause furnish- ed the account and the plaintiff satisfies the court that he had sufficient cause for ot f“;: nishing it earlier, the court may, nothth§tanor ing such omission, include any such pgflOdthe periods for the purpose of computing interest. 1930 : Pb. Act 1.] PUNJAB REGULATION OF 887 ACCOUNTS Ezplanation.—A person who hag kept his account and sent his six-monthly statements of accounts in the form and manner prescribed in clauses (a) and (b) of sub-section (1) of section 3 shall be held to have com- plied with the provisions of these clauses, in spite of errors and omissions, if the court finds that the errors and omissions are accidental and not material and that accounts have been kept in good faith with the inten- tion of complying with the provisions of these clauses.