Amendment status not verified — confirm the current text below against the official source.
(l) Where a complaint ha-s been filed ia a court against a Money- Lender for contavention of any of the provisions of this Act or the rules made thereunder or any inquiry is pending under sub-section (2) ofsection 14 or under sub-section (1) of section 1S against such Money-Lender, the Registrar may suspend the regishation df such Money-Lender until the case is decided by the court or, as the case may be, final order in such inquiry is passed. (2) An appeal, shall lie ftom ttre order of the Registrar suspending registation under sub-section (l) to the Regisfar General, whose decision shall be final. lrjlT,.,_1 la. (l) Any person may file an applicarion to the Regisrar General ["X.*r:T"T for the cancellation of registratiotr issueg to a Money-Lendei on the ground cancellatiotr o1 that such Money-Lender has been gurlty of any act or conduct for which Registrarion. the Registrar may under section 10 reflrse the grant of registration. At the time of fr'ling such applicatioDb the person shall deposit such emount not exceeding rupees five hundred as the Regisbar General may direct. (2) On receipt of such application alongwith deposit, the Registar General shall hold such inquiry as he deems fit and if he is satisfied that the Money-Lender has been guilty of such act or conduct, he may direct the Registrar to cancel the regisnation of such Money-Lender and thereupon the Regisuar shall, by an order in writinE, cancel zuch registration: Provided that no such direction shall be issued without giving to such Money-Lender a reasonable opportunity ofbeing heard. (3) If in the opinion of the Registrar General, an application made under sub-section (1) is frivolous or vexatious, he may, out of the deposit made under sub-section (1), direct to be paid to the Money-Lender such amount as he deems fit as compensation and balatrce amount of deposit to b€ forfeited to the State Government and where no amoutt is directed to be paid to the Money-Lender direct'the whole amount to be forfeited to 2011 : Guj. 14 l The Gujarut Money-Lenders Act, 2011 the State Govemment, and in any other case the Registrar General may on completion of the proceedi:rgs wrder this section, direct the ]vhole amount of ttre deposit to be retumed to the depositor. (4) A Money-Lender whose registration has been cancelled under this section shall be disqualiied for holding registration in the State for such period, not exceeding three years, as the Regishar may direct. (5) Any Money-Lender who is aggrieved by the order of ttre Regishar under this section may file an appeal to the Staje Govemment within a period of sixty days from ttre date of receipt ofsuch order, and the order of the State Government on such appeal shall be fnal and shall not be called in question in any court. 11 f5. (1) Notwithstanding .lu:ytling contained in secrion 14, if the Regishar has rcason to believe with respect to any Money-Lender holding registration for ttre area within his jurisdiction that such Money_Lendei has been guilty of any act or conduct for which the Registar might under section 10 have refused the grant or renewal ofthe registation aad which act or conduct was not brought to the notice at the'time of grant or renewal of such registration, or that such Money-Lender has conkavened any of the provisions ofthis Act a-fter the grant or renewal ofsuch registation and if in the opinion of the Regisbar such contravention makes such Money_Lender unit for carrying on the busines5 of moneyJending, the Regishar may, after holding such inquiry as he deefrs fit and after giving to such Money_iender a reasonable opportunity ofbeing heard, by an order in writing, cancel such registration. Power of Registrar to c{trcel registratio n in certai-n circumstancqs. (2) A Money-Lender whose registation has been cancelled under sub- section (1) shall be disqualified for holding registration in the Staft for such period, not exceeding three years as the Registrar may speciS in the order of cancellation of his registation. (3) A Money-Lender who is aggrieved by the order of the Registrar rnder this section may file an appeal wirhin 2 psriod 6f 5ixty days from the date ofreceipt of such order to the Regishar General, whose decision shall be fual.