Bare ActsThe KARNATAKA MONEY-LENDERS ACT, 1961

Section 9

Registrar’s power to cancel licences

Amendment status not verified — confirm the current text below against the official source.

Registrar’s power to cancel licences.— (1) The Registrar may, during the term of any licence, cancel the same by an order in writing on the ground that the person to whom it was granted has been guilty of any act or conduct for which he might under section 8 have refused him the grant of the licence and which act or conduct was not brought to his notice at the time of the grant of licence. (2) Before cancelling a licence under sub-section (1), the Registrar shall give notice in writing to the licensee and may hold such inquiry as may be necessary. (3) An appeal shall lie from an order of the Registrar cancelling a licence under sub- section (1), to the Registrar General whose decision thereon shall be final. 1[9A. Repayment of Security Deposit.— Where a licence has been cancelled by the Registrar, he shall by order in writing refund the security deposit paid but not forfeited under section 7B, to the person whose licence has been so cancelled.]1

Section 9 – The KARNATAKA MONEY-LENDERS ACT, 1961 | DailyLaw.ai