Amendment status not verified — confirm the current text below against the official source.
( 1 ) An inspection fee shall, in addition to the licence fee leviable under section 5, be levied on a money-lender applying for a renewal of a licence at the rate of one per cent. of the maximum capital utilized by him during the period of licence sought to be renewed or 1 [fifty thousand rupees, whichever is less]. ( 2 ) An application for renewal of a licence shall not be allowed unless the inspection fees under sub-section ( 1 ) is paid. Explanation .- For the purposes of this section, "maximum capital" means the highest total amount of the capital sum which may remain invested in the money-lending business on any day during the period of licence.