Amendment status not verified — confirm the current text below against the official source.
( 1 ) The grant of a licence shall not be refused except on any of the following grounds :- ( a ) that the applicant, or any person responsible or proposed to be responsible for the management of his business as a money-lender is disqualified from holding a licence ; (b) that the applicant has not complied with the provisions of this Act or the rules in respect of an application for the grant of a licence ; ( c ) that the applicant has made willful default in complying with or knowingly acted in contravention of any requirement of this Act ; ( d ) that satisfactory evidence has been produced before the District Registrar that the applicant or any person responsible or proposed to be responsible for the management of the business of money-lending has,- (i) knowingly participated in or connived at any fraud or dishonesty in the conduct of or in connection with the business of money-lending ; or ( ii ) been found guilty of an offence under Chapter XVII or sections 465, 477 or 477-A of Chapter XVIII of the Indian Penal Code (45 of 1860). ( 2 ) The District Registrar shall, before refusing a licence under sub-section ( 1 ), give to the applicant a reasonable opportunity of producing evidence, if any, in support of the application and of showing cause why the licence should not be refused ; and record the evidence adduced before him and his reasons for such refusal. ( 3 ) An appeal shall lie from the decision of the District Registrar refusing a licence under sub-section ( 1 ), to the Divisional Registrar, whose decision thereon shall be final. ( 4 ) An appeal against the decision of the District Registrar under sub-section ( 1 ) may be filed within three months from the date of the decision: Provided that, the Divisional Registrar may, for reasons to be recorded, entertain the appeal after the expiry of a period of three months from the date of decision of the District Registrar under sub-section ( 1 ), if he is satisfied that the appellant was prevented, for the reasons beyond his control, from filing the appeal within a period of three months.