Amendment status not verified — confirm the current text below against the official source.
1964 1 The Rajasthan Money Lenders Act, 1963 (1) For the existing section 40, the following shall be substituted, namely:- “40. Penalty for contravention of section 5, sub-sections (1), (2), (3) of section 22, sections 23, 30 and 37.- Whoever fails to comply with, or acts in contravention of, any provision contained in section 5, sub-sections (1), (2), (3) of section 22, sections 23, 30 and 37 shall be liable- (a) for the first contravention, to a penalty which may extend to twenty-five thousand rupees, subject to rules as may be prescribed, (b) for the second or subsequent contravention, to a penalty which may extend to fifty thousand rupees, subject to rules as may be prescribed.”. (2) The existing section 42 shall be substituted by the following, namely:- “42. Cognizance of certain offence.-No court shall take cognizance of an offence under this Act except on a complaint made by the Registrar.”. (3) In section 43,- (i) in the existing second column of the table of sub-section (1), the figure “40” wherever occurred, shall be deleted; (ii) the existing sub-section (2) shall be substituted by the following, namely:- “(2) The Registrar may, either before or after the institution of proceedings for the offence punishable under sub-section (4) or sub-section (5) of section 22, section 29, section 38 and section 39, accept amount from any person charged with such offence by way of composition of the offence committed.”.