Amendment status not verified — confirm the current text below against the official source.
(1) The Govarnlnent or any authority or officer ern- ? - merit of powered by them may, by notification, appoint one or more '. - ~ ~ s p ~ o * s persons to be Inspectb~rs for the purposes of this Act and ? . - '- and powers, their specify in such notification the local limits of their jurisidic- I . tion. (2) Every Inspector shall be deemed to be a public servant within the meaning of section 21 ofthe I~lidian Penal Code (Central Act XIJV of 1860). (3) (ci) '[A District Magistrate, nil Additional District Magistrate or a Sub-Divisional Mag is tratelm %y,on receiving a report from an Inspector that a person carries on without a licence or that a money-lender carries on in. contravention of the provisions of this Act or the conditicn': of the licence granted thereunder tho business of mo~ey-lending at any place within the jurisdiction of such Magistrate, issue a warrant empowering the Illspector to enter such place with such assistants as 1le considers nec.c::s;trqr :i ~d it~spect the books, accounts,recortiq, files, documcn:~, "securi tic.;, ~ai'cs and Vqults] in c,c:h pretnises. On receiving such warrant, the Inspector may Lnter the place al:d inspect the books, accounts, records, file 5 , documents, zrsccsir ities, safes and vaults] in such premiscs and may tnLc to his office for further investigation such books, accounts, records, files 3[r'ocuineo ts an* 1 scc usj ties], as he cr:llsiders necessary : Provided that i S t he Inspector removes froin the premises any books, account c, record 5, files 3[document~ I m __-____ "- 1 -- .-.. -..-11-. *These words were substituted for tile words " A Magistrate of the first class in the Mufassal or a Presidency Mazistrate in the Presidency town " by section S(i) of the Tamil Nadu Money-lenders (Amendment) Act, 1079 iTnn7iI Nadu Act 4l of 1979). 2These words were substituted for thc wards " ssfes, vaults and pledges " by section 5(2) of the Tamil Nadu h'Iconty-lenders (Amend- ment) Act, 1979 (Tamii Nadu Act 41 of 1979). - srhw \LL.rL+~ . j , , ~ ~ : : i ~ : ~ d f;7r i? 2 b v _?r\l'- " ;..3 + - - d c a m z ~ t f i " by =tion 5jlii t c.f 13: fsnaif ImL-i .' : : :.:, -, ::JUCI j (Amendment) Act, 1979 =-'1 XdJu .-w 41 of 1979). -5.- " I - I - - A: 1957 f T.N. Act XXVI] one^-lenders 749 - t \ - and securities] he shall give to the person in charge of the : - - place, a receipt describing the bookc, account!, records, files =[documents and securities] so removed by h ~ m : , ' Provided further f hat within t wentql-four hour of the ' removalof the books,accounts,reoords,flIf :s 2[documents and ..* _ . +,:% A ,+, * > , * ;.:.-:q . +-* securities]from the premises, the Inspector shall either return - . . . .. . if. them to the person from whose custotiy they were removed - . . + - ..%,- .' ..I , 2 or produce thein in t k C i ~ i : of the Magistrate who issued "; +"'I&;' e the warrant. SuchMagistrate may return the books accounts , .?ps .ilk -gq q. records, filesl[documents and sec:uritieslor any of them to . , ..$ . . ;,hs.h a>: 2% the person from whose custody they were removed by the . h . ti *:: e . Inspector, after taking from such person such security irs . . A$a*- . ";%:I; the Magistrate oonsiders necessary for the production of the - - .., ,.. 4 B, . . . books, account;, records, files a[doc~ when required whether by the Inspe or.& pass such other orders as to their just and convenient to the Magistrate. , " . - (b) An inspector shall have autlto - person whose testimony he-may require or any 'money lending businegs, to atten pr6duce or cause to be produced any-document and. t examine'such person on oath, * I . . < .. . I & - . ' (4) : ~n inspector may apply fol assi in-~hi~~@ of a police station and ta , accospany and assist the- Inspector in perfor duties under this Act. % * * , . . 1 [ 1 0 - ~ No money-lender, whether licence . shall take from a debtor or an intending borrowe promib. to pay,acknowledgment, power of attor security or other document ' which does not stat am;O~fit 4f the loan, the, rate o f interest time, if any, within which the'principal i repaid in full, or which states any of incorrectly, nor shall he take fro intending borrowcr any doc~ment left blank for compretion at a later date. -I iThese wards were substituted for the words "and documentsw i ., by section 5[iii] of the Tamil Nadu Money-lenders (Amendment) ., A C ~ , 1979 (Tamil Nadu Act 4 1 of 14791. t This sect ion was inserted 'by section 6 of the Tamil Nadu / ~oney-lenders (Amendment) Act, 1979 Uamil Nads Act ,4 1 of - 191 3)- 5 . : - . *3,' .v p ". '! , .: .+. -* I'i" & - .