Amendment status not verified — confirm the current text below against the official source.
In section 14 of the Tamil Nadu Money-lenders Amendment 01 Act, 1957 (Tamil Nadu Act XXVI of 1357) (hereinafter section 14s referred to as the principal Act),-- Tami 1 Nadu Act XXVI of 1957, (4) in the marginal heading, for the words " caqcel 1 licences " ,the words " cancel or suspend licences " shall be substituted ; (b) after snb-sectioll (2), the followin 2 sub-section shall be inserted, namely :- " (2-A) Notwithstailding anything co~tained in sub-section (1) or sub-section (2), where in ihe opinion of the licensing authority any licence grant~d urlder this Act is liable to be cancelled under sub-section (I), tbe licensingauthoritj ma), 2~2Ci:,~ sancellat ion of :he 1 ioence under sub-section (1) and for reasons to be recorded in writing, suspend itny licence granted under this Act and in such a case, nc show cause notice is necessary.". --- * For Statement of Objects and Reasons, see Tamil Nnrlu Government Gaz~rte Extraordinary, dated he 6th September 1982, Part IV-Seclion 1 , page 432. 125-1257 [I982 : T.N. Act S -@f 30 In section 15 of the principal Act: - wioa 15, Tamil Nadu Act XmI of 1957. (I) in the marginal heading, after tile word c6 cau~lla- 6 6 :ion "3 the w@rds Or suspension " shall be added ; (c) after the word " cancdation ", t h words c6 or S~sPension " shall 'be inserted. \mendmen t