Amendment status not verified — confirm the current text below against the official source.
(1) Every n;uplication for a alonoy-lc~lder's licence refusal of shall be la writing and shall be made to the licensing licence* authority presa-ibcd under this Act : Provided that a person under the age of eighteen years shall be eligible to apply for n iicclxe oi~ly through a guardian : Provided rurther that if any parson acting as a guardian on behnlf of a minor applies for, and obtains, a licence under this Act, such guardian shall be subject to all the provisions of this Act as if the liccnce has bee11 granted to hiinsel!' (2) Every licence shall bq g~antcd in such form and subject to such conditions as rnay bt. prescribed including conditions as to payment of licence fees not exceeding one hundred rupees. (3) The licensing authority may by ordcr in writing refuse to grant a licence if such authority is satisfied- (a) that the applicant has not conlplied with the provisions of this Act or the ruIes made thereunder in respect of an ajlplication for the grant of a licence; or (b) that thc applicant has ~nade wilful default in complying with or knowingly actcd in contravention of any requirement of this Act ; or . , (c) that the applicant has- (i) knowingly participated in or connived at any fraud or dishonesty in the wnduct of or in connexion with the business of money-lending ; or, (ii) been found guilty of an offence under Chapter XVII or Chapter. XVIII of the Indian Penal - Code (Central Act XLV of 1860) ; or (iii) been found guilty of an oEt?ncc [under section 10-A or section I I] or section 13 c i ~ t~vo or more occasions ; or (d) that thc applicant hn.; 1 hi.; licence can- celled within sir rnollths before tjiz dati: or application -.-- .-" - - - ----- -^ -1 * ---. ---.--. '$is expression wits substituted for ihe enpression "under se tio n 11" by section 3 of the Tamil Nadu Money-lenders (Amend- mcent) Act, 1979 (T mi: Nadu Act 41 of 1970). 746 Mun y-tevders 11957: T.N, Act XXVI (2) A muncy-lsndcr may deinand altd take from the debtor such charges and in such cases, as may be pres- (3) A money-lsnder shall not dclnand or take from 'the debtor any interest, profit or other sum what SO- ever in excess of that payable under sut-section (1). ewer to