Bare ActsThe Tamil Nadu Pawn Brokers Act, 1943

Section 2

Amendment status not verified — confirm the current text below against the official source.

In this Act, unless there is anything repugnant in the subject or context- (1) " City of Madras " includes all places within the local limits of the ordinary original jurisdiction of the High Court of Judicature at Madras ; (2) '' company " means a company- (a) registered under any of the enactments relating to companies for the time being in force "[in India or] in the United Kingdom or in any of the British Dominions, or in any of the Colonies or Dependencies of the United Kingdom, '[ -1 ; or (b) incorporated by an Act of Parliament 6[of the United Kingdom] or by Royal Charter or Letters Patent or by any Orcentral Act] ; This word was substituted for the word "Provincial " by the Adaptation Order of 1950. 2 This expression was substituted for the expression "State of Madras" by the Tarn11 Nadu Adaptation of Laws Order, 1969, as amended by the Tam11 Nadu Adaptation of Laws (Second Arnend- ment) Order, 1969. * These words were substituted by scction 4 of, and the Third Schedule to, the Tamil Nadu Repealing and Amending Act, 1957 (Tamil Nadu Act XXV of 1957) for the words "in any State or", which were inserted by the Adaptnt~on (Amendment) Order of 1950. 4 The word, "or in British India, or in any State in India " were omitted by the Adaptat~on (Amendment) Order of 1950. These words were inserted by [bid. a These words were substituted for the words "Act of the In- Legislature " by lbld * Section 1 came into force on the 23rd Novenlbcr 1943 and the renlaining sections applied to certain portions of the State by notificat~ons issued from time to time. ' A . -&.a- *> <'"-.' '' / . * , ~ + 1943: T.N. Act BUlIj ~~wnbrokers 899 (3) " co-operative society " means a society i Madras registered or deemed to be registered under the Madras $52y of Co-operative Societies Act, 1932'; [(3-A) Inspector ' meagan Inspector appoin, . b ted under sub-section (1) of section 10-B ;] (4) " interest " does not include any sum law- fully charged in accordance with the provisions of this Act by a pawnbroker for or on account of charges, but save as aforesaid, includes any amount, by what- soever name called, in excess of the principal, paid or payable to a paknbroker in consideration of or otherwise in respect of a loan ; (5) " loan" means an advance of money or in kind at interest, and includes any transaction which the Court finds in substance to amount to such an advance, but does not include- (i) a deposit of money or other property in a Government Post O5ce Savings Bank or in a company or with a co-operative society ; Central (ii) an advance made by a 'panking company Act of as defined in a(section 5 (1) (c) of the Banking Compa-

Section 2 – The Tamil Nadu Pawn Brokers Act, 1943 | DailyLaw.ai