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A.P. Scheduled Areas Money Lenders Regulation 1960 (Regulation I of 1960)

The Andhra Pradesh 1(----)Scheduled Areas Money Lenders

Regulation 1960

(Regulation I of 1960)

( Arrangement of Sections)
 
Sections
 
1. Short title, extent and commencement
2. Definitions
3. Money-lender to obtain licence annually
4. Grant and refusal of licences
5. Change of place of business by money-lender
6. Money-lenders to exhibit their name over shops
7. Interest and charges allowed to money-lenders.
8. Pawn-ticket to be given to pawner.
9. Conditions relating to redemption of pledge
10. Money-lender to keep books, give receipts, etc
11. Employment of debt Collectors
12. Appointment of Inspector and their powers.
13. Redemption of pledge
14. Sale of pledge and inspection of sale book
15. Liability of pawn-broker in case of fire etc.
16. Punishment for advancing smaller amount or receiving higher interest than that specified in the accounts or other documents.
17. Cognizance of offences
18. Certain other acts of pawn-brokers to be punishable
19. Certain acts of pawner to be punishable
20. Penalty for molessation or debtor
21. Power to suspend or cancel Licences
22. Publication of order of suspension or cancellation
23. No compensation for suspension or cancellation of licence
24. Penalty for carrying on business without licence.
25. Other penalties
26. Jurisdiction to try offences
  1. Words Andhra Region omitted by Regulation II of 1963
27. Contract not to be void on account of offences
28. Power to make rules
29. Power to remove difficulties.
 
Received the assent of the President of 4 th January, 1960, Published in the Andhra Pradesh Gazette, Extraordinary, part IV-B, Page 9, dated (11 th February, 1960).

A regulation to control the business of Money lending in the Schedule Area in the State of Andhra Pradesh.

To know about above sections click on sections.pdf
 
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