Section 336: Pawnbroking and money lending without lawful authority
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
336. Pawnbroking and money lending without lawful authority
Ceux qui auront établi ou tenu Any person who establishes or
des maisons de prêt sur gages ou keeps a house for the lending of
nantissement, sans autorisation léga- money on pledge or pawn, without
le, ou qui se livreront habituellement lawful authority, or who is habitually
à des prêts de cette nature, ou qui, addicted to the making of loans of
ayant une autorisation, ne se seront that description, or who being duly
pas conformés aux conditions et authorised does not comply with the
formalités qui leur auront été impo- conditions and formalities which
sées, seront punis d’une peine have been imposed upon him, shall
d’emprisonnement qui ne pourra ex- be punished by imprisonment for a
céder un an, et d’une amende qui term not exceeding one year and by
n’excèdera pas 50,000 roupies. a fine not exceeding 50,000 rupees.
[S. 336 amended by Act 5 of 1999; s. 8 of Act 36 of 2008 w.e.f. 6 December 2008.]
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Questions this section answers
- What is the penalty for running an unlicensed pawnbroking or money-lending business?