Section 25: Authorised officers

25. Authorised officers (1) The Minister may designate any public officer to be an authorised officer for the purpose of ensuring compliance with this Act. (2) — [S. 25 amended by Act 1 of 1995.] H5 – 15 [Issue 1] Hire Purchase and Credit Sale Act FIRST SCHEDULE [Sections 2, 3 and 4] PART I – HIRE PURCHASE AGREEMENT Minimum down payment Maximum repayment period 0 % of cash price 30 months PART II – CREDIT SALE AGREEMENT Minimum down payment Maximum repayment period 50% of cash price 12 months [First Sch. amended by GN 111 of 2000.] SECOND SCHEDULE [Section 4] FORM OF DEED OF HIRE PURCHASE AGREEMENT PART I – DECLARATION AND AGREEMENT Hire Purchase Agreement made in triplicate this ....... day of ................................ Between: ........................... whose registered office is situated at .................................... [the “dealer”, which expression shall include the dealer’s successors and assigns] and ........................................................ of .................................................. ............................................... [the “hirer”]. Whereby— (i) The dealer agrees to let and grant hire purchase facilities to the hirer in respect of the goods specified in Part II of the present Agreement. (ii) The hirer shall have and enjoy quiet possession of the goods. (iii) The dealer shall pass the property of the goods to the hirer upon payment of the last instalment or upon payment of any balance of the chargeable price due before the last instalment. (iv) The hirer, having inspected the goods and being satisfied that a label has been displayed with the goods showing the particulars of Part II of the present Agreement, undertakes to effect the down payment and pay the monthly instalment as specified in Part II of the present Agreement. (v) The dealer confirms that— (a) the price of the goods specified in Part II of the Agreement is the cash price of the goods at the time the Agreement is signed by the hirer; and (b) the figures mentioned in Part II of the Agreement are true and correct and their computation have been carried out in accordance with the provisions of the Act. Further, the dealer and the hirer declare and agree that any right acquired by both parties under sections 5, 9 and 11 of the Act shall be safeguarded. [Issue 1] H5 – 16 Revised Laws of Mauritius SECOND SCHEDULE—continued PART II – COMPUTATION OF CHARGES AND HIRE PURCHASE PRICE (a) Particulars of goods ................................................................................ (b) Quantity ................................................................................................ (c) Cash price per unit: Rs ............................................................................ (d) Total cash price: Rs ................................................................................. (e) Less down payment: Rs ........................................................................... (f) Chargeable Price: Rs ................................................................................ (g) Percentage of charges ............................................................................. (i) Annual Percentage Rate .................................................................... (ii) Monthly Flat Rate ............................................................................. (h) Total Charges ......................................................................................... (i) Hire purchas .......................................................................... (g) Percentage of charges ............................................................................. (i) Annual Percentage Rate .................................................................... (ii) Monthly Flat Rate ............................................................................. (h) Total Charges ......................................................................................... (i) Hire purchase price: Rs ............................................................................ [(d)+(h)] (j) Less down payment: Rs ........................................................................... [as at (e)] (k) Balance due: Rs ...................................................................................... (l) No. of instalments ................................................................................... [payable over period not exceeding 30 months] (m) Monthly instalment: Rs ............................................................................ [Part I amended by GN 111of 2000.] PART III – CONTRACT OF GUARANTEE HERETO INTERVENES Mr. ................................................................................................................ [the “Guarantor”] who, having taken cognisance of the foregoing, hereby guarantees jointly and in solido, (‘conjointement et solidairement’) with the eventual hirer, under renunciation of ‘bénéfices de division et de discussion’ as though he was personally liable, the execution, performance and observance by the eventual hirer of all the terms and conditions embodied in the present agreement. Signature of Guarantor ....................... ID No. .............................................. Home Address .................................. Tel No. ............................................. Occupation ....................................... Tel No. ............................................. Office Address .................................. Tel No. ............................................. PART IV – RATIFICATION I, ................................................... hereby certify that before entering into this Agreement, I have been allowed to inspect the goods and I am satisfied that a label in accordance with section 4(1) (a) of the Act was displayed with the goods. I understand the contents of this Agreement and agree that the dealer has handed over to me an original of same. Signature of hirer ............................................................................................ H5 – 17 [Issue 1] Hire Purchase and Credit Sale Act SECOND SCHEDULE—continued Drawn up by consent of parties in 3 originals at .................................................. ...................................................................................................................... (address of dealer) this .................................... day of ................................................................. Signature of dealer .......................................................................................... Signature of buyer ........................................................................................... Signature of guarantor ..................................................................................... THIRD SCHEDULE [Section 4] FORM OF DEED OF CREDIT SALE AGREEMENT PART I – DECLARATION AND AGREEMENT Credit Sale Agreement made in triplicat ............................. Signature of dealer .......................................................................................... Signature of buyer ........................................................................................... Signature of guarantor ..................................................................................... THIRD SCHEDULE [Section 4] FORM OF DEED OF CREDIT SALE AGREEMENT PART I – DECLARATION AND AGREEMENT Credit Sale Agreement made in triplicate this ........... day of ................................ Between: .................................................................................. whose registered office is situatedat ...................................................................................................... [the “dealer” which expression shall include the dealer’s successors and assigns] and .............................................. of ........................................ [the “buyer”]. Whereby— (i) the dealer agrees to grant credit facilities to the buyer in respect of the goods specified in Part II of the Agreement; (ii) the buyer having inspected the goods undertakes to effect the down payment and pay the monthly instalment as specified in Part II of the present Agreement; (iii) ownership of the goods shall pass to the buyer upon settlement of the down payment; (iv) the dealer confirms that— (a) the price of the goods quoted in Part II of the Agreement is the cash price of the goods prior to the signing of the present Agreement; and (b) the figures mentioned in Part II of the Agreement are true and correct and their computation have been carried out in accordance with the provisions of the Act. Further, the dealer and the buyer declare and agree that any right acquired by both parties under sections 5A, 9 and 11A of the Act shall be safeguarded and that the implied conditions specified in section 9 (1) (d) and (2) apply to this Agreement. PART II – COMPUTATION OF CHARGES AND CREDIT PRICE (a) Particulars of goods ................................................................................ (b) Quantity ................................................................................................ [Issue 1] H5 – 18 Revised Laws of Mauritius THIRD SCHEDULE—continued (c) Cash price per unit: Rs ............................................................................ (d) Total cash price: Rs ................................................................................. (e) Less down payment: Rs ........................................................................... [Minimum 50% of cash price] (f) Chargeable price: Rs ................................................................................ (g) Percentage of charges ............................................................................. (i) Annual percentage rate ..................................................................... (ii) Monthly flat rate .............................................................................. (h) Total Charges ......................................................................................... (i) Credit price: Rs ....................................................................................... [(d)+(h)] (j) Less down payment: Rs ........................................................................... [as at (e)] (k) Balance due: Rs ...................................................................................... (l) No o ........................................... (h) Total Charges ......................................................................................... (i) Credit price: Rs ....................................................................................... [(d)+(h)] (j) Less down payment: Rs ........................................................................... [as at (e)] (k) Balance due: Rs ...................................................................................... (l) No of instalments .................................................................................... [payable over period not exceeding 12 months] (m) Monthly instalment: Rs ............................................................................ [Part II amended by Act 26 of 2000; GN 111 of 2000.] PART III – CONTRACT OF GUARANTEE HERETO INTERVENES Mr. ................................................................................................................ [the “Guarantor”] who, having taken cognisance of the foregoing, hereby guarantees jointly and in solido, (‘conjointement et solidairement’) with the eventual buyer, under renunciation of “bénéfices de division et de discussion” as though he was personally liable, the execution, performance and observance by the eventual buyer, of all the terms and conditions embodied in the present agreement. Signature of Guarantor ....................... I.D. No ............................................. Home Address .................................. Tel. No ............................................. Occupation ....................................... Tel. No ............................................. Office Address .................................. Tel No .............................................. PART IV – RATIFICATION I, ................................................... hereby certify that before entering into this Agreement, I have been allowed to inspect the goods and I am satisfied that a label in accordance with section 4(1) (a) of the Act was displayed with the goods. I understand the contents of this Agreement and agree that the dealer has handed over to me an original of same. Signature of buyer ........................................................................................... Drawn up by the consent of parties in 3 originals at ............................................. ...................................................................................................................... (address of dealer) this ............................................. day of ....................................................... ...................................................................................................................... H5 – 19 [Issue 1] Hire Purchase and Credit Sale Act THIRD SCHEDULE—continued Signature of dealer .......................................................................................... Signature of buyer ........................................................................................... Signature of guarantor ..................................................................................... [Part IV amended by Act 1of 1995.] FOURTH SCHEDULE [Section 2] GOODS AND SERVICES ......................................................... Signature of guarantor ..................................................................................... [Part IV amended by Act 1of 1995.] FOURTH SCHEDULE [Section 2] GOODS AND SERVICES