Section 4: Licences
consolidated text (as at 2007). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
4. Licences
(1) Every moneylender shall, in respect of every address at which he carries on his business, annually take out a licence in his true name.
(2) Subject to this Act, a moneylender’s licence shall be—
(a) in such form as may be prescribed;
(b) granted on payment of a fee of 20,000 rupees or such other
amount as may be prescribed;
(c) expire on 31 December in the year in which it is granted.
(3) A moneylender’s licence shall state the moneylender’s authorised
name and authorised address and shall be void if it is taken out in any name
other than the moneylender’s name.
[S. 4 amended by Act 25 of 2000; Act 10 of 2002.]