Section 5: Offences
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.
5. Offences
Where a person—
(a) takes out a moneylender’s licence in any name other than in his
true name;
(b) carries on business as a moneylender without being in possession of a valid moneylender’s licence;
(c) being licensed as a moneylender, carries on business in any
name, other than his authorised name, or at any place other than
his authorised address; or
(d) enters into any agreement in the course of his business as a
moneylender with respect to the advance or repayment of
[Issue 1] M66 – 2
Revised Laws of Mauritius
money, or takes any security for money in the course of his
business as a moneylender, otherwise than in his authorised
name,
he shall commit an offence and shall, on conviction, be liable—
(i) in the case of a body corporate, to a fine not exceeding 10,000
rupees and, in the event of a second or subsequent conviction,
to a fine not exceeding 20,000 rupees; and
(ii) in any other case, to a fine not exceeding 2,000 rupees and, in
the event of a second or subsequent conviction, to a fine not
exceeding 2,000 rupees and to imprisonment for a term not exceeding 6 months.
[S. 5 amended by Act 25 of 2000.]