Refusal to grant licence. -
(1)
The grant of a licence shall not be refused except on one or more of the following grounds, namely:-(a)
that the applicant has not complied with the provisions of the Act or of the rules made thereunder in respect of an application for the grant of a licence;(b)
that the applicant or any person responsible or proposed to be responsible for the management of the applicants money-lending business is under this Act disqualified for holding a licence.(2)
A Sub-Registrar refusing a licence-(i)
under clause (a) of sub-section (1) shall record his reasons of such refusal;(ii)
under clause (b) of sub-section (1) shall record the evidence of the disqualification.(3)
An appeal from the orders of a Sub-Registrar refusing a licence shall, if made within thirty days from the date of such order, lie to a Registrar authorised under section 6 to hear such appeal.(4)
A Registrar referred to in sub-section (3) may decide, if such appeal is allowed, as to the Sub-Registrar to whom application for a licence shall be made and his decision shall, subject to the provisions of sub-section (5), be final for all purposes, and shall be binding on such Sub-Registrar whether he be under the control of such Registrar or not.(5)
A Competent Court may, on application made within ninety days from the date of the decision of the Registrar in appeal under sub-section (3), revise such decision.(6)
The procedure to be followed by a Competent Court or by a Registrar in proceedings under this section shall be in accordance with rules prescribed under this Act.(7)
The provisions of sections 4, 5 and 12 of the Indian Limitation Act, 1908, shall apply to all appeals and applications for revision made under this section, and for the purposes of the said sections a Registrar shall be deemed to be a Court.Previous
Sec 15 — Proof of conviction or order for disqualification
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Sec 17 — Cancellation of licence by a Sub-Registrar
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