(1) An inspection fee shall, in addition to the licence fee leviable under section 5, be levied on a money-lender applying for a renewal of a licence at the rate of one per cent. of the maximum capital utilized by him during the period of licence sought to be renewed or 1[fifty thousand rupees, whichever is less].
(2) An application for renewal of a licence shall not be allowed unless the inspection fees under sub-section (1) is paid.
Explanation.- For the purposes of this section, "maximum capital" means the highest total amount of the capital sum which may remain invested in the money-lending business on any day during the period of licence.
(2) An application for renewal of a licence shall not be allowed unless the inspection fees under sub-section (1) is paid.
Explanation.- For the purposes of this section, "maximum capital" means the highest total amount of the capital sum which may remain invested in the money-lending business on any day during the period of licence.
1 These words were substituted for the words "rupees one hundred, whichever is more" by Mah. 23 of 2014, s.5.