(1) Any Pawn Broker, who actually advances an
amount less than that shown in pawn-ticket or in his
accounts or registers or who takes or receives interest or
any other charge at a rate higher than that shown in the pawn-ticket or in his accounts or registers or allowed under
this Act, shall be punished with imprisonment for a term
which shall not be less than one year but which may extend
to three years and with fine which may extend to rupees fifty
thousand.
(2) If a Pawn Broker is convicted of offence under subsection (1) after having been previously convicted of such offence, the Court convicting him may order his licence as a pawn Broker to be cancelled.
(2) If a Pawn Broker is convicted of offence under subsection (1) after having been previously convicted of such offence, the Court convicting him may order his licence as a pawn Broker to be cancelled.