A
THE. N . M :,1 A~· 0 NICDB R ISlANDS - CN Y-LfiND~qs
;-\EGULA ''lCN, 19')-)
No.2 of. 19')6
. 'Tied ~5 On ,;:lte 31st ~."I' 1993 ) ..
-, BLISHED BY IJTHQ'1ITY
s
ar: :-!::D BY
The Man~ .er J Govel.'nment 'PrP.'Gs.
Pnrt B13ir
(IN JUNE 1993)
•
•
•
t
..
•
..
THE.N '1A7' AND NICOB, ISL:"'NDS
MO\IEY LENOF.aS .1:::G!JL\.ICN" 19')t=i
No.2 of 19'16
- PrOGluJ:; -I:.C'(! by th~ P.rc;sic.cnt in tho SGvcnth
Y~~r of ~h~ Ro~ub ic of India.
A RGJulr:l.L:i,.cm to I' .,_;ulaf:._J Cln:l control the transactions
of moncy-i I cndin ', in th" Andam;:m and j licQb~r Ls I an s •
• In ex :rcis8 of th'? DO'N~rS conf'or r-oo by r:laus0 (2)
of '1rticl-' ?'1.1 of 'th,? c on s t i.t.u t Lon , th. Pr-si J,:;!\t is
nl aascc to. :-romul_:;qtc? +.ho followin; - o ju Lo t Lon m .-)
by him:-
C 1'ri::a I
PRELIN IN. RY
t ti tl -: ex- (1)
, ;:;Inri commc
nerrt, ,
This Ho .u l a+Lon may h~ c al Lo.: the: Anc man and .
N'i c o bar- lsl;mas Mon_y,lonrt.)rs R(?_;ul'3t.ion, 1-9,)1').
( •... 2 ) It :;xtonr:1s to th,: whole of tho Anr.aman nnd
Ni cobar lsI n':s.
{3) It sh311 como into forc On such1dato as tho
Chief Comrrd s s Lonor- rna, t by no t Lf i.ca t Lon in tho
effici;:il G.,,! z o t to, a~ooint.
initions. 2.
r-)~uir:;s, -
of 1949. (a) 'brlnk' rne an s a b-mk i n: company as dofincd ~ \'
in the B"ln.,in J eomn,.ni;s Act, 19 r9 4Lan
includes tho State: B"nk of Lnr+i. constitu
t~rl undor' t ho Stat~ Bank of Iridi e . ct, 195'il
(b} 'Chief Corrmi.s s i.oncr- r rne.::'\ns th? Ch.i cf Cornmi
s s i.orior' of the An aman an Ni c ob ir- Isl.an(4s;
of .195'3.
7 -of 1'913
(c) "Comr-or ry ' rnc=m s ., com+eny rlS dof Ln s d in !-,h'
Inci sn Comr an Lo s Act, J 9 J 3~ arv ' Lnc Lu do s 8r
comrvmy f orrnor' 1n~ r o jist,:r~ ou t s i do Indi;
of 19.12 (d) 'Co-o';;10r,tiv _ s c i.o+y ' m·.;:ms a co-o~orativ,
sr-c Le t rr; is+: __ r._f. Un': ,I- th;~ C -o:>2rativ€ , '
Socioti0S Act, )9J2, or un< or ~ny othor 1
for +ho t irno b .in.: in f or-co in ~ny St,"lt-' f
t.ho r-o ist.r.:'ltion of c0-o:or.:>.tiv::? soc i.at.Lo s
(v) ~n ?rly-'"\nc~ m"'d'~ to -=l subscriber to, or () 000si tor;t
in~ ~ Pr~vi~6nt Fun~ from thQ ?IDount st~ndins t~
his cr~0.it in th2 Fun in Jccorj?nCG with rul~s - .. 1.
6f th ~ funcl'.
1938.
(vi) ." Lc in tr, or hy -1n Insur enc o com';:'r-my = s (hfinc.?d
in tro Ln s u r aric ~ Act t J 938.
(viii) an ''lGvanc:) m:lr)a r n tm b= s i.s of nC?}otir'!blc
instrumo, t 15 dcf Lnor' in th':' N.>::;otiablo Instru-
],:681 ments Ac t , 881, oth",r t.h-m a ~ ~issory note;
(ix) Fl m";r~~' "'_y ("If ~Cl00 {If!. tr2.·t which
flccom!:,,"Ini Ii by rl bene be in~ int.~rost ox ocu t.cd
in r e s ooc t of tho sU::'T')ly of such cor s on cr?di,t;
(j) 'm0r>G~'-1(2ndGrf m,~?ns a :'Ol'son ottior t han
b"mk-
(i J w C"c""rri's on thO? bu s Iric s s of monoy-lEndino In
• Isl'ln~'s the or /
( .. ) who h.::>s i1 rlr:c0 r:f suc l, ~ ~n ...• s in tr-e Ls.l ancls , va i,
lnclu~ s ~ D~wn-brokcr;
(,:) 'mcn.cv-lc rlin-, business' or "bu s i.n o s s of , , ..
m\'l'cy-L.nrlin I mi:." ns the ru~:_ .f'L s ~ ~f " v vn c i.rvj
Inans (~. t hor- so l o.Iy or in common with any o t h c
::)u ~in:~ s s ;
(1 )
I
rneans 1 :--crson who c ar-r i os on
f takin~ ]o0ds n. chattels
loan;
th(~ husin )SS
in :--"~wn for 3
(m) • =-,?vm"r I rn a <n s a !,,<?r son c(;liV0rinJ on rticl C?
f 0r n~\,1Ifl to -'" :'Bwn-bro co r- ;
01
by tho Ch~nf Comnu s s l oncr- un<1QX' t is ,=t Julati
(c:) ·;"'rinci A1' in r'}l;:ji:i .. on to , Lr-an mo en s tho
elmo T"L =c tu .. nlly lent -to the do btor:'
(\",) , T(~vir4r:nt Fun .. ' me> ::IllS 1 lPF.0vic:mt Fund as
r.~fi..n~d in th ..... Provident Funl'is, Act, 192')~ en:
.i nc Luc '?s a Govor nmerrt Provident Fund nne' -9
:i",ilw·y PrevidQnt Func 2IS dofincd in thi3t Ac
1 I
Section 1 • The andaman and nicobar islands money lenders regulation 1956
Full Act (Extracted from PDF)
andaman-and-nicobar-islands-money-lenders-regulation-1956-sec-1.json
•
Section 1
{
"act_title": "The andaman and nicobar islands money lenders regulation 1956",
"act_slug": "andaman-and-nicobar-islands-money-lenders-regulation-1956",
"section_label": "Section",
"section": {
"number": "1",
"title": "Full Act (Extracted from PDF)",
"chapter": null,
"content": "A \r\nTHE. N . M :,1 A~· 0 NICDB R ISlANDS - CN Y-LfiND~qs \r\n;-\\EGULA ''lCN, 19')-) \r\nNo.2 of. 19')6 \r\n. 'Tied ~5 On ,;:lte 31st ~.\"I' 1993 ) .. \r\n-, BLISHED BY IJTHQ'1ITY \r\ns \r\nar: :-!::D BY \r\nThe Man~ .er J Govel.'nment 'PrP.'Gs. \r\nPnrt B13ir \r\n(IN JUNE 1993) \r\n• \r\n• \r\n• \r\nt \r\n.. \r\n• \r\n.. \r\n\r\n\r\nTHE.N '1A7' AND NICOB, ISL:\"'NDS \r\nMO\\IEY LENOF.aS .1:::G!JL\\.ICN\" 19')t=i \r\nNo.2 of 19'16 \r\n- PrOGluJ:; -I:.C'(! by th~ P.rc;sic.cnt in tho SGvcnth \r\nY~~r of ~h~ Ro~ub ic of India. \r\nA RGJulr:l.L:i,.cm to I' .,_;ulaf:._J Cln:l control the transactions \r\nof moncy-i I cndin ', in th\" Andam;:m and j licQb~r Ls I an s • \r\n• In ex :rcis8 of th'? DO'N~rS conf'or r-oo by r:laus0 (2) \r\nof '1rticl-' ?'1.1 of 'th,? c on s t i.t.u t Lon , th. Pr-si J,:;!\\t is \r\nnl aascc to. :-romul_:;qtc? +.ho followin; - o ju Lo t Lon m .-) \r\nby him:- \r\nC 1'ri::a I \r\nPRELIN IN. RY \r\nt ti tl -: ex- (1) \r\n, ;:;Inri commc \r\nnerrt, , \r\nThis Ho .u l a+Lon may h~ c al Lo.: the: Anc man and . \r\nN'i c o bar- lsl;mas Mon_y,lonrt.)rs R(?_;ul'3t.ion, 1-9,)1'). \r\n( •... 2 ) It :;xtonr:1s to th,: whole of tho Anr.aman nnd \r\nNi cobar lsI n':s. \r\n{3) It sh311 como into forc On such1dato as tho \r\nChief Comrrd s s Lonor- rna, t by no t Lf i.ca t Lon in tho \r\neffici;:il G.,,! z o t to, a~ooint. \r\ninitions. 2. \r\nr-)~uir:;s, - \r\nof 1949. (a) 'brlnk' rne an s a b-mk i n: company as dofincd ~ \\' \r\nin the B\"ln.,in J eomn,.ni;s Act, 19 r9 4Lan \r\nincludes tho State: B\"nk of Lnr+i. constitu \r\nt~rl undor' t ho Stat~ Bank of Iridi e . ct, 195'il \r\n(b} 'Chief Corrmi.s s i.oncr- r rne.::'\\ns th? Ch.i cf Cornmi \r\ns s i.orior' of the An aman an Ni c ob ir- Isl.an(4s; \r\nof .195'3. \r\n7 -of 1'913 \r\n(c) \"Comr-or ry ' rnc=m s ., com+eny rlS dof Ln s d in !-,h' \r\nInci sn Comr an Lo s Act, J 9 J 3~ arv ' Lnc Lu do s 8r \r\ncomrvmy f orrnor' 1n~ r o jist,:r~ ou t s i do Indi; \r\nof 19.12 (d) 'Co-o';;10r,tiv _ s c i.o+y ' m·.;:ms a co-o~orativ, \r\nsr-c Le t rr; is+: __ r._f. Un': ,I- th;~ C -o:>2rativ€ , ' \r\nSocioti0S Act, )9J2, or un< or ~ny othor 1 \r\nfor +ho t irno b .in.: in f or-co in ~ny St,\"lt-' f \r\nt.ho r-o ist.r.:'ltion of c0-o:or.:>.tiv::? soc i.at.Lo s \r\n\r\n\r\n(v) ~n ?rly-'\"\\nc~ m\"'d'~ to -=l subscriber to, or () 000si tor;t \r\nin~ ~ Pr~vi~6nt Fun~ from thQ ?IDount st~ndins t~ \r\nhis cr~0.it in th2 Fun in Jccorj?nCG with rul~s - .. 1. \r\n6f th ~ funcl'. \r\n1938. \r\n(vi) .\" Lc in tr, or hy -1n Insur enc o com';:'r-my = s (hfinc.?d \r\nin tro Ln s u r aric ~ Act t J 938. \r\n(viii) an ''lGvanc:) m:lr)a r n tm b= s i.s of nC?}otir'!blc \r\ninstrumo, t 15 dcf Lnor' in th':' N.>::;otiablo Instru- \r\n],:681 ments Ac t , 881, oth\",r t.h-m a ~ ~issory note; \r\n(ix) Fl m\";r~~' \"'_y (\"If ~Cl00 {If!. tr2.·t which \r\nflccom!:,,\"Ini Ii by rl bene be in~ int.~rost ox ocu t.cd \r\nin r e s ooc t of tho sU::'T')ly of such cor s on cr?di,t; \r\n(j) 'm0r>G~'-1(2ndGrf m,~?ns a :'Ol'son ottior t han \r\nb\"mk- \r\n(i J w C\"c\"\"rri's on thO? bu s Iric s s of monoy-lEndino In \r\n• Isl'ln~'s the or / \r\n( .. ) who h.::>s i1 rlr:c0 r:f suc l, ~ ~n ...• s in tr-e Ls.l ancls , va i, \r\nlnclu~ s ~ D~wn-brokcr; \r\n(,:) 'mcn.cv-lc rlin-, business' or \"bu s i.n o s s of , , .. \r\nm\\'l'cy-L.nrlin I mi:.\" ns the ru~:_ .f'L s ~ ~f \" v vn c i.rvj \r\nInans (~. t hor- so l o.Iy or in common with any o t h c \r\n::)u ~in:~ s s ; \r\n(1 ) \r\nI \r\nrneans 1 :--crson who c ar-r i os on \r\nf takin~ ]o0ds n. chattels \r\nloan; \r\nth(~ husin )SS \r\nin :--\"~wn for 3 \r\n(m) • =-,?vm\"r I rn a <n s a !,,<?r son c(;liV0rinJ on rticl C? \r\nf 0r n~\\,1Ifl to -'\" :'Bwn-bro co r- ; \r\n01 \r\nby tho Ch~nf Comnu s s l oncr- un<1QX' t is ,=t Julati \r\n(c:) ·;\"'rinci A1' in r'}l;:ji:i .. on to , Lr-an mo en s tho \r\nelmo T\"L =c tu .. nlly lent -to the do btor:' \r\n(\\\",) , T(~vir4r:nt Fun .. ' me> ::IllS 1 lPF.0vic:mt Fund as \r\nr.~fi..n~d in th ..... Provident Funl'is, Act, 192')~ en: \r\n.i nc Luc '?s a Govor nmerrt Provident Fund nne' -9 \r\n:i\",ilw·y PrevidQnt Func 2IS dofincd in thi3t Ac \r\n1 I \r\n",
"footnote": "NOT Available ",
"is_definition": false,
"sort_order": 0
},
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"next_section": null
}