(a) that the applicant, or any person responsible or proposed to be responsible for the management of his business as a money-lender is disqualified from holding a licence;
(b) that the applicant has not complied with the provisions of this Act or the rules in respect of an application for the grant of a licence;
(c) that the applicant has made wilful default in complying with or knowingly acted in contravention of any requirement of this Act;
(d) that satisfactory evidence has been produced that the applicant or any person responsible or proposed to be responsible for the management of his business of money-lending has-
(i) knowingly participated in or connived at any fraud or dishonesty in the conduct of or in connection with the business of money-lending, or
(ii) been found guilty of an offence under Chapter XVII or section 465, 477 or 477-A of Chapter XVIII of the Indian Penal Code (X of 1860).
[8A. Registrar's Power to cancel licences.
Section 8 • The Bombay Money Lenders Act, 1946
8. Refusal of issue of licence.
the-bombay-money-lenders-act-1946-sec-8.json
•
Section 8
{
"act_title": "The Bombay Money Lenders Act, 1946",
"act_slug": "the-bombay-money-lenders-act-1946",
"section_label": "Section",
"section": {
"number": "8",
"title": "8. Refusal of issue of licence.",
"chapter": null,
"content": "(a) that the applicant, or any person responsible or proposed to be responsible for the management of his business as a money-lender is disqualified from holding a licence;\n(b) that the applicant has not complied with the provisions of this Act or the rules in respect of an application for the grant of a licence;\n(c) that the applicant has made wilful default in complying with or knowingly acted in contravention of any requirement of this Act;\n(d) that satisfactory evidence has been produced that the applicant or any person responsible or proposed to be responsible for the management of his business of money-lending has-\n(i) knowingly participated in or connived at any fraud or dishonesty in the conduct of or in connection with the business of money-lending, or\n(ii) been found guilty of an offence under Chapter XVII or section 465, 477 or 477-A of Chapter XVIII of the Indian Penal Code (X of 1860).\n[8A. Registrar's Power to cancel licences.",
"footnote": "",
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}