(1) Where a licensee under this Regulation dies, any person claiining ::
Transfer of licence to be his legal representative may apply to the licensing authority for transferring to heir.
the licence in his name.
(2) Every such application shall be in such form and shall contain such particulars as may be prescribed.
(3) lice~rsil~g authority rimy, i F he is satisfied t l i n t the "liplicant is i l l fact tlie legnl ~.c~rescntative o f thr decc?.r;c:d :tnd thnl he is other\vise cligible for the grant of a licence under this Regulation, transfer the licence in. the name of the applicant after obtaining from the applicant a declaration in the prescribed form.
(4) Any licence transferred under sub-section (3) shall be deemed to have been granted to the applicant himselr and shall be valid for the period for which it would have been valid if the lice~~ce had not been transferred ; and the provisions of this Regulation shall apply accordingly.
21. No Court inferior to that of a Judicial Magistrate of the first class Jurisdicr ion shall try any offence punishable under this Regulation. to try offences.
22. Where a money-lender is guilty of an offence punishable under this Contracts not to be Regulation any contract made by him in relation to his business as a money- void on lender shall not be void by reason only of that offence nor shall he, by reason account of offence.
only of that offence, lose his right to the loan and the interest and other charges, if any, payable in respect thereof.