(1) Every application for a money-lender's licence shall be in writing and GFant and refusal of shall be made to the licensing authority : licences-
Provided that a person under the age of eighteen years shall be eligible to apply for a licence ouly through a guardian :
Provided further that if any person acting as a guardian 011 behalf of a minor applies for anti obtains a licence under this Regulation, such guardian.shal1 be subjcct to all tllc provisions of this Regulation as if the licence has been granted -- in I , ; , , , C O I ~ ;;_ir Subs. by thefraoer~cIive, hl,linicoy ~ n d h ~ ~ i n B i ~ i i / ~ a % ~ , & a ( $ ~ , $ . t ~ : i ~ t ; . 9 ~ 2 0 ~ o r N ~ ~ n : e ) A&%p%b,%fol'4 of u ~ l l coiiciitions Jx:::;jn Bx-&arn, $974 o ( % ~ ~ c c ~ e $ e & c . 1 e 4 9 7 ~ ~ ) e C I I C C FCCS 110i I . . . . . , .. . . . . - . . . , . ' , . , . .. -;'.--ri, .-. . rr.u,x. : ..mrq*a. or,,'x,* ... ..,> I... , ,' I". . . . .,,; .. ..,. .. .' - ., . - . . . .. . , , . . . ' , . . . ..,, .. i . . . . .( '. . ._ I: . . ., I , . . A . , .: . , . . > . . .
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(3) The licepsing authority may, by order in writing, refuse to grant a licence if such authority is satisfied-
(a) that the applicant has not complied with the provisions of this Regulation or the rules made thereunder in respect of an application for the grant of a licence; or
(b) that the applicant has made wilful default in complying with or knowingly acted in contravention of any requirement of this Regulation;
(c) that the applicant has-
(i) knowingly participated in or connived at any fraud or dishonesty in the conduct of or in connection with his business as a money-lender, or
(ii) been found guilty of an offence under Chapter XVII or Chapter XVIII of the Indian Penal Code, or
(iii) been found guilty of an offence under section 12 or section 14 on two or more occasions; or
(d) that the application is made within six months of the cancellatioil of a licence.
(4) Any person aggrieved by an order of the licensing authority under subsection (3) may, within one month from the date of communication of such order to him, appeal to the appellate authority.
(5) Every licence granted under this Regulation shall, subject to the provisions of sub-section (7), expire ot; the last day of the year in which it was granted.
(6) A licence granted under sub-section (2) may be renewed from year to year and the provisions of sub-sections ( I ) to (5) shall apply in relation to the renewal of a licence as they apply in relation to the grant of a licence.
(7) If orders refusing to renew a licence are not communicated to a moneyorders are received by him on his application for renewal.
(8) Nothing in this section shall be deemed to disentitle a money-lender, whose licence has expired or has not been renewed, from taking steps to recover any loan advanced during the period when the licence was in force.
money-len. or place of business duly eildorsed on his licence.
6 . Every money-lender shall always keep exhibited over his shop or place of over shops, languages as map be prescribed.
!)f- - 7. lf,under thc terms of the agreement relating to a loan, any nloncy-lender