(1) When a licence granted to a money-lender is lost, destroyed, or torn or otherwise defaced in such a manner as to render it illegible, the money-lender may make an application to the Registrar, through the Assistant Registrar concerned, for the grant of a duplicate licence.
(2) Where a duplicate licence is required on the ground that the original licence is torned or defaced, the money-lender shall surrender the original licence to the Registrar alongwith the application made under sub-rule (1).
(3) An application under sub-rule (1) shall be accompanied by a fee of ten rupees.
The fee shall be paid in the manner prescribed in rule 10.
(4) On receipt of such application, if the Registrar is, after making such inquiry as may be deemed necessary, satisfied that a duplicate licence may be issued to the money-lender, he shall issue a duplicate licence and direct the Assistant Registrar to make a note of the issue of such a duplicate licence to the money-lender against his name in the register.
(5) The duplicate licence so issued shall bear on its face the number and date of the original licence and shall also bear the word "Duplicate".