Appeals.
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Daricuda na
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(7) The licensing court shall not grant an application under this section unless the court is satisfied that-
(a) notice of the application has been given to the Registrar and
the Commissioner of Police;
(b) in the case of an application under subsection (2), the applicant is a fit and proper person to carry on the business of the deccased money lender;
(c) in the case of an application under subsection (3), the additional premises and the situation thereof are suitable for the carrying on of the business of money-leading;
(d) in the case of an application under subsection (4), the premises to which the money leader intends to transfer his business and the situation thereof are suitable for the carrying on of the busi- pesa of money-lending:
(e) in the case of an application in respect of any premises under subsection (3) or (4), any person responsible or proposed to be responsible for the management of the business carried on at such premises is a fit and proper person to be associated with the business of money-leading.
(8) Where the licensing court grants an application for an endorse, ment under this section, the endorsement shall be made in the office of the licensing court upon payment of the prescribed fee.
(9) A licence endorsed under subsection (2) shall have effect in all respects as if the licence had been issued to the person whose name is endorsed thereon and this Ordinances shall apply accordingly to such person as it applies to a licensee.
16. Any person aggrieved by a decision of a licensing court vader scction 11. 13, 14 or 15 may appeal to the High Court and the decision of the High Court shall be final
17 (1) Where any change takes place in any particulars entered in the register in respect of any liccuser, or a change takes place-
(0) in the case of a firm, in the membership thereof whether by reason of an amalgamation or the reduction of the number of partners or otherwise;
(b) in the case of a body corporate-
(i) in the officers thereof;
(i) in the control thereof by any person;
(i) in the number of shares, or shares of a prescribed class, therein held by any person whereby the nominal value of any such shares held by that person exceeds such proportion of the nominal value of the share capital thereof or of the issued share! of that class, as the case may be, as may be prescribed;
(c) in the persons responsible for the management of bis business as a money lender at any premises where the business is carried on, the licensee shall give notice in writing of such change to the Registrar within 21 days after the change takes place.
(2) Where notice of any change is given to the Registrar under sub- section (1), the Registrar may by notice in writing require the licenace to furnish bio with such information, verified in such manner, as the Registrar may specify with respect to such change.
PART 100
MONEY LANDers' TransACTIONS
18. (1) No agreement for the repayment of money lent by a money Form of lender or for the payment of interest on money so left, and no security sareement. given to any money lender in respect of any such agreement or loan, shail be enforceablo unless-
(a) within 7 days after the making of the agreement, a note or memorandumi in writing of the agreement is made in accordance with subsection (2) and signed personally by the borrower, and a copy of such bote or memorandum is given to the borrower at the time of signing; and
(8) there is included in or attached to such copy a summary, in such for as may be prescribed, of such provisions of this Part and Part IV as may be prescribed,
and no much agreement or security shall be enforceable if it is proved that the note or memorandum was not signed by the borrower before the money was lent or the security was given.
(2) The hole or memorandum shall contain all the terms of the agreement and in particular shall set out-
(a) the name and address of the money lender;
(6) the name and address of the borrower;
(c) the name and address of the surely, if any;
(d) the amount of the principal of the loan in words and figures;
(e) the date of the making of the agreement;
( the date of the making of the loan;
(a) the terms of repayment of the loan;
(4) the form of security for the loan, if any:
(0 the rale of interest charged on the loan expressed as a rate per Cent per annum, or the rale per cent per annum represented by the interest charged as calculated in accordance with the Second Second Schedule; and
Schedule.
() declaration as to the place of negotiation and completion of the
agreement for the loan.
C) Notwithstanding subsection (1), if the court before which the uforceability of any agreement or security comes in question is satisfied that in all the circumstances it would be inequitable that any such agree- ment or security which does not comply with this section should be held got to be enforceable, the court may declare that such agreement or security is enforceable to such extent and subject to such modifications or
ceptions as the court may order.
19 (1) in respect of every agreement, whether made before or after the commencement of this Ordinance, for the repayment of money lent by a money lender, the money lender shall, on demand in writing being made by the borrower at any time during the continuance of the agree ment and on tender by the borrower of $10 for expenses, supply to the borrower or, if the borrower so requires, to any person specified in that bobalf in the demand, a statement signed by the money leader or bis agent showing---
(c) the date on which the loan was made, the amount of the principal of the loan and the rate per cent per annum of interest charged;
Duty of roomer afer to alve boruver.
Infor