1988 Ed.]
Money Lenders
[CAP. 163
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(7) A licence granted under this section shall not be issued and shall not enter into force except on payment to the licensing court of the prescribed fee.
Effect and duration of licence
12. Every licence shall authorize the person named therein to carry on business as a money lender for a period of 12 months from-
(a) in the case of a licence granted under section 11, the day on which it is so granted; and
(b) in the case of a licence renewed under section 13, irrespective of whether the renewal of the licence was made prior to, upon or after its expiration, and notwithstanding section 13(5), the day immediately following the day on which it would have, but for its renewal, or has, as the case may be, expired.
(Replaced, 69 of 1988, s. 11)
Renewal
13. (1) A licensee may apply for the renewal of his licence within a period of 3 months prior to the expiration thereof.
(2) This section does not apply to a licensee whose licence is revoked.
(3) An application for renewal made under this section shall be made in the prescribed manner and shall be accompanied by the prescribed fee.
(4) Sections 8, 9, 10 and 11 shall apply to an application for renewal made under this section as they apply to an application made under section 8.
(5) Any licence in respect of which an application for renewal is made under this section and which expires prior to the determination of such application shall, unless such application is withdrawn, or the licence is revoked or suspended under section 14, be deemed to continue in force until the determination of such application.
Revocation and suspension
14. (1) On the application of the Registrar or the Commissioner of Police, a licensing court constituted by a magistrate sitting with 2 assessors may make an order revoking or suspending any licence granted by the licensing court if, in the opinion of the licensing court- (Amended, 69 of 1988, s. 12)
(a) the licensee has ceased to be a fit and proper person to carry on business as a money lender; or
(b) the premises specified in the licence or any of such premises have, or the situation thereof has, ceased to be suitable for the carrying on of the business of money-lending; or
(c) the licensee has been in serious breach of any condition of the licence or has ceased to satisfy any other condition relating to his business as a money lender in respect of which the licensing court is required to be satisfied under section 11(5); or
1988 Ed.]
Money Lenders
[CAP. 163
11
(7) A licence granted under this section shall not be issued and shall not enter into force except on payment to the licensing court of the prescribed fee.
Effect and duration of licence
12. Every licence shall authorize the person named therein to carry on business as a money lender for a period of 12 months from-
(a) in the case of a licence granted under section 11, the day on which it is
so granted; and
(b) in the case of a licence renewed under section 13, irrespective of
whether the renewal of the licence was made prior to, upon or after its expiration, and notwithstanding section 13(5), the day immediately following the day on which it would have, but for its renewal, or has, as the case may be, expired.
(Replaced, 69 of 1988, s. 11)
Renewal
13. (1) A licensee may apply for the renewal of his licence within a period of 3 months prior to the expiration thereof.
(2) This section does not apply to a licensee whose licence is revoked. (3) An application for renewal made under this section shall be made in the prescribed manner and shall be accompanied by the prescribed fee.
(4) Sections 8, 9, 10 and 11 shall apply to an application for renewal made under this section as they apply to an application made under section 8.
(5) Any licence in respect of which an application for renewal is made under this section and which expires prior to the determination of such application shall, unless such application is withdrawn, or the licence is revoked or suspended under section 14, be deemed to continue in force until the determination of such application.
Revocation and suspension
14. (1) On the application of the Registrar or the Commissioner of Police, a licensing court constituted by a magistrate sitting with 2 assessors may make an order revoking or suspending any licence granted by the licensing court if, in the opinion of the licensing court- (Amended, 69 of 1988, s. 12)
(a) the licensee has ceased to be a fit and proper person to carry on
business as a money lender; or
(b) the premises specified in the licence or any of such premises have, or the situation thereof has, ceased to be suitable for the carrying on of the business of money-lending; or
(c) the licensee has been in serious breach of any condition of the licence or has ceased to satisfy any other condition relating to his business as a money lender in respect of which the licensing court is required to be satisfied under section 11(5); or
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