1964_MONEY_LENDERS_ORDINANCE — Page 25

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CAP. 163]

Money Lenders

[1988 Ed.

or expenses (other than stamp duties or similar charges) referred to in section 27(3) or demands or receives any remuneration or reward whatsoever from a borrower or intending borrower for or in connection with or preliminary to procuring, negotiating or obtaining any loan made or guaranteeing or securing the repayment thereof commits an offence. (Added, 69 of 1988, s. 25)

Offences of fraudulent inducement and obstruction

30. (1) Any person who by any false, misleading or deceptive statement, representation or promise, or by any dishonest concealment of material facts, fraudulently induces or attempts to induce-

(a) any money lender to lend money to any person or to agree to the terms on which money is or is to be borrowed;

(b) any person to borrow money from a money lender or to agree to the terms on which money is or is to be lent,

commits an offence.

(2) Any person who-

(a) wilfully obstructs an authorized person in the performance of his functions under section 28; or

(b) without reasonable cause fails to give an authorized person such assistance or information as he may require in the performance of such functions,

commits an offence. (Replaced, 69 of 1988, s. 26)

(3) For the purposes of subsection (2), “authorized person" means-

(a) the Registrar or any other person authorized by him in writing under section 28; or

(b) a police officer of or above the rank of superintendent or any other police officer authorized by him in writing under section 28. (Added, 69 of 1988, s. 26)

Offences relating to licensing court

30A. Any person who-

(a) refuses or fails to comply with any lawful order, requirement or direction of the licensing court; or

(b) disturbs or otherwise interferes with the proceedings of the licensing court,

commits an offence. (Added, 69 of 1988, s. 27)

Liability for offences by companies

31. Where at any time a company commits an offence under this Ordinance with the consent or connivance of, or because of neglect by, any individual, the individual commits the like offence if at that time-

(a) he is a director, manager, secretary or similar officer of the company; or

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