Uttarakhand Regulation of Money-Lending Rules, 2018
No: 34/xxvii(6)/2018 Dated: Jul, 30 2018
Uttarakhand Regulation of Money-Lending Rules, 2018
Notification No. 34/27(6)-four-T.C.-1216-2016/2018, dated 30.7.2018. - In exercise of the powers conferred by Section 28 of the Uttar Pradesh Regulation of Money-Lending Act, 1976 (U.P. Act 29 of 1976) (as applicable in Uttarakhand), the Governor is pleased to make the following rules, namely-
1. Short title and commencement. - (1) These rules may be called the Uttarakhand Regulation of Money-Lending Rules, 2018.
(2) These rules shall come into force at once.
2. Definitions. - In these rules; unless (here is anything repugnent in subject or context-
(a) "Act" means the Uttar Pradesh Regulation of Money Lending Act, 1976 (as applicable in Uttarakhand)
(b) "Certificate" means the certificate of registration granted under Section 7(3);
(c) "Form" means a form appended to these rules;
(d) "Section" means a section of the Act;
(e) "Words" and expressions used and not defined in these rules but defined in the Act, shall have meanings assigned to them in the Act.
3. Register of money-lenders. - The Register of money lenders required to be maintained under Section 6 shall be in Form No. 1.
4. Application for registration. - (1) If any person is wishing to continue to carry on or to commence the business of money-lending in any part of Uttarakhand, he may apply to the Registrar having jurisdiction for the grant of the certificate. Such application shall be in Form No. 2
(2) Every application under sub-rule (1) shall be accompanied with a fee of 1000 Rs.
5. Grant of certificate. - (1) On the receipt of an application under Rule 4, the Registrar shall make a summary scrutiny and if he is of opinion that the provisions of the Act and these rules have been complied with, lie shall grant the certificate to the applicant in Form No. 3.
(2) Each certificate, so issued, shall be serially numbered and the name of the district shall also be indicated.
6. Sub-Offices of money-lender. - If a certificate of registration has been issued to a money-lender who has or will have a sub-office or branch at a place/places other than the principal place of business, the Registrar granting the certificate of registration shall intimate in Form No. 4 to every Registrar within whose jurisdiction any such sub-office or branch is situate.
7. Renewal of Certificate. - (1) Every application for the renewal of the certificate shall be made at least one month before the expiry of the period for which the certificate was granted:
Provided that the Registrar may, on sufficient cause being shown, entertain an application tor renewal of the certificate after the date hereinbefore prescribed.
(2) Every application under sub-rule(l) shall be in Form No.5.
(3) The application for renewal shall be accompanied with a fee of rupees 1000 (One Thousand Only). In the case of late application, late fee of rupees 10.00 (Ten Rupees) per day shall be payable in addition to the application fees.
(4) When a certificate is renewed in Form No. 6, such renewal shall operate from the date of expiration of the period for which the certificate was originally granted or renewed.
Explanation. - If the money-lender has submitted his application for renewal of the certificate in accordance with this rule, within the period hereinbefore specified, he shall be entitled to continue the business of money lending, notwithstanding anything that the renewal certificate in Form No. 6 has not been delivered to him, until renewal had been refused.