State Act

16

Section 16. No compensation for cancellation of licence

THE PUDUCHERRY MONEY LENDERS ACT, 1970

Act no. 26 of 19701970In forcePuducherry (State Act)

16. A person whose licence is cancelled under section 14 *[or is deemed to have been cancelled under sub-section (2) of section 18A] shall not be entitled to any compensation in respect of such cancellation or to the refund of any fee paid in respect of such licence.