State Act

THE PUDUCHERRY MONEY LENDERS ACT, 1970

*[20 E. (1) The Secretary (Revenue), Deputy Collector (Revenue) or any Inspector appointed under sub-section (1) of section 10 of the Act may, whether on application made to him in this behalf or otherwise, give any person, whose licence is liable to be cancelled under sub-section (1) of section 14, option to pay within a specified period, a sum of money not exceeding five hundred rupees for the first occasion and one thousand rupees for every subsequent occasion in lieu of such cancellation or by way of composition of the offence which may have been committed, as the case may be. (2) Where the Secretary (Revenue), Deputy Collector (Revenue) or any Inspector appointed under sub-section (1) of section 10 of the Act, on application made under sub-section (1), passes an order refusing to allow composition under this section, he shall record in writing the reasons therefor and furnish to the applicant, on request, a copy of the order.]