State Act

THE RAJASTHAN MONEY-LENDERS ACT, 1963

43. Compounding of offences.—(1) The offences punishable under various sections specified in the first two columns of the table next following may be compounded by the persons mentioned in the third column of that table:— Offence Section applicable Person by whom offence may be compounded Receiving payment without a receipt or accepting any article as pawn or pledge or security for a loan without giving a plain signed receipt. 22 (4) and (5), 40 The debtor by whom or on whose behalf payment is made or by whom the article is pawned, pledged or given as security. Charging or receiving interest at a rate exceeding the maximum rates fixed under sub-section (1) of section 29 29,40 The debtor from whom the interest is charged or received. Charging any sum for expenses on loan by money-lenders. 30,40 The debtor from whom any sum for expenses on loan is charged. Entering of wrong sum in bond etc. 38 The debtor from whom the document is taken. Molestation 39 The person molested or the molestation of whom was abetted. (2) The Registrar may, either before or after the institution of proceedings for any offence punishable under section 40, accept from any person charged with such offence by way of composition of the offence— (a) for contravening the provision of section 22, sub-section (2), or section 23 a sum not exceeding fifty rupees; (b) for contravening the provisions of section 5, a sum not exceeding five hundred rupees in addition to the arrears of licence fees payable by him under this Act. (3) The composition of an offence under this section have the effect of an acquittal of the accused with whom the offence has been compounded,