State Act

THE UTTAR PRADESH REGULATION OF MONEY-LENDING ACT, 1976

7- (1) Any person carrying on the business of money-lending on the date of commencement of this Act wishing to carry on such business after such commencement,[or any person wishing to commence such business after the said date,]1 in any part of Uttar Pradesh may apply to the Registrar within the local limits of whose jurisdiction he has his principal place of such business, and where his principal place of business is situated outside Uttar Pradesh, to any Registrar within the local limits of whose jurisdiction he carries on or proposes to carry on his business, for registration as a money-lender under this Act : Provided that any person carrying on the said business [from the date of commencement of the Uttar Pradesh Regulation of Money-Lending (Amendment) Act, 1978]2 of this Act may apply for registration under this Act within three months from the date of such commencement. (2) The application shall be in such form and shall contain such particulars and shall be accompanied by a deposit of such fee, which shall be paid in such manner as may be prescribed. (3) The Registrar shall after satisfying himself that the application is in conformity with the requirement of sub-section (2), and that the applicant is not a person against whom an order under section 16 or sub-section (2) of section 22 is for the time being in force, enter his name and other particulars in the register of money-lender referred to in section 6, and grant him a certificate of registration in the prescribed form. (4) Such certificates shall be valid throughout Uttar Pradesh and shall, unless cancelled or suspended earlier under this Act, remain in force for a period of one year from the date of its commencement, and the money-lender shall, on payment of such fee as may be prescribed, be entitled to renewal of his certificate, unless the Registrar, for sufficient cause, refuses to renew the certificate: Provided that no order refusing to renew a certificate shall be passed except after giving to the money-lender an opportunity of showing cause.