Moneylenders registration?????

Mahavir (Querist) 23 April 2013 This query is : Resolved
I want to get registered under Gujarat Money Lenders Act, 2011.
Kindly let me know where to apply for registration?
What documents are required for registration?
thank you in advance.

Follow Query

Report Abuse

ajay sethi (Expert) 23 April 2013
Registrar General of Money Lenders, with whom all the persons intending to carry out the business of money lending will have to be registered.

6. (1) A person who intends to commence or to carry on the
business of money-lending in any area may make an application in
writing in the prescribed form for the grant of registration to the
Registrar having jurisdiction.
(2) An application under sub-section (1) shall contain the following
particulars, namely :-
(a) if the application is by or on behalf of -
(i) an individual, the name and address of such
individual;
(ii) a Hindu Undivided Family, the name and
addresses of the manager and the adult
coparceners of such family;
(iii) a company, the name and addresses of the
directors, manager or principal officer managing
it;
Register of
Money-Lenders.
No business of
money-lending
except
registration.
Application
for
Registration.
2 of 1934.
(iv) an unincorporated body of individuals, the names
and addresses of such individuals; and if such
body is a firm, the names and addresses of all its
partners;
(b) the name in which the applicant intends to carry on the
business of money-lending and the name of the person
who shall be responsible for the management of the
business;
(c) the area in which he intends to carry on the business and
the name of the place at which he intends to carry on the
business in that area; and if he intends to carry on the
business at more than one place in such area, the names
of the principal place and other places at which he intends
to carry on the business;
(d) the name of any other place outside such area, if any, at
which he intends to carry on the business;
(e) whether the person signing the application himself, or
any of the adult co-parceners of a Hindu

the total amount of the capital along with its source which
such person intends to invest in the business of moneylending
in the year for which the application has been
made;
(g) if the places at which the business of money-lending is to
be carried on are more than one, the names of persons
who shall be in the management of the business at each
such place;
(h) such other particulars as may be prescribed.
(3) The application made under sub-section (1) shall be signed, -
(a) (i) by the individual, if the application is made by an
individual;
(ii) by the manager of a Hindu Undivided Family, if
the application is made on behalf of such family;(iii) by the managing director or any other person duly
authorized and having control of its principal place of
business in the area in which it intends to carry on the
business, if the application is made by a company or an
unincorporated body of individuals;
(iv) by any partner of the partnership firm, if the
application is made by a firm; or
(b) by an agent authorized in this behalf by a power of
attorney, by the person authorized to sign such
application referred to in clause (a).
(4) No application for grant of registration shall be entertained by
the Registrar unless it is accompanied by an application fee at the rates,
as may be notified by the Registrar General from time to time.