complaint
Querist :
Anonymous
(Querist) 24 July 2011
This query is : Resolved
sir,
can you plz tel me the authorities to which complaint againt illegal money lending can be lodged. its very urgent and plz guide me under which section complaint is lodged under punjab money lending act
Raj Kumar Makkad
(Expert) 24 July 2011
Nothing is prescribed in The Punjab Registration of Money Lenders Act, 1938 about the complaint or its procedure to be filed against money lender, however, it is prescribed that unless a person holds a duly issued lenders certificate, he cannot sue. The relevant section 3 of the Act is submitted hereunder:
Suits and applications by money-lenders barred, unless money-lender is registered and licensed.
3. Notwithstanding anything contained in any other enactment for the time being in force, a suit by a money-lender for the recovery of a loan, or an application by a money-lender for the execution of a decree relating to a loan, shall after the commencement of this act, be dismissed, unless the money-lender-
(a) at the time of the institution of the suit or presentation of the application for execution; or
(b) at the time of decreeing the suit or deciding the application for execution-
(i) is registered; and
(ii) holds a valid licence, in such form and manner as may be prescribed; or
(iii) holds a certificate from a Commissioner granted under section 11, specifying the loan in respect of which the suit is instituted, or the decree in respect of which the application for execution is presented; or
(iv) if he is not a registered and licensed money-lender, satisfies the Court that he has applied to the Collector to be registered and licensed and that such application is pending; provided that in such a case, the suit or application shall not be finally disposed of until the application of the money-lender for registration and grant of license pending before the Collector is finally disposed of.
DEFENSE ADVOCATE.-firmaction@g
(Expert) 24 July 2011
Yes if you further study the whole law it states that JMFC Or Metropolitan magistrate can take congnisance of any offense under the money lending act only from the officer authorised in this respect .
Normally it is the co op registrar, so you can make complaint to him if evidence is there he will take action.
