Central Bank Act, 1989.
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Amendment of Money-lenders Act, 1900. |
136.—The Money-lenders Act, 1900, is hereby amended: | |
(a) in section 6— | ||
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(i) by the substitution in paragraph (d) of “the holder of a licence for the time being in force granted under section 9 of the Central Bank Act, 1971 , or any person bonâ fide and otherwise carrying on the business of banking, or” for “any person”, and | ||
(ii) by the insertion of the following paragraph after paragraph (d): | ||
“(dd) a company to which a certificate has been given by the Minister for Finance under Section 39B of the Finance Act, 1980 (inserted by the Finance Act, 1987 ), and which has not been revoked; or”, | ||
(iii) by the substitution of the following paragraph for paragraph (e): | ||
“(e) any class or classes of body corporate in respect of which the Minister for Industry and Commerce, by order made from time to time declares that, from such date as he may specify in such order, this Act does not apply; or”, | ||
(b) by the insertion of the following section after section 6: | ||
“6A. The date specified for the purposes of an order under section 6 (e) of this Act may be a date earlier than the date upon which the order is made if, but only if— | ||
(a) the Minister for Finance consents to the date being specified, and | ||
(b) such date is not a date earlier than the 1st day of September, 1971.”, | ||
and the said section 6 (other than paragraphs (a) to (c) and paragraphs (dd) to (f)) as so amended, is set out in the Table to this section. | ||
TABLE | ||
6. The expression “money-lender” in this Act shall include every person whose business is that of money-lending, or who advertises or announces himself or holds himself out in any way as carrying on that business; but shall not include— | ||
(d) the holder of a licence for the time being in force granted under section 9 of the Central Bank Act, 1971 , or any person bonâ fide and otherwise carrying on the business of banking, or bonâ fide carrying on the business of insurance or bonâ fide carrying on any business not having for its primary object the lending of money, in the course of which and for the purposes whereof he lends money; or |