Levy of inspection fee - Maharashtra Money-Lending (Regulation) Ordinance, 2014

(1) An inspection fee shall, in addition to the licence fee leviable under section 5, be levied on a money-lender applying for a renewal of a licence at the rate of one per cent. of the maximum capital utilized by him during the period of licence sought to be renewed or rupees one hundred, whichever is more.

(2) An application for renewal of a licence shall not be allowed unless the inspection fees under sub-section (1) is paid.

Explanation.—For the purposes of this section, “maximum capital ” means the highest total amount of the capital sum which may remain invested in the money-lending business on any day during the period of licence.

13. (1) No court shall pass a decree in favour of a money-lender in any suit unless the court is satisfied that at the time when the loan or any part thereof, to which the suit relates was lent, the money-lender held a valid licence, and if the court is satisfied that the money-lender did not hold a valid licence, it shall dismiss the suit.

(2) Nothing in this section shall affect the powers of a Court of Wards, or an Official Assignee, a receiver, an administrator or a Court under the provisions of the Presidency Towns Insolvency Act, 1909, or the Provincial Insolvency Act, 1920 or any other law in force corresponding to that Act, or of a liquidator under the Companies Act, 1956, or the Companies Act, 2013, as the case may be, to realise the property of a money-lender.

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