Bare Act Search Results

Karnataka Pawnbrokers Act, 1961 Section 16A

Title: Pawnbroker to Redeem Pledges

State: Karnataka

Year: 1961

Section 16A - Pawnbroker to redeem pledges 1 [16A. Pawnbroker to redeem pledges.-- (1) Where before the commencement of the Karnataka Pawnbrokers (Amendment) Act, 1979 any pawnbroker has pawned or hypothecated any pledge with any person, such pawnbroker shall, redeem the pledge within thirty days from the date of such commencement. (2) Any pawnbroker who fails to so redeem shall, on conviction, be punished with imprisonment for a term which may extend to six months and with fine which may extend to rupees one thousand: Provided that the term of imprisonment shall not be less than one month and the fine shall not be less than rupees five hundred.] ______________________________________ 1. Inserted by Act 29 of 1979 w.e.f 1.8.1979

Karnataka Pawnbrokers Act, 1961 Complete Act

Title: Karnataka Pawnbrokers Act, 1961

State: Karnataka

Year: 1961

.....of pledge Section 15 - Pawnbroker advancing smaller amount or receiving higher interest than that specified in accounts to be punishable Section 16 - Certain other acts of pawnbrokers to be punishable Section 16A - Pawnbroker to redeem pledges Section 17 - Certain acts of pawners to be punishable Section 18 - General penalty for contravention of Act, etc Section 19 - Jurisdiction to try offences Section 19A - Offences by Hindu undivided Family, Companies etc Section 20 - Certain offence to be cognizable Section 21 - Contract of pawn to be void in certain cases and not to be void in certain other cases Section 22 - Power to make rules Section 23 - Savings Section 24 - Repeal

Karnataka Pawnbrokers Act, 1961 Preamble 1

Title: Karnataka Pawnbrokers Act, 1961

State: Karnataka

Year: 1961

Preamble 1 - KARNATAKA PAWNBROKERS ACT, 1961 THE 1 [KARNATAKA] PAWNBROKERS ACT, 1961. [Act, No. 13 of 1962] [8th March, 1962] PREAMBLE An Act to regulate and control the business of Pawnbrokers in the 1 [State of Karnataka]. WHEREAS it is expedient to make provision for the regulation and control of the business of pawnbrokers in the 1 [State of Karnataka]; BE it enacted by the 1 [Karnataka State] Legislature in the Twelfth Year of the Republic of India as follows:-- ______________________________________ 1. Adapted by the Karnataka Adaptations of Laws Order 1973 w.e.f. 1.11.1973

Karnataka Pawnbrokers Act, 1961 Section 10

Title: Pawnbrokers to Keep Books, Give Receipts, Etc

State: Karnataka

Year: 1961

.....referred to in sub--section (1), and all pledges taken by the pawnbroker shall be open to inspection at any time by the licensing authority or an officer subordinate to the licensing authority authorised by that authority. (4) Notwithstanding anything contained in the Indian Evidence Act, 1872 (Central Act I of 1872), a copy of the account referred to in clause (a) of sub--section (1), certified in such manner as may be prescribed, shall be admissible in evidence in the same manner and to the same extent as the original account. (5) A pawner to whom a statement of account has been furnished under clause (d) of sub--section (1) and who fails to object to the correctness of the account shall not, by such failure alone, be deemed to have admitted the correctness of such account. (6) In the pawn--ticket furnished to the pawner, in the receipt given under clause (c) of sub--section (1) and in the statement of account furnished under clause (d) of that sub--section, the figures shall be entered only in Arabic numerals.

Karnataka Pawnbrokers Act, 1961 Section 15

Title: Pawnbroker Advancing Smaller Amount or Receiving Higher Interest Than That Specified in Accounts to Be Punishable

State: Karnataka

Year: 1961

(1) Any pawnbroker who actually advances an amount less than that shown in the pawn--ticket or in his accounts or registers or who takes or receives interest or any other charge at a rate higher than that shown in the pawn--ticket or in his accounts or registers shall, on conviction be punished with fine which may extend to five hundred rupees. (2) If a pawnbroker is convicted of an offence under sub--section (1) after having been previously convicted of a similar offence, the Court convicting him may order his licence as a pawnbroker to be cancelled.

Karnataka Pawnbrokers Act, 1961 Section 16

Title: Certain Other Acts of Pawnbrokers to Be Punishable

State: Karnataka

Year: 1961

.....under the age of sixteen years to take pledges in pawn; or (4) under any pretence purchases, except at a public auction, any pledge while in pawn with him; or (5) suffers any pledge while in pawn with him to be redeemed with a view to his purchasing it; or (6) makes any contract or agreement with any person pawning or offering to pawn any article, or with the owner thereof, for the purchase, sale, or disposition thereof within the time of redemption; or (7) sells1[hypothecates, pawns] or otherwise disposes of any pledge pawned with him except at such time and in such manner as is authorised by or under the Act;-shall on conviction be punished with imprisonment for a term which may extend to six months or with fine which may extend to one thousand rupees or with both. 1[Provided that for an act referred to in clause (7), the term of imprisonment shall not be less than one month and the fine shall not be less than five hundred rupees.] ______________________________________ 1. Inserted by Act 29 of 1979 w.e.f 1.8.1979

Karnataka Pawnbrokers Act, 1961 Section 13

Title: Liability of Pawnbroker in Case of Fire

State: Karnataka

Year: 1961

(1) Where a pledge is destroyed or damaged by or in consequence of fire, the pawnbroker shall nevertheless be liable on application made within the period during which the pledge would have been redeemable, to pay the value of the pledge, after deducting the amount of the principal and interest. Explanation.--For the purpose of this sub--section, the value of the pledge shall be its estimated value (if any) entered in the pledge book at the time of the pawn together with interest on the amount of the principal and shall in no case be less than the aggregate of the amount of the principal and interest and twenty--five per cent on the amount of the principal. (2) A pawnbroker shall be entitled to insure to the extent of the value so estimated.

The Pondicherry Pawnbrokers Act, 1966 Complete Act

State: Pondicherry

Year: 1966

.....omitted. (b) in sub-section (3), for the words ˜Madras Co-operative Societies Act 1932' the words ˜Pondicherry Co-operative Societies Act, 1965 (Act No.11 of 1965)' shall be substituted. (c) for sub-clause (ii) of section (5), the following shall be substituted, namely:- ˜(ii) an advance made by a banking Company as defined in section 5 (c) of the Banking Regulation Act, 1949 (Central Act X of 1949) or by the State Bank of India or by any other banking institution notified under section 51 of the said Act or a Co-operative society'; (vi) in sub-section (1) section 3, omit the brackets and the words ˜other than section 1'; (vii) in sub-section (1) of section 6, of the said Act, the words ˜Notwithstanding anything contained in the Decree dated 22nd September, 1935' shall be inserted at the beginning and the word ˜naya' shall be omitted. (viii) in clause (a) of sub-section (3) of section 10-B, the words ˜in the mufassal or a Presidency Magistrate in the Presidency town' shall be omitted. (ix) In section 12 of the said Act- (a) at the beginning of sub-section (1), the words ˜subject to the provisions of any other law'.....

Karnataka Pawnbrokers Act, 1961 Section 9

Title: Protection of Owners and of Pawners Not Having Pawn Tickets

State: Karnataka

Year: 1961

.....purpose,-- (i) in cases where the loan exceeds two hundred and fifty rupees, unless the applicant executes a bond with two sureties, to the satisfaction of the pawn--broker or of such authority or person as may be prescribed in this behalf, agreeing to indemnify the pawnbroker in respect of any liability which may be incurred by him by reason of delivering the pledge or otherwise acting in conformity with the declaration; and (ii) in all cases, unless the declaration is duly made and delivered back to the pawnbroker within such period after the delivery of the form to the applicant, as may be prescribed; (c) The pawnbroker is hereby indemnified for not delivering the pledge to any person until the expiration of the period aforesaid. (d) The pawnbroker is hereby further indemnified for delivering the pledge or otherwise acting in conformity with the declaration unless, he has had notice within the meaning of the Transfer of Property Act, 1882 (Central Act IV of 1882), that the declaration was fraudulent or was false in any material particulars. (2) Notwithstanding anything contained in sub--section (1), but without prejudice to his liability to account for the pledge.....

Karnataka Pawnbrokers Act, 1961 Section 17

Title: Certain Acts of Pawners to Be Punishable

State: Karnataka

Year: 1961

(1) Any person who,-- (a) offers to a pawnbroker an article by way of pawn, being unable or refusing to give a satisfactory account of the means by which he became possessed of the article; or (b) wilfully gives false information to a pawnbroker as to whether an article offered by him in pawn to the pawnbroker is his own property or not, or as to his name and address, or as to the name and address of the owner of the article; or (c) not being entitled to redeem and not having any colour of title by law to redeem, a pledge, attempts or endeavours to redeem the same; --shall, on conviction be punished with imprisonment for a term which may extend to six months or with fine which may extend to one thousand rupees or with both. (2) In every case falling under sub--section (1), and also in any case, where on an article being offered in pawn, for sale, or otherwise, to a pawnbroker he reasonably suspects that it has been stolen or otherwise illegally or clandestinely obtained, the pawnbroker shall, in the absence of reasonable excuse, inquire into the name and address of the person concerned, and seize and detain such person and the article, or either of them, and forthwith.....