Circular of the Industries and Commerce Department, Government of Karnataka dated 2nd November, 1971 on section 4 of the Karnataka Money Lenders Act, 1961 [C10-MJJ]

F. No. 27/1/1971-DEPA

Government of Karnataka

Industries and Commerce Department

dated the 2nd November, 1971

To

All Registrars and all Controllers

Subject: Section 4 of the Karnataka Money Lenders Act, 1961 (Karnataka Act 12 of 1961), the warehousing of goods, regarding.

1. References have been received in the Industries and Commerce Department, Government of Karnataka seeking clarification on the manner in which section 4 of the Karnataka Money Lenders Act, 1961 (Karnataka Act 12 of 1961) (hereinafter referred to as the Act) is to be applied to warehousemen who undertake the warehousing of goods at more than one place.

2. The matter has been examined. Section 4 of the Act requires every warehouseman to make an application for registration to the Registrar within the period stated in that section.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the warehousing of goods is undertaken, and the Registrar shall process each application in accordance with section 4 of the Act and the rules made thereunder.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Industries and Commerce Department, Government of Karnataka.

(Under Secretary to the Government of Karnataka)