Registration fee.

(1) The person who makes an application under section 11-B shall pay in the prescribed manner a registration fee at the rate of Rs. 1,000 per annum in respect of each district in which he carries on or intends to carry on the business of money-lending : Provided that the State Government may, by notification, exempt any class of persons from the payment of the registration fee either generally or for any specified area. (2) A registration certificate may, at the request of the applicant therefor, be granted for a period of five years.