Amendment of section 13

Amendment of section 13.—In section 13 of the principal Act, for sub-section (1), the following sub-section shall be substituted, namely:— "(1) A licence shall, unless it is sooner cancelled, be valid for a period of three years from the date of its issue: Provided that the licence issued before the commencement of the Goa Money Lenders' (First Amendment) Act, 1988, shall be valid for a period of three years from the date of such commencement."