Amendment of section 7 of Bom. XXXI of

In section 7 of the Bombay Money lenders Act, 1946, to sub-section

1. (1) the following provisos shall be added, namely :— " Provided that, the Registrar shall grant such licence in the Scheduled Areas after consultation with the Gram Sabha and the Panchayat concerned, and where the area of the licence extends to more than one Gram Sabha or Panchayat then all the concerned Gram Sabha and Panchayat Samiti, within whose area of jurisdiction the money-lender carries on or intends to carry on, the business of money lending: Provided that the decision taken by majority of the Gram Sabhas concerned by passing a resolution in any of the above matters shall be binding on the concerned Panchayat Samiti. Explanation.—For the purpose of these provisos,—
   • (i) the expression "Gram Sabha", "Panchayat" and "Scheduled Areas" shall have the meanings, respectively, assigned to them in the Bombay Village Panchayat Act, 1958 ;
   • (ii) the expression "Panchayat Samiti" shall have the meaning, assigned to it in the Maharashtra Zilla Parishads and Panchayat Samitis Act, 1961."