A pawnbroker shall be entitled to insure to the extent of the value so noted in the pawn book.

Punishment for advancing smaller amount or receiving higher interest than that specified in the accounts for other documents: (I) Any money lender, whether licenced or not:

1. (a) who actually advances an amount less than the amount shown in his accounts, registers, pawn-tickets or other documents relating the loan, or (b) who receives interest or other charges at arate higher than the rate shown in the accounts, registers, pawn-ticket or other documents shall be punishable with imprisonment for a tern may extend one

year or with fine which may extend to five thousand rupees or

with both. (2) If a money lender is convicted of an offence under sub-section (1) after

having been previously convicted of such an offence, the Court

convicting him on the subsequent occasion may cancel his license as a money lender.

provisions of this regulation prior to the cancellation of his license.