Appointment of Inspectors and their powers

(1) The Government may, by notification, appoint one or more persons to be Inspectors for the purposes of this Act and specify in such notification the local limits of their jurisdiction. (2) Every Inspector shall be deemed to be a public servant within the meaning of section 21 of the Indian Penal Code. (3) (a) (i) A District Magistrate, an Additional District Magistrate or a Sub-Divisional Magistrate may, on receiving a report from an Inspector that a person carries on without a licence or that a money-lender carries on in contravention of the provisions of this Act or the conditions of licence granted thereunder the business of money-lending at any place within the jurisdiction of such Magistrate, issue a warrant empowering the Inspector to enter such place with such assistants as he considers necessary and inspect the books, accounts, records, files, documents, securities, safes and vaults in such premises. (ii) On receiving the warrant referred to in sub-clause (i), the Inspector may enter the place and inspect the books, accounts, records, files, documents, Securities, safes and vaults in such premises and may take to his office for further investigation such books, accounts, records, files documents and securities as he considers necessary: Provided that if the Inspector removes from the premises any books accounts, records, files documents and securities, he shall give to the person in charge of the place, a receipt describing the books, accounts, records, files documents and securities so removed by him: