Vidhi Codex

The Puducherry Pawnbrokers Act, 1966

The Puducherry Pawnbrokers Act, 1966

General196633 sections

This Act extends the Madras Pawnbrokers Act, 1943 to the Union territory of Puducherry. It regulates the business of pawnbrokers who lend money against personal property. The legislation adapts the previous Madras law to fit the local administration, replacing references to the State of Madras with the Union territory and the State Government with the Administrator. It establishes rules for jurisdiction, interest rates, and the appointment of inspectors to ensure fair practices in the lending industry within the territory.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Extension and adaptation
  3. 3. Power to remove difficulty
  4. 4. Repeal of existing law
  5. 5. Pawnbrokers to exhibit their names over shops, etc.
  6. 6. Interest and charges allowed to pawnbrokers
  7. 7. Pawn ticket to be given to pawner
  8. 8. Conditions relating to redemption of pledge
  9. 9. Section 9
  10. 10. Pawnbrokers to keep books, give receipts, etc.
  11. 10-A. Pawnbroker to keep pledge in his shop or place of business
  12. 10-B. Appointment of Inspectors and their powers
  13. 11. Redemption of pledge
  14. 12. Sale of pledge and inspection of sale book
  15. 13. Liability of pawnbroker in case of fire
  16. 14. Compensation for depreciation of pledge
  17. 14A. Power to cancel licences, etc.
  18. 14B. Publication of order of cancellation
  19. 14C. No compensation for cancellation of licence
  20. 14D. Auctioneers to maintain certain registers
  21. 15. Pawnbroker advancing smaller amount or receiving higher interest than that specified in accounts to be punishable
  22. 16. Certain other acts of pawnbrokers to be punishable
  23. 17. Certain acts of pawners to be punishable
  24. 18. General penalty for contravention of Act, etc.
  25. 19. Jurisdiction to try offences
  26. 20. Omitted
  27. 21. Contracts not to be void on account of offences but interest and costs not to be allowed in certain cases
  28. 21A. Omitted
  29. 22. Power to make rules
  30. 23. Omitted
  31. 24. Omitted
  32. 25. Omitted
  33. ANNEXURE. THE MADRAS PAWNBROKERS ACT, 1943 (As extended to the Union territory of Puducherry)

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