section 19
Transfer of licence to legal representative
Tamil Nadu Money-lenders Act, 1957Finance195725 sections
Statutory text
Transfer of licence to legal representative
- (3) The licensing authority may, if he is satisfied that the applicant is in fact the legal representative of the deceased and that he is otherwise eligible to a licence under this Act, transfer the licence in the name of the applicant after obtaining from the applicant a declaration in the prescribed form.
- (4) Any licence transferred under sub-section
- (3) shall be deemed to have been granted to the applicant himself and shall be valid for the period for which it would have been valid if the licence had not been transferred; and the provisions of this Act shall apply accordingly.
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