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[Cites 0, Cited by 0] [Section 10] [Entire Act]

State of Tamilnadu - Subsection

Section 10(1) in Tamil Nadu Pawn Brokers Act, 1943

(1)Every pawnbroker shall -
(a)regularly record and maintain or cause to be recorded and maintained in a pledge book in the prescribed form, an account showing for each pawner separately -
(i)the date of the loan, the amount of the principal of the loan and the rate of interest charged on the loan per cent per annum or per rupee per mensem or per rupee per annum;
(ii)the amount of every payment received by the pawnbroker in respect of the loan and the date of such payment;
(iii)a full and detailed description of the article or of each of the article taken in pawn;
(iv)the time agreed upon- for the redemption of the pawn; [***] [The word 'and' was omitted by section 7(1)(a)(i) of the Tamil Nadu Pawnbrokers (Amendment) Act, 1961 (Tamil Nadu Act 31 of 1961).]
(v)the name and address of the pawner, and where the pawner is not the owner of the article or of any of the articles pawned, the name and address of the owner thereof; [and] [This word was added by section (7)(1)(a)(ii)of the Tamil Nadu Pawnbrokers (Amendment) Act, 1961 (Tamil Nadu Act 31 of 1961).]
(vi)[ such other particulars as may be prescribed.] [This sub-clause was added by section 7(1)(a)(iii)of the Tamil Nadu Pawnbrokers (Amendment) Act, 1961 (Tamil Nadu Act 31 of 1961).]
(aa)[ regularly record and maintain or cause to be recorded and maintained a cash book in the prescribed form indicating the actual cash balance;] [This clause was inserted by section 6(1) of the Tamil Nadu Pawnbrokers (Amendment) Act, 1993 (Tamil Nadu Act 1 of 1994).]
(b)keep and use in his business the following documents and books which shall be in the prescribed form and enter therein, from time to time, as occasion requires, in a fair and legible manner such particulars and in accordance with such directions as may be prescribed: -
(i)pawn-ticket;
(ii)sale book of pledges;
(iii)declaration where pledge is claimed by owner;
(iv)declaration of pawn-ticket lost; and
(v)receipt on redemption of pledge;
(c)give to the pawner or his agent a receipt for every sum paid by him, duly signed and, if necessary, stamped at the time of such payment; and
(d)on requisition in writing made by the pawner, furnish to the pawner or if he so requires to any person mentioned by him in that behalf in his requisition, a statement of account signed by himself or his agent, showing the particulars referred to in clause (a) and also the amount, which remains outstanding on account of the principal and of interest, and charge such sum as the [State] [This word was substituted for the word 'Provincial' by the Adaptation of Laws Order, 1950.] Government may prescribe as fee therefor:
[Provided that no such statement shall be required to be furnished to a pawner if he is supplied by the pawnbroker with a pass book in the prescribed form containing an up-to-date account of the pawnbroker's transactions with the pawner.] [This proviso was added by section 7(l)(b) of the Tamil Nadu Pawnbrokers (Amendment) Act, 1961 (Tamil Nadu Act 31 of 1961).]