Section 2(9)(a) in The Punjab Registration of Money-lender's Act, 1938
(a)a person who is the legal representative or is by inheritance the successor-in-interest of the estate of a deceased money-lender together with all his rights and liabilities; provided that such person only -(i)winds up the estate of such money-lender;(ii)realises outstanding loans;(iii)does not renew any existing loan, nor advance any fresh loan;