Moneylenders Act, 1933

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Prohibition of issue of documents implying a moneylender is a banker.

8.—If a moneylender, for the purposes of his business as such, issues or publishes, or causes to be issued or published, any advertisement, circular or document of any kind whatsoever containing expressions which might reasonably be held to imply that he carried on banking business he shall be guilty of an offence under this section and shall be liable on summary conviction thereof to the following penalties, that is to say:—

(a) if such person is an individual—

(i) in the case of a first offence, a fine not exceeding one hundred pounds, and

(ii) in the case of a second or any subsequent offence, a fine not exceeding one hundred pounds or imprisonment for any term not exceeding three months or both such fine and imprisonment;

(b) if such person is a company—

(i) in the case of a first offence, a fine not exceeding one hundred pounds, and

(ii) in the case of a second or any subsequent offence, a fine not exceeding five hundred pounds.