A

THE. N . M :,1 A~· 0 NICDB R ISlANDS                        - CN Y-LfiND~qs

;-\EGULA ''lCN, 19')-)

No.2 of. 19')6

. 'Tied ~5 On ,;:lte 31st ~."I' .. 1993 )

-, BLISHED BY IJTHQ'1ITY

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###### ar: :-!::D BY

The Man~ .er J Govel.'nment 'PrP.'Gs.
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                         Pnrt B13ir

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(IN JUNE 1993)

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THE.N '1A7' AND NICOB, ISL:"'NDS

MO\IEY LENOF.aS .1:::G!JL\.ICN" 19')t=i

No.2 of 19'16

                                       - PrOGluJ:; -I:.C'(! by th~ P.rc;sic.cnt in tho SGvcnth

Y~~r of ~h~ Ro~ub ic of India.

A RGJulr:l.L:i,.cm to I' .,_;ulaf:._J Cln:l control the transactions

###### of moncy-i I cndin ', in th" Andam;:m and j licQb~r Ls I an s •

 • In ex :rcis8 of th'? DO'N~rS conf'or r-oo by r:laus0 (2)

of '1rticl-' ?'1.1 of 'th,? c on s t i.t.u t Lon , th. Pr-si J,:;!\t is

nl aascc to. :-romul_:;qtc? +.ho followin;                       - o ju Lo t Lon m .-)

by him:-

C 1'ri::a I

PRELIN IN. RY

###### t ti tl -: ex- (1) This Ho .u l a+Lon may h~ c al Lo.: the: Anc man and .

, ;:;Inri commc-

nerrt, , N'i c o bar- lsl;mas Mon_y,lonrt.)rs R(?_;ul'3t.ion, 1-9,)1').

                                                                   - 2 .. )
###### ( It :;xtonr:1s to th,: whole of tho Anr.aman nnd

Ni cobar lsI n':s.

{3) `It` `sh311` como into forc `On` `such1dato` as `tho`

Chief Comrrd s s Lonor- rna, t by no t Lf i.ca t Lon in tho

###### effici;:il G.,,! z o t to, a~ooint.

 initions. 2.
 r-)~uir:;s, -

of 1949. (a) 'brlnk' rne an s a b-mk i n: company as dofincd
~ \'

###### in the B"ln.,in J eomn,.ni;s Act, 19 r9 4Lan
 includes tho State: B"nk of Lnr+i. constitu-
 of .195'3. t~rl undor' t ho Stat~ Bank of Iridi e . ct, 195'il

(b} 'Chief Corrmi.s s i.oncr- r rne.::'\ns th? Ch.i cf Cornmi-

###### s s i.orior' of the An aman an Ni c ob ir- Isl.an(4s;

_(c)_ "Comr-or ry ' rnc=m s ., com+eny rlS dof Ln s d in !-,h'

7 -of 1'913 Inci sn Comr an Lo s Act, J 9 J 3~ arv ' Lnc Lu do s 8r

comrvmy f orrnor' 1n~ r o jist,:r~ ou t s i do Indi;

of 19.12 (d) 'Co-o';;10r,tiv _ s c i.o+y ' m·.;:ms a co-o~orativ,

sr-c Le t , rr; ' is+: __ r._f. Un': ,I- th;~ C -o:>2rativ€

`Socioti0S` Act, )9J2, `or un<` `or` `~ny` `othor` 1

###### for +ho t irno b .in.: in f or-co in ~ny St,"lt-' f
 t.ho r-o ist.r.:'ltion of c0-o:or.:>.tiv::? soc i.at.Lo s


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(v) ~n ?rly-'"\nc~ m"'d'~ to -=l subscriber to, or () 000si tor;t

###### in~ ~ Pr~vi~6nt Fun~ from thQ ?IDount st~ndins t~
 his cr~0.it in th2 Fun in Jccorj?nCG with rul~s

**_-_** **_.. 1._**

6f th ~ funcl'.

(vi) ." Lc in tr, or hy -1n Insur enc o _com';:'r-my_ = s (hfinc.?d

1938. in tro Ln s u r aric ~ Act t J 938.

(viii) an ''lGvanc:) _m:lr)a_ r n tm b= s i.s of nC?}otir'!blc

###### instrumo, t 15 dcf Lnor' in th':' N.>::;otiablo Instru-

],:681 ments Ac t , 881, oth",r t.h-m a ~ ~issory note;

###### (ix) Fl m";r~~' "'_y ("If ~Cl00 {If!. tr2.·t which

flccom!:,,"Ini Ii by rl bene be in~ int.~rost ox ocu t.cd

###### in r e s ooc t of tho sU::'T')ly of such cor s on cr?di,t;

(j) 'm0r>G~'-1(2ndGrf m,~?ns a :'Ol'son ottior t han

b"mk-

(i _J_ w C"c""rri's on `thO?` bu s Iric s s of monoy-lEndino `In`

                                                     -
###### the Isl'ln~'s or /

( va .. i, ) `who` [h][.][:][:][>][s ] i1 rlr:c0 r:f suc l, ~ ~n ...• s `in` tr[-]e [L]s[.]l a[n][cl]s ,
```
                        lnclu~ s ~ D~wn-brokcr;

```
(,:) 'mcn.cv-, lc , rlin-, business' or "bu s i.n o .. s s of

m\'l'cy-L.nrlin I mi:." ns the ru~:_ .f'L s ~ ~f " v vn c i.rvj

###### Inans (~. t hor- so l o.Iy or in common with any o t h c

::)u ~in:~ s s ;

(1 ) rneans 1 :--crson who c ar-r i os on

###### I th(~ husin )SS f takin~ ]o0ds n. chattels
 in :--"~wn for 3 loan;

(m)                          - =-,?vm"r I rn a <n s a !,,<?r son c(;liV0rinJ on rticl C?

###### f 0r n~\,1Ifl to -'" :'Bwn-bro co r- ;

by tho Ch~nf Comnu s s l oncr- un<1QX' t is ,=t Julati

_(c:)_                                  - "'rinci A1' in r'}l;:ji:i .. on to , Lr-an mo en s tho

elmo T"L =c tu .. nlly lent -to the do btor:'

`01` (\",) , T(~vir4r:nt Fun .. ' me> ::IllS 1 lPF.0vic:mt Fund as

r.~fi..n~d in th ..... Provident Funl'is, Act, 192')~ en:

.i nc Luc '?s a Govor nmerrt Provident Fund nne' -9

`:i",ilw·y` PrevidQnt Func 2IS dofincd in `thi3t` Ac

1
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