Section No :

1980 Revised version PAWNBROKERS Marginal Notes 1. This Ordinance may be cited as the Pawnbrokers Ordinance. 2. Date of operation and application of Ordinance. 2A. Certain persons prohibited,. from carrying on the business of a pawnbroker. [47,11 of 1963.] 3. Pawnbroker's "licence. 3A. Transfer of business without prior approval of Government Agent to be void. [3, Law 23 of 1973J 4. Copies of licence to be sent to Superintendents of Police. [4, Law 23 of 1973.] 5. Application for licence. 6. Persons entitled to a licence. [2, 55 of 1956.] 7. Issue of licenses to certain persons prohibited. [47, 11 of 1963.] 8. Refusal of licence. 9. Auctioneers not entitled to licence. 9A. Security to be furnished before licence is issued. [ 4, 55 of 1956.] 10. Notice of pawnbroker's absence from Sri Lanka. 11. Hours of business. 12. Pawnbroker not to act as auctioneer. 13. Notices, &c, to be exhibited by pawnbrokers. 14. Language to be used in entering particulars. 15. Books to be kept by pawnbrokers. 16. Pawn tickets 17. Rate of interest. [7, Law 23 of 1973] 18. Pledges redeemable within one year. 19. Pledges to continue to be redeemable until sale. 20. Procedure for redemption of a pledge. 21. Compensation for depreciation of pledge. 22. Protection of owners and of pawners not having pawn tickets. 23. Pawn tickets to be retained by pawnbroker after redemption or sale of pledge. 23A. Application and return of security furnished by pawnbrokers. [ 5, 55 of 1956.] 24. Liability of pawnbroker in case of fire.[, Law 23 of 1973.] 25. Receipt of pawnbroker. [11, Law 23 of 1973.] 26. Pledges to be sold by auction. 27. Notice of sale. 28. Procedure at sale of pledge for more than the amount of the loan, interest and business turnover tax. [13, Law 23 of 1973.] 29. Procedure on sale of pledge before the appointed date for more than the amount due and interest. 30. Method of giving notice under sections 26, 27 and 28.[ 14, Law 23 of 1973.] 31. Purchase of pledges by pawnbroker. 32. Power to inspect sale books. 33. Proceedings where persons offering articles in pawn do not give a good account of themselves. 34. Pawnbroker's book subject to examination. 35. Power to search pawnbroker's shop or residence. [ 6, 55 of 1956.] 36. Offences by pawners and other persons. 37. Offences by pawnbrokers. 38. Prohibition of taking in pawn linen, clothing, unfinished goods, &c, in certain cases. 39. Pawnbroker failing to deposit in the kachcheri money lying to the credit of a pawner. 40. Offences by servant or agent of pawnbroker. 41. Penalty. [15, Law 23 of 1973.] 42. Cancellation of pawnbroker' licence. 43. Articles in unlawful possession of pawnbroker. 44. Sums of money deposited to pawner's credit in kachcheries. 45. Agents, servants, &c, of a pawnbroker. 46. Keepers of certain shops to be deemed pawnbrokers. 46A. Regulations. [ 7, 55 of 1956.] 46B. Delegation of powers, & c., by the Government Agent.[ 7, 55 of 1956] 46C. Burden of proof.[ 47, 11 of 1963] 47. Interpretation.