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(1) An inspection fee shall, in addition to the licence fee leviable under section 5, be levied on a money-lender applying for a renewal of a licence at the rate of one per cent. of the maximum capital utilized by him during the period of licence sought to be renewed or 1[fifty thousand rupees, whichever is less]. (2) An application for renewal of a licence shall not be allowed unless the inspection fees under sub-section (1) is paid. Explanation.- For the purposes of this section, "maximum capital" means the highest total amount of the capital sum which may remain invested in the money-lending business on any day during the period of licence.
<span style="margin-left:15px;"></span>(<i>1</i>) An inspection fee shall, in addition to the licence fee leviable under section 5, be levied on a money-lender applying for a renewal of a licence at the rate of one per cent. of the maximum capital utilized by him during the period of licence sought to be renewed or <sup>1</sup>[fifty thousand rupees, whichever is less]. <br> <span style="margin-left:15px;"></span>(<i>2</i>) An application for renewal of a licence shall not be allowed unless the inspection fees under sub-section (<i>1</i>) is paid. <br> <span style="margin-left:15px;"></span><i>Explanation</i>.- For the purposes of this section, "maximum capital" means the highest total amount of the capital sum which may remain invested in the money-lending business on any day during the period of licence. <br>