Section 6

of Finance Companies Act 1969

ActIn forceProvision 7 of 53

Section 6

Nothing in this Act shall authorize a licensed borrowing company to—

(a)

accept any money on deposit or loan which is repayable on demand by cheque, draft, order or any other instrument drawn by the depositor on the licensed borrowing company; or

(b)

deal in—

(i)

gold; or

(ii)

foreign currency.

Read in full context — Finance Companies Act 1969 →