money lending licence in goa
irfan
(Querist) 22 June 2009
This query is : Resolved
Is private money lending business in goa legal??
if yes would i require to obtain money lending licence & what is the procedure to obtain it?
is there any limit on lending interest rates???
thanks
adv. rajeev ( rajoo )
(Expert) 24 June 2009
Yes. MOney lending is not barred but it requires money lending license. You have to apply for the money lending license to Dist., registrar of co-0p., societies.