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

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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.

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