Money landing license

dheeraj (Querist) 03 September 2013 This query is : Resolved
dear I want to take money lending license please suggest me how to apply for u.p.

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Advocate Ravinder (Expert) 05 September 2013
1. Should be registered with Registrar of companies.
2. Should take licence/certificate from Reserve Bank of India u/s 45 of RBI Act., which will be applicable for all over india.
3. Alternatively you can also obtain money lending licence from the concerned State Govt. The state govt established some coop societies/departments for the purpose of the above.
4. Should file IT returns properly.
5. Should take police clearance.
6. Should inform District Collector.

Rajendra K Goyal (Expert) 05 September 2013
Consult your financial adviser.

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