Money lending business

Swastik Upadhyay (Querist) 28 June 2014 This query is : Resolved
Hello,

I am from Assam. I want to start business of money lending.

Please guide me with the process of registration.
Please also share if you have any other valuable tip to share.

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ajay sethi (Expert) 28 June 2014
you have to obtain licence to act as money lender . read the provisions of money lending act .

Swastik Upadhyay (Querist) 28 June 2014
Thanks a lot...
Can u provide me with any link so that I can read..

ajay sethi (Expert) 28 June 2014
search in bare acts in LCI . or do google search

Swastik Upadhyay (Querist) 28 June 2014
Google does not give for Assam there I see for Punjab,Tamil Nadu etc

ajay sethi (Expert) 28 June 2014
go to any book store in assam selling legal books . buy bare act of money lending act

Swastik Upadhyay (Querist) 28 June 2014
ok thanks a lot :)

Rajendra K Goyal (Expert) 28 June 2014
Consult a local lawyer dealing in the field.

R.K Nanda (Expert) 28 June 2014
contact local lawyer.

T. Kalaiselvan, Advocate (Expert) 30 June 2014
You can consult a local licensed money lender to know about the procedures as per local prevailing law and proceed further as per his/her advise in this regard.

ajay sethi (Expert) 30 June 2014
thanks for your appreciation

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Money lending business

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