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Pawnbroker act

(Querist) 13 November 2009 This query is : Resolved 
We are a registered NBFC company doing Micro finance leding at rural parts of India. We are giving loan to the villagers against their jewls? Do we need to register ourself in that act

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Raj Kumar Makkad (Expert) 13 November 2009
Yes, definitely your company is required to be registered under the relevant act.

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