Money lending act applicability to nbfc's

Querist : Anonymous (Querist) 10 October 2011 This query is : Resolved
How does money lending act apply to NBFC's into corporate lending? If it does, is it required to secure a transaction with negotiable instruments to be compliant?

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Sailesh Kumar Shah (Expert) 10 October 2011
PMLA applicable in NBFC.

Guest (Expert) 10 October 2011
every state has separate moneylenders act. check the same

money lenders act is different from prevention of money laundering act

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