LAWyersclubindia LCI
Login  Register
LCI Learning
Master the Art of Contract Drafting & Corporate Legal Work with Adv Navodit Mehra. Register Now!

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Regarding registration of money lending business

(Querist) 08 July 2016 This query is : Resolved 
Dear Sir,

Thanks! in advance.
One of my friend has started a business of money lending two months ago. Now, he wish to legally registered under any act because of difficulty in recovery.
He has listen from someone (MONEY LENDING BUSINESS IS ILLEGAL IN INDIA). So he can not run this business.
Please advise what is legal and way to registered?

regards
vikas
Report Abuse
R.K Nanda (Expert) 08 July 2016
He must take money lending license from concerned local authority.
Rajendra K Goyal (Expert) 09 July 2016
For getting necessary permission as per law, consult local consultant.

Previous
Next

You need to be the querist or approved LAWyersclub expert to take part in this query .


Click here to login now





Ask Query
Unanswered Queries

Laws Follow us





Browse by Category

Stay updated with latest Posts!