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kunal (manager)     31 December 2011

Bombay moneylenders act


Am running retail gold jewellery store in mumbai and now i wish to start providing loan against gold by acquiring money lenders license.

Can anyone tell me what is the the maximum rate of interest that could be charged on gold loan as per the moneylenders act.

thank you


 5 Replies

DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE )     31 December 2011

you will be earning interest so pay some money to legal adviser for proper advise.

rahul chavan (Proparator)     01 January 2012

We want to form public unlisted company. Kindly guide us procedure for the registration &  fund rising related documentation procedures.

harpreetdhanvi (Legal Officer)     02 January 2012

Can an LLP or Pvt. Ltd. obtain moneylenders liscence under its name.

sagar bedre (Consultant)     08 February 2012

yes, there is procedure to apply for license in maharashtra, feel free to call on 9850504350 for querries.

DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE )     08 February 2012

Any legal entity can seek and get money lenders liesence.

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