ghanshyam hemdev (director) 06 February 2013
I am in the bussiness of lending money on intrest and face a long legal hurdle whenever we have a cheque dishonored.
What are the usual delaying tactics applied by the defence and how to overcome most of them.
What precaution letters do I take to ensure that most of these hurdles are not met.
Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com) 06 February 2013
Dear Querist
if you have any Licence for lending money on interest, no hurdle will be face in the cases, you should executed an agreement ( Loan Repayment Agreement)
Feel Free to Call
Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com) 06 February 2013
Offence of money- laundering.- Whosoever directly or indirectly attempts to indulge or knowingly assists or knowingly is a party or is actually involved in any process or activity connected with the proceeds of crime and projecting it as untainted prope ty shall be guilty of offence ofmoney- laundering
Punishment for money- laundering.- Whoever commits the offence of money- launderingshall be punishable with rigorous imprisonment for a term which shall not be less than three years but which may extend to seven years and shall also be liable to fine w ich may extend to five lakh rupees: Provided that where the proceeds of crime involved in money- laundering relates to any offence specified under paragraph 2 of Part A of the Schedule, the provisions of this section shall have effect as if for the words" which may extend to seven years", t e words" which may extend to ten years" had been substituted.
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