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Heena Soni   23 May 2024

Does a patpedhi have to be registered to give mortgage laon?

I want to know that Does a Patpedhi have to be registered to give mortgage loan?

If yes, with whom the registration is done:?

How to check registration of a patpedhi?

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 2 Replies

T. Kalaiselvan, Advocate (Advocate)     23 May 2024

Patphedi is a Registered CREDIT CO-OPERATIVE SOCIETY ,formed & registered under Societies registration Act 1960 by it\'s members & shareholders contributing Capital in the form of Deposits among themselves & distributing Loan to It\'s members.

You may check with the website of the registration department for confirmation in this regard

1 Like

Dr. J C Vashista (Advocate )     24 May 2024

It is a Bank formed for deposits and loans to its members, which has to be registered as a "Society" under the provisions of Societies Registration Act, 1860 with Registrar of Societies and Firms of the district / state / union of India . 

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