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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Heena Soni 23 May 2024
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?
Read more at: https://www.lawyersclubindia.com/forum/create_message.asp
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
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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