Venu 30 November 2015
Hello Legal Experts,
My brother has a Finanace company, he is lending money to who want.so i have 1 lakh rupee, i want to give money to my Brother x% and that to be monthly interest have to pay to me for Y years.
So please kindly suggest me to how to approach and which way is good for me legally if i will get some problem with him.
Adv. Yogen Kakade (+ 91 9225510883) 30 November 2015
Hi,
Investing money as investment or for returns is legal. but you have to seewhether your brother has a valid license of doing this business (license for money lending).
Remember, even though he is your brother, while giving the money, pay it by cheque.
Execute a MOU (memorandum of understanding) for this transaction.
Adv. Yogen P. Kakade
Jurycon Incorporation
Advocates & Consultants
Email: juryconincorporation@gmail.com
Web: www.juryconn.in
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