LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Ni act- money lending license

Page no : 4

Anil Agrawal (Retired)     27 November 2011

What is the proof that that complainant gave you money? Did he give it by cheque and you deposited it in your bank account?

Velavartipati Vachaspati (Telugu Press)     28 November 2011

Respected Agarwalji,

I would like to know from you regarding the following questions:

I work in the Press and wants write an article regarding Private Money Lenders in my town involving Lok Adalat and Police.  I notice number of victims from these Private Money Lenders......

1. Is keeping Blank Cheques legal? If yes, under what sections. If illegal, what are those sections.

2. Lending Money  (Say some lakhs of rupees) without licence. is legal?

3. Most of the Private Money Lenders avoid IT payments...what are those sections offended under IPC?

4. Most of the Private Money Lenders indulge in the collection of abnormal rate of interest  i.e. monthly, weekly or even daily, is it comes under money laundering? If yes, what are those provisions?

lissing perme (unemployed)     06 January 2013

Any others comment on this topic???

vijay kumar trivedi (Research Associate Education)     12 November 2022

any info for the state ofrajasthan sir?

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register