Whether an individual can do gold loan finace buisness??if yes,what will be the procedure??
CA. Jatin Sachdeva (Chartered Accountant) (28 Points)
03 June 2013Whether an individual can do gold loan finace buisness??if yes,what will be the procedure??
CA RAKESH TALWAR
(Senior Partner)
(107 Points)
Replied 03 June 2013
No an Individual cannoy get into any finance Business on commercial basis, However it is Ok ionly upto personal level or friendly loans with some nominal Interest. Also incase of any default if the matter going to court, the first question coming up in the court will be about the Licence & permiss. Thion for doing Finance Business.
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