Cheque discounting bussiness requirement for registration?

This query is : Resolved 

16 April 2013 Is there requirement to registered cheque discount bussiness??
If yes then under which act ??
Is it benificial to register cheque discount business ???
Procedure for registration and where to register it??

Plzzz suggest me ur valuable feedback..

31 May 2013 Generally this business is permitted to the banks. I do not think any licence will be issued to individual


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