Loan abpve 20,000/- in cash
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 September 2017
Can a person doing vehicle finance business lend above 20,000/- to its customer on basis of hire purchase agreement in cash?
Also many jwellery businessman lend above 20,000/- by taking jwellery from customers in their possession. Is it allowed?
Also many jwellery businessman lend above 20,000/- by taking jwellery from customers in their possession. Is it allowed?
CA R SEETHARAMAN
(Expert)
26 September 2017
Lending above 20000 in cash including jewelry business not allowed.
CA Rashmi Gandhi
(Expert)
27 September 2017
You are not allowed to lend above 10000/- in cash.....
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