Regarding unsecured loan
This query is : Resolved
Naveen Chand Kumawatt
(Querist)
14 August 2013
Whether a person can take loan or deposit through NEFT/RTGS and does it contravention of Section 269SS?
14 August 2013
Yes loan can be obtained through NEFT/RTGS. It will be compliance with Section 269SS since Section 269SS prohibits acceptance of loan in cash.
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