Want to start an escrow business
This query is : Resolved
01 April 2013
Hello, I want to start a private escrow business. I have a lot of doubts and queries.
Is Escrow legally allowed in India? Is it allowed only for Banks etc. Can I register a Pvt Ltd Company with nature of business as Escrow. Is there any accredition company or other agency to certify escrow companies for operating in india?
Any help will be appreciated
Is Escrow legally allowed in India? Is it allowed only for Banks etc. Can I register a Pvt Ltd Company with nature of business as Escrow. Is there any accredition company or other agency to certify escrow companies for operating in india?
Any help will be appreciated
01 April 2013
any body can please answer....
refer to this link for escrow - https://en.wikipedia.org/wiki/Escrow
refer to this link for escrow - https://en.wikipedia.org/wiki/Escrow
23 May 2013
Escrow account is legally permitted in India and for that you should be either an advocate or a CA or a person of high repute or a banker or a person on both the parties to the dispute or transaction are ready to keep the money in escrow with that person. For this no certificate from any person, authority or RBI is required
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