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DISHA SHAH (professional) 08 January 2016
Money lending contact between individuals without their registeration of being lender is not valid at all , even if you done contract via stamp paper , there is no legality in that
sathyanarayanan (advocate) 26 January 2016
The term money lender denotes a person who lends money as his regular business, he only needs a licence.if a person gives money to few known people they won't need licence.no registration is required.
CA CMA CS Ram Pavan Kumar Melam (CA) 01 February 2016
In case of lending you have to take a demand promissory note / promissory note. In case of a contract, any party to the contract can approach the court for violation or non-compliance to the terms of the contract. Money lending itself is not a contract. If it has other activities such as hirepurchase etc. you can take an agreement from him.