Hand loan by cash

Hello experts, Can i give hand loan of Rs.300,000/- by cash withdrawn from firm's bank account to other firm with a cheque as security?
Also if he fails to repay, can i file for cheque bounce case?
Replies (4)
Originally posted by : Ravindra Gupta
Hello experts, Can i give hand loan of Rs.300,000/- by cash withdrawn from firm's bank account to other firm with a cheque as security?Also if he fails to repay, can i file for cheque bounce case?

 

Query not cleared...

Cash or Bank...??

Cash which is not black money ie shown as cas h in hand
Originally posted by : Ravindra Gupta
Cash which is not black money ie shown as cas h in hand

 

No way for Cash above 2 lakhs...

no way for cash loan of Rs 20000 or more refer to sec 269SS

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