Who can do hire purchase business in india

hi everyone

i want to know that, how can we start hire purchase business in inida,

can proprietorship firm can do hire purchase business 

what are reg. and license required to do so ????

thanks in advance

Replies (3)
Quick Summary
This discussion explores starting a hire purchase business in India. It confirms that individuals, including proprietorship firms, can engage in this business. While no specific license or registration is mandated by the MCA, the key lies in creating a robust hire purchase agreement and managing accounting aspects like GST and TCS compliance.

Hire purchasing is a business which can be done by anyone I guess. Technically, anyone can operate any business once they declare their nature of business to mca or companies registrar 

1. Anyone can do hire purchase business
2. proprietorship firm can also do hire purchase business
3. No license and no registration.

But the entire strength lies in drafting a very detailed hire purchase agreement. Also, accounting is a tricky but manageable part given that GST aspect, TCS aspect needs to be complied as well.

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