RAJ KUMAR (FINANCE MANAGER) (1393 Points)
04 September 2012HELLO FRIENDS, MY CLIENT WANTS TO START THE FINANCE BUSINESS IN PARTNERSHIP, THE BASIC AIM IS TO PROVIDE THE FINANCE TO PUBLIC AND THEY DO NOT WANT TO ACCEPT ANY DEPOSITS.
IS THERE ANY SPECIAL APPROVAL REQUIRED OR NOT.
CAN THEY CHARGE ANY AMOUNT OF INTEREST.
IS THERE ANY RATES NOTIFIED
PLS. HELP ME.
THANKS
Shridhar Shah
(Chartered Accountant in Practice)
(172 Points)
Replied 04 September 2012
Just doing business like 'shroff', need not any special approval.. Just local registration.
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