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Gold Loan

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(Querist)
02 June 2010 one of my friend doing gold loan business.
We want to know about registration of our firm. we are giving Loan against gold. Suppose gold value is 1,00,000/- Loan eligible is 75,000/- along with 1 % interest every month.
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
02 June 2010 One method is you have register yourself as a pawn broker and another method you have to form a NIDHI (mutual benefit company).
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TR Nagaraja

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TR Nagaraja (Querist)
05 June 2010 How to register in pawn broker ? what are the documents required and what about fee for that.
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