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Can partnership firm do finance business?

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2016 Dear all

my client registered a partnership firm i.e., puja finance (with 3 Partners)

can partnership firm give loan in individual customers and Commercial customers?

if no

what type of registration required to do finance business
please give reply
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
15 April 2017 No, go for Micro Finance, NBFC, Society

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