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Loan above 20,000/- in cash

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 March 2018 Can a jewellery businessman lend above 20,000/- by taking jewellery from customers in their possession. Is it allowed?
If not may i know the section?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 March 2018 restricted under section 269SS

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