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Money lending business

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 October 2018 Hi - Can a member in practice do a money lending business to earn interest. If not allowed, please inform under which regulations/rule of ICAI is it specifically not permitted.

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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 October 2018 Prior permission is required. Please see clause(11) part I of 1st Schedule of
the CA Act,1949.

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