what is the legal formalty making new money lender licence ( Individual) in Tamilnadu?
MOTHI LAAL (Manager) 10 September 2012
what is the legal formalty making new money lender licence ( Individual) in Tamilnadu?
JANAK RAJ VATSA (ADVOCATE) 10 September 2012
you have to approach the sales tax dept
Formal permission of RBI would be required. Since guidelines of the RBI about NBFCs cannot be provided in brief, you would need to contact and hire services of some expert on Non-Banking Finance issues, locally or through email, for detailed guidance on how to proceed further to avoid legal complexities.