Documentation

Querist : Anonymous (Querist) 14 August 2011 This query is : Resolved
iam running the finance its a daily finance and monthly finance , what document should i take from the other side members which are taking finance from me. give me the details about that. give me a discribtive about documents

Follow Query

Report Abuse

ajay sethi (Expert) 14 August 2011
are you a moneylender? then obtain a money lender licence

Ravikant Soni (Expert) 15 August 2011
You must hold money lender liecense.

Documents you need for secure debt:

1- Loan agreement/promissory note properly stamped.
2- post dated cheques.
3- Deed of guarantee if any.

M/s. Y-not legal services (Expert) 15 August 2011
You should be a licensed money lender.. Then your should be obtain a promissory note with two witness for your loan amount.. Thats enough.