Ni act
Velavartipati Vachaspati
(Querist) 11 November 2011
This query is : Resolved
Dear Sirs,
I would like to know the following facts:
Is keeping empty cheques and Promisory NOtes crime? Most of the private money lenders do this in India. What is the procedure to do the money lending business? Who need to give the permission? Most of the private money lenders rotate lakhs of rupees in India over people but never pay Income Tax, though some have Pan Card. Some private money lenders demand interest monthly, weekly and even daily.....I seek experts opinion in this regard.
Nadeem Qureshi
(Expert) 11 November 2011
keeping empty cheques and promisory notes is not crime.
Sankaranarayanan
(Expert) 11 November 2011
yes i do agree with mr nadeem, but if you write the cheque and use them without his consent or knowledge then it may be problem
ajay sethi
(Expert) 11 November 2011
for doing money lending buisness you need a money lending licence . if you dont have licence and if you have lent money you will find it diffcult to recover without licence
you cannot charge any amount as interest . legally ther must be a clause as to interest to be charged .
Shonee Kapoor
(Expert) 11 November 2011
Agreed with Ld. Mr. Sethi and Mr. Qureshi.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
Velavartipati Vachaspati
(Querist) 11 November 2011
I don't think so...
Keeping the empty cheques and promisory notes means blackmail. I reqeust the experts to verify the acts again.
R.Ramachandran
(Expert) 12 November 2011
Dear Mr. Vachaspati,
Thanks for enlightening us.
Can you for our benefit indicate, according to you under which exact provisions of law, keeping empty cheques and Promissory Notes are crime?
prabhakar singh
(Expert) 14 November 2011
Dear!author : Velavartipati Vachaspati!
When you were sure about your answer what made you to post the query???
ek shair urge hai khidmat mae!
afsos ye hota hai ki ye daure tabahi hai !
katil hi muhafiz hai aur katil hi sipahihai!!
ajay sethi
(Expert) 14 November 2011
prabhakar singh is multi talented . he is a good poet too
