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usa greencard owner can lend money in andrapradesh

Querist : Anonymous (Querist) 29 March 2011 This query is : Resolved 
sir my brother is a greencard owner in u.s.a he lend rs 500000 to person in nalgonda a.p. before lending he did not have a licence for money lending can he recover through courtsof A P
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M.Sheik Mohammed Ali (Expert) 29 March 2011
best way made agreement in both parties and get the pro note, and PDC cheques,
Advocate. Arunagiri (Expert) 31 March 2011
Yes he can lend. Need not have a license, as long as he starts this lending as his business.

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