I have a company in Mumbai and want to commence business of money lending then how should I register under Maharashtra Money lending Act, 2014??? Further, I wanted to know can I advance loan and mortgage property from the debtor after taking the Licence???? I have gone through the entire act, but didnt find the anwer that whether a money lender can advance loan and take immovable property as a securitty. The Act defines Pawn-broker who can advance loan and take goods in pawn as security for payment of such Loan. Does the word goods include movable as well as immovable property?? Please help me on the above query??/
