Law On Money Lending Business In India

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The subject of this book is Private Money Lending and Pawn Broking law as applicable in various States of India, being a matter of the State List of the Constitution of India. It gives a complete over-view of the law on money lending when done as a business and delves into the salient features of all the money-lending legislations of different States.
The scope of this book includes:

  • The requirement of registration
  • Maximum permissible rate of interest allowed
  • GST and Income Tax Act provisions
  • Gist of RBI Report
  • Legal Action in case of default on repayment
  • Documents and forms of Agreements