https://www.taxtmi.com/forum/issue?id=116261 Whether a person offering retail loans secured by promissory notes and cheques must register as a moneylender or as an NBFC is unclear: state moneylender law limits registration to loans below a statutory ceiling, while company registration as an NBFC requires minimum capital that small lenders lack; cheque dishonour enforcement remains governed by the Negotiable Instruments Act, which has been indicated to be undergoing decriminalisation of certain offences. en-us Sat, 02 May 2020 20:20:48 +0530 Thu, 23 Jan 2025 15:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116261 Whether a person offering retail loans secured by promissory notes and cheques must register as a moneylender or as an NBFC is unclear: state moneylender law limits registration to loans below a statutory ceiling, while company registration as an NBFC requires minimum capital that small lenders lack; cheque dishonour enforcement remains governed by the Negotiable Instruments Act, which has been indicated to be undergoing decriminalisation of certain offences. Discussion-Forum Indian Laws Sat, 02 May 2020 20:20:48 +0530 https://www.taxtmi.com/forum/issue?id=116261