Registration under which act?

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....egistration under which act?<br> Query (Issue) Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 2-5-2020 Last Reply Date:- 24-6-2020 Other Topics<br>Got 1 Reply<br>Indian Laws<br>Dear Experts, One o....

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....f my friends is providing a small type of loan to individuals and shop keeper i.e. the amount involved from 25000/- to 500000/- against which he is taking negotiable instrument like promissory note / ....

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....Cheque as security. He needs to do this business legally. If any cheque&#39;s got bounced, he needs to initiate the complaint before the court by legally. Where do we register? Even I have verified....

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.... the Tamil Nadu money lenders act, wherein we can register only when the lending amount is only up to 10000/-. If we register this company under companies act, it has to be register only under NBFC ....

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....wherein we have to deposit minimum of &#8377; 2 Crore investment required. My friend does not have that much money to register as NBFC. Please help us, in this situation. Thanks in Advance. Reply B....

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....y DR.MARIAPPAN GOVINDARAJAN: The Reply: The Central Government is going to decriminalize in Negotiable Instruments Act also.<br> Discussion Forum - Knowledge Sharing ....