#AnishPalkar #AyantikaMondal Can an Individual do this legally ?
#AnishPalkar #AyantikaMondal Can an Individual do this legally ?
Hi, If any individual wants to launch RD of FD scheme on his/her name, not on firm name, where other people gives him deposit money & individual pays them interest, then, is it possible legally to do
3 years ago
A. 1) You can make an individual FD in your name also and if the people will also give the deposit money to you….. by default the FD will be in your name only but it will be in the bank I suppose.
2) So if you want to make receipt and give then you will have to form “the co-operative credit society” / Nidhi/ NBFC for the FD what is so called “Pathpedi”.
3) Do let me know which is your state and city where you reside and so on.
4) You can form the “Pathpedi” in your name and acce ...ReadMore
- What documents needed to show this in firm ?
What documents needed to show that my firm received advance money as cash below 10000 rs from one of the customer ? & In business, what document to be made invoice or receipt for advance money receive
3 years ago
A. Please consult local Auditor/Chartered Accountant.
Can it happen ? How to make it happen ?
If one person takes loan from other individual or organisation by giving some collateral security and when he got loan money amount, then , can he give that 100% loan money to third person as loan by
3 years ago
A. 1) your questions are just imaginations .... to get loans & to forward loans is a big risk. Remember you can get a LOAN on your eligibility like IT file & collateral security etc. by pledging a property to BANK , & if you give 100% loan money to third person as loan by taking third person's collateral security is also OK........ BUT IF YOU DEFAULT TO PAY TO THE BANK THE BANK HAS RIGHTS TO SEIZE & AUCTION YOUR PROPERTY.......But, you as an INDIVIDUAL CANNOT sale the property which you have taken ...ReadMore
Ayantika Mondal @ Prime Legal
