Legal Question in Business Law in India

A person wants to take some money as debt on interest. I am also interested to give so that I may earn some money. what type of paper should I make so that no problem may occur in future in recovering the money? pls help me.


Asked on 4/15/14, 8:57 am

2 Answers from Attorneys
Fca Prashant Chavan Expert Edge LLP

16.04.2014

Dear Sir / Madam,

You can give the money on a Promissory Note specifying the amount given and mentioning the amount that has to be returned on the due date.

Regards,

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Answered on 4/16/14, 10:41 am
Fca Prashant Chavan Expert Edge LLP

16.04.2014

Dear Sir / Madam,

You can also take a post dated cheque of the due amount.

Regards,

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Answered on 4/16/14, 10:43 am


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