Legal Question in Banking Law in India
start a business in which i am able to collect the money from general public and send it through bank to their home town
whats sorts of legal compliance i have to follow
eg, RBI or agency law etc
Asked on 5/15/13, 4:20 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
15.05.2013
Dear Sir / Madam,
RBI approvals and clearances are required for starting such a business.
Regards,
Answered on 5/15/13, 4:30 am
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