Legal Question in Banking Law in India

Taken a loan and given a loan

I living in Orissa(india) and taken a loan of Rs. 5lacs from individual of Orissa and given a loan of Rs.12 lacs to a person of Chattisgarh state. Can i given a loan without any licence or legal complicacy if yes pls. Specify me what is the limit in this transactions.


Asked on 2/03/08, 7:18 am

2 Answers from Attorneys

G. M. Gupta gmguptaandassociates

Re: Taken a loan and given a loan

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Answered on 2/03/08, 10:27 am

Re: Taken a loan and given a loan

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Answered on 2/03/08, 11:24 am


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