100 Rs Stamp Paper for Loan Agreement
Dear Sreejith, 1 – I think it is correct to write a PR on the loan you have already taken out. You can also ask for the help of cookies. 2 – Anything and everything can be challenged in our court. But he must prove/justify his point of view. Suggest consulting a civil lawyer and seeking advice. Dear Sir, My mother had given cash loans to a well-known person. The loans were granted in good faith and with the assurance that they will be returned on request and also with interest. However, the insurances turned out to be a big lie and the person began to avoid all our calls. We received blank cheques signed by her and also made her sign promissory notes. We also have a photocopy of their ownership document.
Those are the only documents we have. Now, even after repeated requests, this person dodges payments and there is no sign that the money will be returned. This causes great psychological distress for us in our family and forced us to have a strained relationship with my mother, who is 65 years old and has affected her mental and physical health. I am afraid of losing my mother because of this tension. I also learned that he threatened to declare himself POOR if we went to court. This statement on his part dampened our hopes of getting his money back. Please help and advise. Hi Sir, I would like to borrow 2 Lakes on interest to my newly established friends partnership company.
what conditions should I mention in the loan agreement. Is the liability of the partners unlimited in the event of default? This document can be used to record the terms of a loan between individuals or companies based in India. Loans from a foreign lender to an Indian borrower are covered by the Foreign Exchange Management Act, 1999 and the rules and regulations set out therein, and this document has not been adapted to be used for a loan from a foreign lender to an Indian company. 2) To take advantage of a bank loan for the illiterate, the total amount depends on its source of income and the capacity of the bank according to its general conditions. Hi Sreekanth, I am ashish, I gave my uncle a sum of 7lakhs 50 thousand at 1.5% interest per month. We have drafted an agreement for 4 years. He didn`t even give me the amount of interest (he gave me money for my expenses when I was asked), I asked him to be specific in terms of money. I asked him to make everything transparent and written on paper. As the date of the agreement approached, I asked him to check our account to avoid any misunderstandings about the money. He refuses to review the accounts and asks me to make another deal because he can`t pay the amount now. in fact, he does not give me a specific date on which he will reimburse me.
Please suggest a solution to this problem. (What worries me is that if my uncle suddenly expires, their family members won`t safely reimburse me.) This is my concern and asked my uncle to make them sign the agreement (or insurance) to their family members, he also denies this. By the way, our agreement will be signed on the 14th. of this month. Please give a solution to my problem, I am worried because I only have this money for my savings. Hi Sreekanth ji, brother I got money to my acquaintance but not to my relative. I have 2 sets of PN, 3 blank checks and 1 (blank stamp paper 100 Rs). Now the problem is that he is leaking with my money and many others. Few people are already filing a complaint against him.
I am waiting to file a complaint against him because his older brother is in contact with me. He said he would pay my unpaid amount, but I doubt it was his tricks just to get a little more time from me. What are you saying? What must I do? I borrowed money from my father. If we accept and abide by a word-of-mouth agreement for this loan, is a PR required? In other words, is borrowing money by word of mouth legal as long as we don`t have a dispute about that loan? Dear Raja, did your father sign on blank paper or stamp paper (Bond)? Do you repay the amount in cash or cash? Is there evidence that you are paying @Rs 10 as interest (interest rate)? Dear Sarfaraz, when taking out the loan, your banker may ask for a source of money, so it is better to conclude a loan agreement between the two parties (you and your friend). Isn`t it possible for the banker/mother to post the copy of the contract, sign it and let her do the remaining formality? Just ask! My neighbor received a loan from Rs in February 2014, four days before his son`s wedding. 4 lakhs and said the loan will be repaid in six months with an interest rate of Rs. 2.00 per month. Promissory note drawn. Interest payments were also overdue. hi sreekanth sir, I need the loan agreement format for my client.please send me by mail.
It can be noted here that there are laws in India that regulate money lending, and a person/entity in the lending field should be registered as a money lender or with the Reserve Bank of India as a banking company or as a non-bank financial company. A friend of mine wants to invest in my next startup in India, but he and he currently live abroad, he wants to invest the money for equity in contract paper before I register the company. Is that possible? a solution? 1. Land and other real estate – Some additional formalities must be followed if the loan is secured by a charge on a property, that is, in the event of late payment of the loan, the lender would have the right to sell the property and claim the amount of the loan, interest and other amounts to be paid by the borrower. I work in a small private company and I receive an income of about 23k by hand. Now I need an amount for my expenses. So if I provide a retrospective cheque and a promissory note in exchange for a manual loan, I can get a loan of about $35,000, which is very urgent. Dear Patrick, I have no expertise on this subject. Suggest consulting with a lawyer or auditor who specializes in aspects related to the NRI or foreign investors.
Yes, definitely don`t lend your money by simply making a pnote or loan agreement. If the stamp duty is paid by the lender, it makes a difference Dear Sreekant, My aunt lent money to her neighbor in the amount of Rs.4lakhs by obtaining her signature on a promissory note with the date of the tax stamp of July 12, 2011 with an annual interest rate of 60%. The neighbor intentionally signed the note and she has been in arrears in the payment of her interest for 2 years. .