We have full video series on How to get Money Lenders Online License in Gujarat ?

After visiting many site on google you do not find simple and easy information for money lenders online  registration process. In this blog we provide you a detailed explanation for your better understanding.

In the state of Gujarat must need a clear police verification report before applying for money lenders online license registration. In this blog we provide you the step by step guide for your registration process. Also if you have existing registration than how to register it online?. How to file Audit report?. How to upload monthly bill ?. How to renew you existing money lenders License? .

In short you are at correct advice for your Money Lenders license related query.  If you have any query comment here we will surly answer your queries in satisfactory manner.

Before you will directly jump into the video links you must understand the process of money landing and list documents required for registration.

List of Documents :

1. KYC Documents ( PAN CARD. AADHAR CARD)
2. Residential Address Proof ( LIGHT BILL AND TAX BILL)
3. Police Verification Letter
4. Post office Details
5. Address Proof for Place of Business
6. Passport Size Photograph
7. Area under Business

Kindly visit our You Tube video link provided below:

Part (1) How to Register Online ?

(How to get Money Lenders Online License in Gujarat ?)

New users must create their log in credential by selecting their category as money lender and provide their mobile no and email id. After entering correct captcha code submit this data for Processing.

Part (2) How Get Money Lending License Online ?

(How to get Money Lenders Online License in Gujarat ?)

Part (3) How to Renew my Money Lenders License ???

(How to get Money Lenders Online License in Gujarat ?)

Part (4.1) How to upload Monthly Bills???

(How to get Money Lenders Online License in Gujarat ?)

Monthly upload of all the invoice of previous month before expiry of 10 days. All the Money Lenders must comply this legality by uploading their bills. Upload correct data online will help you in case your customer file wrong case against you. All the legal assistance must required duly filed Monthly return of money landers.   You can simply enter you bill data to online and submit it into the system.

Can I modify wrongly entered Monthly bill on money lenders portal ?

Ans: No.

Note: Online system do not have any modification/ correction options for users so once you submit the data it will be stored for lifetime. you can can not modify monthly billing data. 

Part (4.2) How to upload Audit report of Money Lenders ??

(How to get Money Lenders Online License in Gujarat ?)

What is the Due date for submitting Money lenders audit report ?

As you all aware of the fact that Money Lenders also need to submit their Audited Books of accounts to authority every year before expiry of 45 days.

Who is eligible to do Audit of Money Lenders ? 

A qualified Chartered Accountant is only has authority to audit in case of Yearly loans business is up to Rupee 50 Lac. So you need to appoint CA.

In which format money lenders audit report being prepared ?

Same format as we used in Income Tax audit reports. You must prepare Audit report in Gujarati is preferred.  Auditor also verify bills and it’s format and other legal documents needs to be maintained by money lenders. Many Patrak’s as provided by government and amended by time to time.