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Legal clarity on LLP corporate lending in Maharashtra
13-Jan-2026 (In Corporate Law)
I am forming an LLP in Maharashtra to give corporate short-term working capital and credit lines only to Pvt Ltd and LLP companies using only partner funds. We will not take public deposits or lend to individuals. Please confirm if any Money-Lender licence is required under Maharashtra law, whether any RBI or SEBI approval is needed, and whether we can legally charge interest, fees and enforce loan agreements in court.
LLPs in Maharashtra lending only partner funds to corporates usually don't need a Money-Lender license, but it's safer for court enforcement. NBFC registration (RBI) isn't possible for LLPs. You can charge interest/fees, but ensure proper Stamp Duty for legal enforceability in court.
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Adv. Pankaj Bajaj
Pune | 700+ Answers
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An LLP lending only to companies using partner funds, without public deposits or individual lending, does not require a Maharashtra Money-Lender licence or RBI/SEBI approval. Interest/fees are lawful and contracts enforceable if compliant with Companies Act, RBI NBFC exemptions, stamp laws.
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Adv. Pankaj Bajaj
Mumbai | 1000+ Answers
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An LLP can give loans from its own or partner funds without RBI approval, as long as it is not lending to the public and the activity is allowed under the LLP Agreement. Charging interest and fees is permitted, and properly stamped loan agreements are enforceable in court. RBI issues arise only if lending becomes a regular or public-facing business
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Adv. Shivam Parashar
Pune | 5+ Answers
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