Kanika
DO' AND DON'TS WHILE LENDING MONEY TO SOMEONE.
Kanika bhardwaj 24 Mar 2018

DO' AND DON'TS WHILE LENDING MONEY TO SOMEONE.

  1. DO'S AND DON'TS WHILE LENDING MONEY TO SOMEONE.

  2. DO'S:
  3. 1- Always pay the amount via cheque !
  4. 2- If not cheque then pay by NEFT/ ONLINE so in case of any dispute in future at-least one can prove the transaction easily before Hon'ble Court.
  5. ( Keep record of the transaction)
  6. 3- Always do an agreement with the other person alongwith an affidavit. It is called Memorandum of Understanding. Get that agreement signed by the other person in presence of the witnesses and get it notarized.
  7. 4- Try keeping a PDC as security so that in case the other person does not pay then a criminal case can be initiated against that person. Remember that an amount can be recovered more easily and within less time period as compared to a civil case.

  8. DON'TS
  9. 1- Never lend money by cash. NEVER !!!!
  10. 2- Don’t take a blank cheque as PDC. Ask the other person to fill up the Cheque and then take it as a security.
  11. 3- Never delete the whatsapp chats or Messages with that person. Such conversations can be used before Hon'ble Court in order to prove the case.

  12. REMEMBER THAT IT IS ALWAYS BETTER TO DO SOME EXTRA WORK IN ORDER TO BE SECURED IN FUTURE. BECAUSE LAW HELPS PEOPLE WHO WATCH NOT SLEEP.

KANIKA BHARDWAJ

ADVOCATE

DELHI

9582000415

Contact Timings - 10:00- 10:00.


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Ajay bhalla
Very useful for my business.
Ajay bhalla 25 Mar 2018
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