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Peer to Peer (p2 p) Lending Business in India - Muds Management

Muds Services:<br>NBFC-Peer to Peer Lending License<br>Company Registration with ROC with P-2-P Objects<br>Preparing RBI Application for License<br>IT and Data Security Policy Framework<br>End to End Liaisoning with RBI<br>Grant of NBFC License<br>https://muds.co.in/nbfc-peer-to-peer-lending-registration/

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Peer to Peer (p2 p) Lending Business in India - Muds Management

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  1. Peer To Peer (P2P) Lending Business In India MUDS Management Pvt. Ltd.

  2. MUDS Services 2 3 1 4 5 6 NBFC - Peer to Peer Lending License Company Registration with ROC with P-2-P Objects Preparing RBI Application for License IT and Data Security Policy Framework End to End Liaisoning with RBI Grant of NBFC License MUDS Management Pvt. Ltd.

  3. An Overview Peer to Peer (P2P) lending, also known as social lending/cloud lending is a method to finance debt which enables individuals to lend and borrow money without the involvement of an official financial institution as an intermediary. In P2P lending, lenders are free to choose whom to lend and can diversify their options among different borrowers. MUDS Management Pvt. Ltd.

  4. Eligibility Criteria Incorporated in India 01 Serve Public Interest by the grant of CoR 07 Technological, Entrepreneurial and Managerial Resources 02 06 Viable business plan Adequate capital structure 03 Plan for efficient Information Technology System 05 04 Directors are fit and proper MUDS Management Pvt. Ltd.

  5. Documents Required 01 02 03 PAN Card & ID Proof (Aadhar Card, Voter ID Card, etc.) Passport Size Photos Address Proof (Bank Statement, Telephone bill, Mobile Bill, and Electricity Bill) 04 05 06 Ownership Documents or Rent Agreement for office space Certified Copy of Certificate of Registration A copy of Fixed Deposit receipt and bankers’ certificate of lien indicating balances in support of Net Owned Funds. MUDS Management Pvt. Ltd.

  6. Documents Required 07 08 09 Bankers Report for Applicant Company/ group companies Certified copy of an extract of the main object clause in the MOA (Memorandum of Association) relating to the financial business. Certified Copy of the Board resolution 10 11 12 CIBIL records of all shareholders (more than 10% share in Company) and directors Education & Experience proof of promotors Net worth certificates of directors and shareholders MUDS Management Pvt. Ltd.

  7. Scope Of Activities Act as an intermediary to the participants Cannot raise or/under the section 45l(bb) of the companies act 2013 Can not lend on its own 01 02 03 MUDS Management Pvt. Ltd.

  8. Scope Of Activities Can not provide/ arrange credit enhancement/ guarantee Can not facilitate/ permit any secured lending through its platform Can not hold on funds received on its balance sheet 04 05 06 MUDS Management Pvt. Ltd.

  9. Scope Of Activities Can not sell any other financial product Can not permit any international flow of funds Ensure adherence to all applicable legal norms 07 08 09 MUDS Management Pvt. Ltd.

  10. Advantages 02 01 03 04 Utilizing Market Space of Small Business Owners. Higher returns for credit investors compared to traditional investment methods. Diversification options is more for investors. Higher Profit Margins Due to Unrestrictive Interest Rates. MUDS Management Pvt. Ltd.

  11. Advantages 06 05 07 08 Portfolio creation is allowed for such investments. Financial Inclusion of Potentially Risky Borrowers. Freedom in terms and conditions ensures hassle free experience for borrowers. Serving a large consumer base that serves long term prospects of business. MUDS Management Pvt. Ltd.

  12. Limitations Borrowers who do not have credit history are excluded. High level of Financial Sophistication is demanded. Returns lower than publicly traded index fund. Exposure to defaults from lenders side. Invades personal privacy of borrowers. MUDS Management Pvt. Ltd.

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