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FInancial Assets for the purpose of NBFC (non deposit taking (Others)

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This query is : Open


( Author )
01 September 2010

Whether the following assets to be included as part of fiancial assets while calulating 50% investment in Financial asset criteria for a NBFC (non deposit taking and having capital base of less than 100 crore)

a) Fixed Assets
b) Bank FD
c) Current Account Bank Balance
d) Debit Balance in OD Bank Account
c) Investment in Listed Securities held as Investment
d) Investment in Listed Securities held as stock in trade
e)Investment in unqouted shares held as Investment
f)Investment in unqouted shares held as Stock in trade
g)Balance with revenue authorities
h)Cash in Hand

Please answer point to point basis.

Is there any specific exclusion list provided in RBI Act or other related acts/notifications for Financial Asset calculation.

Warm Regards


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