17 September 2012
What is the minimum Authorised Capital and minimum NOF requirement for starting a Non- Deposit taking NBFC, engaged in the business of giving loans?
NBFC have to make application for registration with RBI and shall not commence or carry on business of a non-banking financial institution without obtaining registration from RBI and maintaining (Net Owned Fund) NOF. NOF requirement for NBFC registered Before 21/04/1999 = Rs.25 lacs On or after 21/04/1999 = Rs.200 lacs
Authorised share capital should not be less than 2crores in any condition.
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