JIGAR MAISHERI (SR. EXECUTIVE ACCOUNTS) (34 Points)
22 December 2011Dear all,
pls confirm whether Non-banking business activity (borowing & lending money) can be run by a partnership firm?
any objections of RBI??
regds
Jigar
praveen
(Chartered Accountant)
(6971 Points)
Replied 22 December 2011
No there wont be any objection from the RBI.
CS RAJESH C.CHOUDHARY
(ASSISTANT MANAGER)
(14607 Points)
Replied 23 December 2011
Yes a partnership can also carry on the Non-banking business activity (borowing & lending money)provided they are registered with RBI and have the approval to carry on such business after complying with the requirements thereto.
Saurabh Patel
(CA)
(32 Points)
Replied 04 August 2015
Dear Rajesh,
Can you shed some light on the capital requirements for parnership/aop firms to carry on non-banking business required by rbi
Also any other regulatory requirements.
Thanks
CAclubindia
