Can LLPs Engage in Financing Activities? RBI's Approval Holds the Key

CS Binit Thakur , Last updated: 03 April 2024 Share Follow on Google News

Can LLPs do financing activity? If an LLP wishes to run non-banking financial activity, then it is required to obtain prior approval from the Reserve Bank before starting the business. The answer is that an LLP cannot operate a banking business during its whole tenure because to run a banking com

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About the Author

CS Binit Thakur

company secretary

CS. Binit Thakur has a work experience of about 10+ years. He is a Bachelor of Commerce {B.Com (H)}, Bachelor of Law (LLB) and a Fellow Member of the Institute of Company Secretaries of India (ICSI). He has a good command of various fields of Corporate Laws, Drafting, Secretarial Compliances, Auditing, Due Diligence, S ... Read more

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Can LLPs Engage in Financing Activities? RBI's Approval Holds the Key

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