Auto finance co.
This query is : Resolved
Nitesh Parmar
(Querist)
25 September 2014
Can a person register a pvt. ltd. co.? in which he will do auto finance business.
Nikhil Kaushik
(Expert)
25 September 2014
yes he can...will need NBFC registration from RBI to do auto finance business
Nitesh Parmar
(Querist)
25 September 2014
but i will not accept deposits from public but only from share holder as a share subscribe money? and this amount will be provide as finance and to share holder we will provide dividend? in this case i think i not required to register under NBFC. please suggest.
Nikhil Kaushik
(Expert)
25 September 2014
NBFC registration has nothing to do with the source of the fund. The application of the funds matter. you will register as non-deposit NBFC.
30 September 2014
in india for such business licence is issued by RBI for NBFC can refer rbi website for more details.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
