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Auto finance co.

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(Querist)
25 September 2014 Can a person register a pvt. ltd. co.? in which he will do auto finance business.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 September 2014 yes he can...will need NBFC registration from RBI to do auto finance business
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Nitesh Parmar

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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.
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Nikhil Kaushik

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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.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 September 2014 in india for such business licence is issued by RBI for NBFC can refer rbi website for more details.
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