Category of company
This query is : Resolved
09 May 2012
If i want to startup with a company with the object of holding shares of group companies will it fall under the category of NBFC Company???
09 May 2012
Hi
Holding means what for business purpose or what......
Holding means what for business purpose or what......
09 May 2012
Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by Government or local authority or other securities of like marketable nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property. A non-banking institution which is a company and which has its principal business of receiving deposits under any scheme or arrangement or any other manner, or lending in any manner is also a non-banking financial company (Residuary non-banking company).
Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by Government or local authority or other securities of like marketable nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property. A non-banking institution which is a company and which has its principal business of receiving deposits under any scheme or arrangement or any other manner, or lending in any manner is also a non-banking financial company (Residuary non-banking company).
09 May 2012
my company only wants to hold shares just for sake of holding majority among the shareholders.
09 May 2012
Hi
I think, ROC will object to incorporate the company, because it is not a proper object for incorporating company.
I think, ROC will object to incorporate the company, because it is not a proper object for incorporating company.
09 May 2012
well it has already so is it any typ of investment company will result into an NBFC..
09 May 2012
Hi
Is it already in existence....
Is it already in existence....
09 May 2012
no it is not bt i wanted to knw dat are all investment companies are classified under NBFC cos.
09 May 2012
Mostly if they are dealing in security, then it will be treated ad NBFC.
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