Company Law
This query is : Resolved
Sanjay Grover
(Querist)
21 December 2010
What is the Authorised and paid up share capital requirement for registration as investment company in India
Ajay Mishra
(Expert)
21 December 2010
Hi
NON BANKING FINANCIAL COMPANIES
Companies, which are not banking companies but are engaged in the business activities, related to loan, finance, investment, leasing, hire purchase and other fund-based activities, are termed s Non-Banking Financial Companies. The basic criteria of a company to be considered as NBFC, are:
1. Deployment of funds, and
2. Recognition of Income
There are certain criteria for NBFC Companies viz. Compulsory registration with RBI for commencement/continuance of NBFC activities, Minimum Net Owned Fund, requirement of compulsory rating and RBI compliance before acceptance of deposits etc.
Minimum Authorized Capital **(and not paid-up capital)* for a NBFC should
be Rs. 2 Crores and
it cannot commence its business without obtaining the certificate from RBI
and its minimum net owned funds should be Rs. 2 Crores.
Regards
NON BANKING FINANCIAL COMPANIES
Companies, which are not banking companies but are engaged in the business activities, related to loan, finance, investment, leasing, hire purchase and other fund-based activities, are termed s Non-Banking Financial Companies. The basic criteria of a company to be considered as NBFC, are:
1. Deployment of funds, and
2. Recognition of Income
There are certain criteria for NBFC Companies viz. Compulsory registration with RBI for commencement/continuance of NBFC activities, Minimum Net Owned Fund, requirement of compulsory rating and RBI compliance before acceptance of deposits etc.
Minimum Authorized Capital **(and not paid-up capital)* for a NBFC should
be Rs. 2 Crores and
it cannot commence its business without obtaining the certificate from RBI
and its minimum net owned funds should be Rs. 2 Crores.
Regards
Message likes :
1 times
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Oct 2025 Invoices
- MSME disclosure and disallowance
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- 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
- Goods sold but invoice not issued
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
