Company on finance
This query is : Resolved
24 July 2012
I want to opn a Finance Company in which I will provide loan to the people at lower rate of interest thn banks? I did some research and found out tht NBFC is requd fr those kind of company and for registration of NBFC 2 crore is needed, which I dont have now.
So is there any other way of establishing such company?
So is there any other way of establishing such company?
24 July 2012
Hi
For doing financing business, it is mandatory to take RBI approval which includes minimum net worth of Rs. 2 crore at the time of registration of company. You have no other option.
For doing financing business, it is mandatory to take RBI approval which includes minimum net worth of Rs. 2 crore at the time of registration of company. You have no other option.
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24 July 2012
is ther any other way of having the company with the same motive and without nbfc??
24 July 2012
I don't think, any other option available to register finance company without RBI approval.
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