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Conversion of PVT. Co. to NBFC

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(Querist)
10 February 2010 Dear All,

Will you please guide me how we can convert a private co. to Non Banking Financial Co.
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Rasesh

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Rasesh (Expert)
11 February 2010 You don't have to convert the Pvt. Ltd. Co. into NBFC. You have to get your company registered as an NBFC with the RBI. Please contact your zonal / regional RBI office for the Forms, annexures and disclosres to be made with the application.

Under the Companies Act, you will have to get the Main Object Clause of your company amended as as to include the provisions for doing the NBFC business.
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Pankaj Mittal

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Pankaj Mittal (Querist)
11 February 2010 Thanks
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