Dealing in shares and securities
This query is : Resolved
02 December 2009
Hi!
Is it required to register as NBFC for a private limited company which is exclusively dealing in shares and securities ?
Is it required to register as NBFC for a private limited company which is exclusively dealing in shares and securities ?
CS Mitesh Mehta
(Expert)
02 December 2009
Companies engaged in the business of stock-broking/sub-broking are NBFCs but they have been exempted from the requirement of registration under Section 45-IA of the RBI Act, 1934 subject to certain conditions.
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