Financial services
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 December 2014
Dear all
i would like to know that if someone is in business of financial services ( Like money provider or money exchanger ) i,e he is bringing money from One party and providing to another person through bank then he has to take approval from RBI or has to pay service tax. is there any illegal business.
i would like to know that if someone is in business of financial services ( Like money provider or money exchanger ) i,e he is bringing money from One party and providing to another person through bank then he has to take approval from RBI or has to pay service tax. is there any illegal business.
25 December 2014
then its termed as non banking financial co and needs rbi permssion first else will be prosecuted under money laundering act 2002
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 December 2014
Thanks a lot sir. can i know the process for this that how can we take the approval and where we have to approach for this.
25 December 2014
http://microfinance.ozg.in/2012/11/nbfc-registration-fee-procedure-by-ozg.html
refer this link for the procedure.
refer this link for the procedure.
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