Incorporation of Company not coming under preview of NBFC
This query is : Resolved
12 April 2010
Dear Experts,
Can a Company be formed with its principle object to lend and Investment in other companies (investment Company) without it comming under unbrella of NBFC
I dont want to register it as NBFC
Can a Company be formed with its principle object to lend and Investment in other companies (investment Company) without it comming under unbrella of NBFC
I dont want to register it as NBFC
12 April 2010
It is an obligation on the company to get itself registered with RBI as an NBFC. It is not optional.
Hence, if the company is in the business of doing activities which require the company to register as an NBFC, then registration becomes mandatory.
Hence, if the company is in the business of doing activities which require the company to register as an NBFC, then registration becomes mandatory.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Traces submitting correction statement error
- ITR-3 File/Error Found
- Difff in ais receipts and gst turnover
- Banking Related Issue
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
