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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Loan by Partnership Firm
- Tax liability on income of freelancer
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Specified Profession
- Agriculture income or business income
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
