Investment company
This query is : Resolved
24 July 2012
shall a public ltd company having trading in paper products and investment holdings as main objects required to obtain RBI permission?
I.S.B.Sankar, Income Tax Practitioner.
I.S.B.Sankar, Income Tax Practitioner.
Amol S Joglekar
(Expert)
24 July 2012
No. Not really, so long as it does not act as NBFC. Additionally, if it wants to acquire funds from foreign, then RBI permission is must except for direct route.
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