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Investment company

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(Querist)
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.
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Amol S Joglekar

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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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