Is section 372a applicable to nbfc also
This query is : Resolved
SARADA KAJARIA
(Querist)
30 June 2012
kindly tell me is section 372A applicable to NBFC??
CS Mitesh Mehta
(Expert)
30 June 2012
A company whose principal business is the acquisition of shares, stock, debentures or other securities OR Financing
Industrial or other Companies can be considered as NBFC/ Investment company. Before availing exemption under Section 372A, it is advisable to check compliance with NBFC relevant laws/rules/regulation/RBI directions.
Industrial or other Companies can be considered as NBFC/ Investment company. Before availing exemption under Section 372A, it is advisable to check compliance with NBFC relevant laws/rules/regulation/RBI directions.
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