merger of nbfc
This query is : Resolved
05 March 2010
Dear All,
I have two queries:
1. If a nbfc pvt ltd is merged into non Nbfc listed company
what will be the status of non nbfc company, will it automatically become nbfc company
2. can a nbfc company be demerged into two nbfc companies
Waiting for quick reply from experts
thanks
Loveleen Gupta
I have two queries:
1. If a nbfc pvt ltd is merged into non Nbfc listed company
what will be the status of non nbfc company, will it automatically become nbfc company
2. can a nbfc company be demerged into two nbfc companies
Waiting for quick reply from experts
thanks
Loveleen Gupta
06 March 2010
1) If the NBFC Private Limited is merged with the NON-NBFC company, then RBI will assess the status of the merged entity and depending on that the NBFC status will be determined.
2) A NBFC can be demerged provided you can provide two undertakings.
2) A NBFC can be demerged provided you can provide two undertakings.
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