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Nbfc

This query is : Resolved 
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(Querist)
09 July 2012 Can I opn an Finance company without getting NBFC?
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
09 July 2012 No, No company can do the business on financing without registering it as NBFC
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Swastik Upadhyay

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Swastik Upadhyay (Querist)
09 July 2012 OK thanks and is there any other way to do those kind of business
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Ajay Mishra

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Ajay Mishra (Expert)
09 July 2012 Hi


If your are carrying finance business as main object of the company, then you need to take approval from RBI. So It is necessary to take approval for this.
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