NBFC
This query is : Resolved
LALIT HARCHADANI
(Querist)
28 February 2009
Is it complusory for the small scale investment company which does not have the capital of Rs. 20000000 to be registered with RBI u/s 45IA
CA Nitin Wadhwani
(Expert)
28 February 2009
Yes, its mandatory for a company satisfying the criteria specified by RBI, otherwise it cannot operate as such.
vikas bafna
(Expert)
11 March 2009
While registering with ROC the authorised capital should be 2 Crs.
After obtaining COI, RBI requires the paid up capital should be 2 crs.
After obtaining COI, RBI requires the paid up capital should be 2 crs.
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