Nbfc loan company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2013
if a private limited company with rs 10 lakh is started and all the money is given as loan. so will that be called a loan company and nbfc provisions will apply or its just a private limited company
22 August 2013
Just a private limited company. NBF provision will apply only after it obtains NBFC Registration.
Ganeshbabu K
(Expert)
22 August 2013
More over in my opinion to give loans it should be authorized by articles of company
..
.
other wise directors may become personally liable
..
.
other wise directors may become personally liable
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