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.
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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