NBFC Regulation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2011
Dear all,
A Pvt ltd. co. "____ financial pvt. Ltd." namely (Incorporated on March 1995) has received a notice from RBI on March 2011 states that " from the previous years balance sheets company's activities seems to be like the NBFC activities. hence stop the bussiness & justify for... previous as company is not registred under sec. 45(1A) as NBFC.
Plz suggest what justification can be given for NBFC activities without reg. u/s 45IA
A Pvt ltd. co. "____ financial pvt. Ltd." namely (Incorporated on March 1995) has received a notice from RBI on March 2011 states that " from the previous years balance sheets company's activities seems to be like the NBFC activities. hence stop the bussiness & justify for... previous as company is not registred under sec. 45(1A) as NBFC.
Plz suggest what justification can be given for NBFC activities without reg. u/s 45IA
23 March 2011
NBFC registration is mandated if the company carries out activities which imply that the nature of the business carried out by the company is investment in nature.
The options available with the company are:
1) To discontinue such activities
or
2) To register with RBI as an NBFC and comply with all the applicable guidelines.
The options available with the company are:
1) To discontinue such activities
or
2) To register with RBI as an NBFC and comply with all the applicable guidelines.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
