Rbi approval
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2012
Finance Service Business
Taking Money From Some One who lending for Interest, And Providing to who are in Need of Money.
Taking percentage from interest Earned
is in this case RBI Approval Needed ?
Company Authorised Capital is 1,00,000/-
Taking Money From Some One who lending for Interest, And Providing to who are in Need of Money.
Taking percentage from interest Earned
is in this case RBI Approval Needed ?
Company Authorised Capital is 1,00,000/-
Amol S Joglekar
(Expert)
03 December 2012
Authorised capital is 1 lakh. Accepting public deposits???? sec 58A... It is not possible.
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 on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Query on effect of registration of property
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Equity Share Sale and Purchase
- Additional trade name
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
