RBI NBFC
Querist : Anonymous
Querist : Anonymous
For NBFC is there any minimum capital required for registeration ?
I am floating a company with friends and relative and maximum amount we can contribute is 10 lacs, so can you advice us what can be done ?
Incase if we are unable to register as NBFC due to low capital what option we have ?
Can we make a investment trust ? again what will be the cons and prons
No idea about Investment Trust
Querist : Anonymous
Querist : Anonymous
What is the solution according to you if I want to do share trading with someone ?
and in this business
"Realtive as a Partner"
makes the issue highly speculative.
*
Open one more trading account in your relative's name and invest his funds thru
his account only.
*
As you are relative to each other," rely" upon each other, by entering into an oral understanding for profits and losses.
*
The share tradings can be stopped in the adverse circumstances easily. without
burdening the relationship.
*
May it remain as live as it is today.
*
Querist : Anonymous
2) as per your advice, we have decided to trade in our own account and distribute the profits earned in 1:1 ratio also the losses but then how will we pass the accounting entries and taxation. For example, at the end of the year, in my account there is a profif of 10 lacs and in his account profit of 20 lacs, so total profit is 30 lacs.
He is suppose to give me 5 lacs, now the Q is how willhe give me 5 lacs and what will be the accounting entry.
Generally we have seen that whenever relatives come together to join their hands in business either they have achieved wonderful targets or they have miserably failed.
The relationship flourished as the profits have grown up. However, at the time when they suffered losses, their relationship has also broken.
I think you will not take it otherwise.
For your second query, I have given some clues, which could be understood in the light of a long time association.
Right now I am unable to answer here directly, but if there is a will, we shall find out the ways also.
Querist : Anonymous
Sir, if anything cant be said directly here , you can PM ( private message) me.
Click here to login now
Similar Resolved Queries
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- TDS on Consultancy- Non DTAA
- EPF FULL & FINAL RULES IN 2026
- Gift Received from nonblood relative
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Management System (IMS)
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
