Regarding nbfc company
This query is : Resolved
24 February 2014
Sir, we have a company with name "TISH CONSULTANCS PRIVATE LIMITED" which is a NBFC company. It was incorporated in 1990 and got certificate from RESERVE BANK OF INDIA dated 20TH APRIL, 2002.
Sir my question is that :-
Is this company should follow the section 45-IA of RBI Act, 1934 relating to maintain a minimum Net Owned Fund of Rs. 200 lacs for carrying business of NBFC?
Is it a defaulter Company if this is not complying this provision?
What is the penal provision regarding this?
Sir my question is that :-
Is this company should follow the section 45-IA of RBI Act, 1934 relating to maintain a minimum Net Owned Fund of Rs. 200 lacs for carrying business of NBFC?
Is it a defaulter Company if this is not complying this provision?
What is the penal provision regarding this?
25 February 2014
pls rply if have any idea
26 February 2014
Maintenance of minimum net owned funds is mandatory. If this is not done, the registration of NBFc may be cancelled.
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