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.
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Management System (IMS)
- Condonation . E-Verification of last year return .
- Eway bill generation from place other than registeted
- GST rate and HSN code for sale of racing horses
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Rental income gst and it purpose
- 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
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
