Registration of finance company


This query is : Resolved 

(Querist)
26 June 2013 What are the procedure for formation and registration of Finance company??
Is it necessary to obtain approval from RBI and what are the requirements for obtaining approval from RBI??

Ajay Mishra (Expert)
27 June 2013 Hi


Give email id i will send the detail on NBFC.

Amit Kumar (Querist)
28 June 2013 amit.rerock379@gmail.com

Ajay Mishra (Expert)
28 June 2013 i think, u got the dame.

Amit Kumar (Querist)
28 June 2013 Thank u very much sir.

Ajay Mishra (Expert)
28 June 2013 My pleasure...........

Amit Kumar (Querist)
28 June 2013 Actually. a partnership firm having capital of not more than 10 lakhs want to convert into private limited company doing finance business.
Is it necessary to obtain approval from RBI as in their MOA word "Finance" will be stated?

Ajay Mishra (Expert)
28 June 2013 Yes,if you going to do business with word finance, then u will be covered under RBI regulatory and required to take approval.


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