Registration with rbi
This query is : Resolved
11 December 2011
We are company trading in Shares and Securities.
My Question is Does we need to register with the RBI as I think we fall in NBFC category ?
My Question is Does we need to register with the RBI as I think we fall in NBFC category ?
11 December 2011
For a normal operating company which is not a financial institution, if the financial assets exceeds 50% of the total assets and income from such assets exceeds 50% of the total income then it is necessary to go for RBI registration. and thereupon all the formalities applicable to NBFC needs to be followed.
CA. Anuj Gupta
(Expert)
12 December 2011
Trading in shares and secuirities is not covered in provisions for registration with RBI, however as a broker SEBI's regulations may be applicable to you.
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