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Registration with rbi

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(Querist)
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 ?
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anurag

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anurag (Expert)
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.
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CA. Anuj Gupta

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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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