Registration with rbi
This query is : Resolved
11 December 2011
Does Company engaged in Trading of Share, Securities, Commodity and Derivative product needs to be register with the RBI ?
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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