Can a pvt ltd can do hire purchase business

Can a pvt ltd do the hire purchase of vehicles with out the any licences.

Customer purchase the vehicle from any dealer with the help of us we will do the hire purchase agreement with customer and fund will be released to dealer and emi will be collected on our platform.

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Quick Summary
A private limited company can indeed engage in the hire purchase of vehicles. However, it's critical to understand that operating such a business requires prior approval and registration with the Reserve Bank of India (RBI) as a Non-Banking Financial Company (NBFC), specifically an Asset Finance Company (AFC). Simply being a private limited company does not exempt you from these essential regulatory steps.

a pvt limited company can carry on hire purchase business provided tcritical.he restrictions are very critical.

No ,NBFC License is required...

As Mr. Chirag has mentioned above, Company shall obtain prior approval from RBI and register with it as a NBFC-Asset Finance Company (AFC).

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