formation about new finance company registration

Kindly go through the RBI website and know the formality.  I have already registered some NBFCs. There is lot of formality to register the NBFC. If you need any professional help. Kindly contact me at mcs240 @ rediffmail.com.

To Form / Incorporate a New Company in India in Least time and Cheapest cost, including obtaining DIN No. of Indian or Foreign Nationals , Registering Name of Company, Change in Name of company , Obtaining Digital Signature, Printing of memorandum and all related works , Contact N.M.S. Pvt Ltd. : Mr.D.K.Jain : +91-9810092750 or email at : dkjain44 @ yahoo.com

if any know about formation about new Finance company which is non banking company. kindly advised me.for example ,Muthot finance

thanks

Thambidurai.R

MM Hills

Steps Required For Formation Of New NBFC Company:

Step-1

Formation of Company: The first step is to form a new Company registered under the Companies Act, 1956. The name must reflect the character of an NBFC. Words such as Investment, Finvest, Finstock, Finance etc. may be used as part of the name. In general, RBI does not allow names which are not reflecting the characteristics of NBFC.

Step-2

Minimum Net Owned Fund: After the incorporation of a new company the Paid up Equity Capital of the Company should suitably rose either at par or premium so as to attain a minimum Net Owned Fund of Rs. 2 crores. The Capital to be raised here should be Equity Share Capital and not Preference Share Capital.

Step-3

Opening of a Bank Account: The entire sum of Rs. 2 crores should be kept in a bank in a Deposit Account free from all liens. Normally funds are kept in Fixed Deposit. The RBI at the time of considering the application for the grant of Certificate of Registration verifies the deposits held by the Company with the Bankers.

Step-4

Apply for Certificate of Registration to RBI alongwith Required Documents:

Regards

CS Rakesh Bhardwaj

Steps Required For Formation Of New NBFC Company:

Step-1

Formation of Company: The first step is to form a new Company registered under the Companies Act, 1956. The name must reflect the character of an NBFC. Words such as Investment, Finvest, Finstock, Finance etc. may be used as part of the name. In general, RBI does not allow names which are not reflecting the characteristics of NBFC.

Step-2

Minimum Net Owned Fund: After the incorporation of a new company the Paid up Equity Capital of the Company should suitably rose either at par or premium so as to attain a minimum Net Owned Fund of Rs. 2 crores. The Capital to be raised here should be Equity Share Capital and not Preference Share Capital.

Step-3

Opening of a Bank Account: The entire sum of Rs. 2 crores should be kept in a bank in a Deposit Account free from all liens. Normally funds are kept in Fixed Deposit. The RBI at the time of considering the application for the grant of Certificate of Registration verifies the deposits held by the Company with the Bankers.

Step-4

Apply for Certificate of Registration to RBI alongwith Required Documents:

Regards

CS Rakesh Bhardwaj

Dear Sir.

I m tax practitioner fromvlatur.my clients are interested to form a new private finance companey.so, please mail me detail procdure and fees structure for formation of new finance companey.

Mail id - advnageshswami @ gmail.com

THIS IS AGAINST PROFESSIONAL ETHICS