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INCORPORATION OF INVESTMENT COMPANY

Rekha Sharma (Company Secretary) (167 Points)

27 June 2008

My company wants to incorporate a investment private limited comapny my query is whether registration with RBI will be required if yes what will be the minimum paid up share capital requirement under the RBI regulations . Kindly give me incorporation procedure of such company its urgent .My email id is vrs_rekha @ yahoo.co.in

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6 Replies

Bharti (Professional) (33 Points)
Replied 27 June 2008

In case of Investment company covered under NBFCs (Non-banking Financial companies) there is a requirement to maintain a minimum net owned fund of Rs. 2, 00, 00,000 and no new NBFC shall commence business as such without obtaining a certificate of registration from RBI as per provisions of Reserve Bank of India Act, 1934. So minimum capital of Rs 2 crore with RBI registration is compulsory.

ASHISH DARAK (Company Secretary) (67 Points)
Replied 16 June 2009

Hi,

I want to incorporate a finance (NBFC) company.

Please let me know the procedure as well as the Checklist to be kept in mind.

Please mail the same to my id ashish_darak @ rediffmail.com

Thanks & Regards,

Ashish Darak.

P C Agrawal (Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad) (8229 Points)
Replied 20 June 2009

Specimen application form for registration with RBI as NBFC is attached.

Attached File : 4 specimen appln form for registration.doc downloaded: 990 times