As per Nonbanking Financial Act, NBFC should go for registration if Net owned funds exceeds Rs. 2 crores.
If a NBFC company is having net owned funds of less than Rs. 2crores-does not accept depots-can they do investments from their own funds?
If they do investments out of their own funds does it need to register with RBI for doing investment business?
Any restrictions are there for doing investment business by NBFC companies having less than 2 crores net owned funds