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My client wants to do the following nature business : 1) Hire Purchase of Autos/Light Commercial Goods Vehicles. 2) Committee/Auction Groups 3) Giving short term loans Kindly note that client will not take deposits from public in any mode. Please guide whether it is reqd to float a Pvt Ltd Company or it can conduct the above mentioned business in a partnership firm>
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IT is better to start up with a Private Limited Company .As the Client will not accept the deposits from public in any mode, so it would also not required the prior permission of RBI
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