If private limited company accepts deposit and invests in shares of other company can it be a nbfc.PL REPLY
Menu
NBFC-COMPANY LAW
Replies (1)
Nope, i dont think just by accepting deposits from relatives, members, a company can become nbfc. If it accepts deposits from any other person, then it will be violating the definition of a Private Company (sec 3 (iii), but it wont attain the status of NBFC by such violation.
other views are welcomed.
A seprate registration is required with RBI if a company wants to get the status of NBFC and the Memorandum should also allow these activities.
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
