DEAR EXPERTS.
Its necessary that every NBFC should be registered with RBI? Not recd. deposit
Thnks
AUDITOR VINOTHKUMAR (a) (870 Points)
03 March 2014DEAR EXPERTS.
Its necessary that every NBFC should be registered with RBI? Not recd. deposit
Thnks
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 03 March 2014
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 04 March 2014
Certain exemptions have been provided to NBFCs from registration requirement. For example, investment companies investing mainly in group companies only and not accepting public deposits are exempted. Pl refer Core Investment Companies (Reserve Bank) Directions 2011 for details.
AUDITOR VINOTHKUMAR
(a)
(870 Points)
Replied 04 March 2014
any notification available for RBI registration exempt nbfc
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