currently i have a private limited company registered under CA 2013, running money lending business in Gujarat under money lending act 2011, now i want to apply NBFC, Can RBI issue to us NBFC license????
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Quick Summary
A private limited company currently operating a money lending business in Gujarat under the 2011 Act is enquiring about applying for an NBFC license. The response confirms that the RBI can issue an NBFC license, provided certain conditions are met, notably a minimum net owned fund of ₹2 crores. Further details and application guidance can be found on the RBI website.