Dear Sir,
I am running a business of lending my own funds to public for interest.
My questions are:
1. In what form can I run it? (sole proprietor/Partnership/Private Limited Company)
2. Do I need to get NBFC approval compulsorily?
3.What are the other registrations need to be done by me?
Thanks in advance.
Sir,
I have heard that there will be a minimum networth of Rs.2crore for obtaining RBI approval. Is it right?
Can I do my business without obtaining RBI approval as I was not accepting any deposits?
Sir,
I would like to know whether we can do as sole proprietor or partnership or not as there will be more compliance requirements if registered as a PVT.LTD. and going for RBI approval.
Thanks for giving your opinion primarily.
Sir,
I would like to know whether we can do as sole proprietor or partnership or not as there will be more compliance requirements if registered as a PVT.LTD. and going for RBI approval.
Thanks for giving your opinion primarily.
CAclubindia
