Very very very urgent????

MCA 1091 views 14 replies

Dear sir,

I wish to clarify doubt regarding company incorporation

ie. When i applied for name approvel for pvt ltd with finance activity register ask select yes then   i need select any one regulating

authority as i have received the approvel (i.e) MCA, RBI etc. weather is correct ? Practically RBI license will be issued to the company once registred with mca . before that how can i select as approval is received from RBI in INC - 1 ? pls clarify the issues

i recd. resubmission querry :

(The Proposed name includes /indicated finance activity but para 14a is not selected as Yes and about approval of
regulator information is not filled up. Accordingly please resubmit after  selecting yes in the para 14 a of the
form INC-1. For using the word "Finance" is restricted in Rule 8(6)(n) of the Companies (Incorporation) Rules, 2014
read with Section 4 of the Companies Act, 2013, for which prior approval of the regulatory authority is also
required,)

 

 

Replies (14)

help me expert above the querry

https://www.rbi.org.in/Scripts/FAQView.aspx?Id=92

Is it necessary that every NBFC should be registered with RBI?

In terms of Section 45-IA of the RBI Act, 1934, no Non-banking Financial company can commence or carry on business of a non-banking financial institution without a) obtaining a certificate of registration from the Bank and without having a Net Owned Funds of ₹ 25 lakhs (₹ Two crore since April 1999). However, in terms of the powers given to the Bank, to obviate dual regulation, certain categories of NBFCs which are regulated by other regulators are exempted from the requirement of registration with RBI viz. Venture Capital Fund/Merchant Banking companies/Stock broking companies registered with SEBI, Insurance Company holding a valid Certificate of Registration issued by IRDA, Nidhi companies as notified under Section 620A of the Companies Act, 1956, Chit companies as defined in clause (b) of Section 2 of the Chit Funds Act, 1982,Housing Finance Companies regulated by National Housing Bank, Stock Exchange or a Mutual Benefit company.

Thanks for reply Mr. US SHARMA SIR:

You post link I Searched exempt from RBI Registration, but i applied  name (sarvamitra finance private limited) below the querry:-

 

(This is to inform you that in terms of Rule 10 of the Companies (Registration Offices and Fees) Rules, 2014, the
above-cited Form INC-1 dated 27/05/2016 filed by  vide SRN G04190872 has been examined and marked as Sent for
resubmission

The Proposed name includes /indicated finance activity but para 14a is not selected as Yes and about approval of
regulator information is not filled up. Accordingly please resubmit after  selecting yes in the para 14 a of the
form INC-1. For using the word "Finance" is restricted in Rule 8(6)(n) of the Companies (Incorporation) Rules, 2014
read with Section 4 of the Companies Act, 2013, for which prior approval of the regulatory authority is also
required, )

if the object of the company is NBFC ,MFI then u have to select para 14a but if its not
but if its not providing NBFC activity then u may attached deceleration with stamp paper duly notarised notaries that the proposed company is not provide the any Financing services as like NBFC

DEAR SIR, THANKS FOR REPLY,

I ALSO ATTACHED FOR NON ACCEPTING DEPOSIT STAMP PAPER WITH NOTARISED

Hi...
even if its rejected then u have to go for approval of respective authority.
because Rule 8 (6) clearly says
for using word Finance u need prior approval of concert authority.

HI... Sir,  My client traders to loan & indvidual loan, mortgage loan he would like select for name sarava capital private limited and sarava credit union private limited

(before applied name sarava finance private limted but resubmission for rbi approved)

Hi....

If the object is Loan, Mortgage then u must have to take prior approval of RBI.
and as above two names the second name will never be approved due to word Union its prohibited.

ok thanks you, My doubt now for how to pre incorporation approved by RBI (finance biz.)

what if the Company is not registered with any Financial regulator but the name contain finance or credit & Capital in its name and ROC need approval from financial regulator.

In my case i am applying forn name change and the form has come under resubmission that Existing name include the word CREDIT & CAPITAL indicates NBFC activity, which require prior approval from regulator for change of name.

I have submitted declaration on stamp paper that the Company is not registered with any regulator. what else can be done. 

How to get NOC from financial regulator when we are not registered with them.

 

 

Sir

I want to incorporate a company with the word investments. But the name is rejected saying that NOC from SEBI is required to conduct the activities related to mutual funds, investments, brokers etc. Kindly advice whether we will have to get registered as an investment adviser with SEBI or something else has to be done?


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