NBFCs not to be Partners in Partnership firms

Last updated: 31 March 2011

NBFCs not to be Partners in Partnership firms RBI/2010-11/453 DNBS.PD/ CC.NO. 214/03.02.002/2010-11 March 30, 2011 All NBFCs Dear Sir, NBFCs not to be Partners in Partnership firms It has come to the notice of the Reserve Bank of India that some NBFCs have large investments in / have contributed capital to partnership firms. 2. In view of the risks involved in NBFCs associating themselves with partnership firms, it has been decided
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