Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs

Last updated: 27 May 2014

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RBI/2013-14/606 DNBS (PD) CC.No.376/03.10.001/2013-14 May 26, 2014 All NBFCs (excluding Primary Dealers) Dear Sirs, Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of NBFCs Under Section 45 IA (4)(c) of the RBI Act, 1934, a certificate of Registration can only be given to a company if the Bank is satisfied, inter alia, that the general character of the management or the proposed management of the non-banking financial company

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Notification No : RBI/2013-14/606

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