Auto finance co.
This query is : Resolved
25 September 2014
Can a person register a pvt. ltd. co.? in which he will do auto finance business.
25 September 2014
yes he can...will need NBFC registration from RBI to do auto finance business
25 September 2014
but i will not accept deposits from public but only from share holder as a share subscribe money? and this amount will be provide as finance and to share holder we will provide dividend? in this case i think i not required to register under NBFC. please suggest.
25 September 2014
NBFC registration has nothing to do with the source of the fund. The application of the funds matter. you will register as non-deposit NBFC.
30 September 2014
in india for such business licence is issued by RBI for NBFC can refer rbi website for more details.
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