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Prior Approval of RBI

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(Querist)
05 January 2009 Whether Prior Approval of RBI is required in case of change in shareholding of Nbfc not accepting public deposits???
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CS Arpita Rajpurohit

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CS Arpita Rajpurohit (Expert)
13 January 2009 i think its not required. coz we have an NBFC-NDA & we never intimate any such change to RBI
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Tarun

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Tarun (Querist)
23 January 2009 Thanks
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