Registration of opc

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 October 2016 Respected Experts,

I want to open a finance-investment (fresh) business under OPC (One person company), please suggest me that :
1. Is there any need of taken approval from SEBI / RBI along with registration.
2. What Immediate procedure I can take for it (Documentation, fees and attestation , if any) .
3. Is there any need of approval from local authorities also or not.
Please guide me in above concern.

c.bakshi

c.bakshi (Expert)
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13 October 2016 OPC company cannot do any activity related with finance or money . so you can not do such business. however, in the present time RBI is not issuing any license for the same. only nidhi companies are allowed to do identical business.