Can LLPs Engage in Financing Activities? RBI's Approval Holds the Key

CS Binit Thakur , Last updated: 03 April 2024  
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Can LLPs do financing activity? If an LLP wishes to run non-banking financial activity, then it is required to obtain prior approval from the Reserve Bank before starting the business. The answer is that an LLP cannot operate a banking business during its whole tenure because to run a banking com

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Published by

CS Binit Thakur
(company secretary)
Category Corporate Law   Report

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