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Formation of finance company

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(Querist)
24 February 2016 I want to form SAUMYA MICRO FINANCE COMPANY relating to sec.8 of co.act2013 but form inc-1 was rejected by MCA in the process of name approval.however I observed that such type of many company are in existence.
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
25 February 2016 What reason they have mentioned for rejection of your form?
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c.bakshi

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c.bakshi (Expert)
26 February 2016 Name availability guidelines are now changed. i think for finance company, Approval of RBI is required.
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