Formation of nbfc being loan company
This query is : Open
07 August 2017
DEAR EXPERTS..
I WOULD LIKE TO KNOW THAT WHEN WE FILE FORM 1 FOR FORMATION OF THE LLP TO AVAIL NAME IT SAYS THAT THE ACTIVITY IS FALLING UNDER NBFC AND WE NEED TO PROVIDE RBI IN PRINCIPAL APPROVAL FOR FILING FORM 2 FURTHER.
HOW THE IN PRINCIPAL APPROVAL OF THE RBI CAN BE OBTAINED AS THE FINAL APPROVAL/REGISTRATION WITH RBI FOR NBFC CAN BE OBTAINED ONLY AFTER INCORPORATION OF THE COMPANY/LLP.
ALSO IT SAYS TO HAVE NOF OF 2.00 CRORE IN THE LATEST AUDITED BALANCE SHEET. DOES IT MEAN THAT IT IS NOT NECESSARY TO HAVE CAPITAL OF 2.00 CRORE AT THE TIME OF FILING OF THE FORMS AND INCORPORATION?
PLS ADVISE AS SOON AS POSSIBLE
THANKS IN ADVANCE
I WOULD LIKE TO KNOW THAT WHEN WE FILE FORM 1 FOR FORMATION OF THE LLP TO AVAIL NAME IT SAYS THAT THE ACTIVITY IS FALLING UNDER NBFC AND WE NEED TO PROVIDE RBI IN PRINCIPAL APPROVAL FOR FILING FORM 2 FURTHER.
HOW THE IN PRINCIPAL APPROVAL OF THE RBI CAN BE OBTAINED AS THE FINAL APPROVAL/REGISTRATION WITH RBI FOR NBFC CAN BE OBTAINED ONLY AFTER INCORPORATION OF THE COMPANY/LLP.
ALSO IT SAYS TO HAVE NOF OF 2.00 CRORE IN THE LATEST AUDITED BALANCE SHEET. DOES IT MEAN THAT IT IS NOT NECESSARY TO HAVE CAPITAL OF 2.00 CRORE AT THE TIME OF FILING OF THE FORMS AND INCORPORATION?
PLS ADVISE AS SOON AS POSSIBLE
THANKS IN ADVANCE
10 August 2017
In case of LLP prior approval of RBI is required for opening an NBFC LLP
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
