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Licence for finance service

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 November 2013 Dear Experts,

Is there any licence or registration required for Private Finance Services.

If yes, then with whom I need to get registered or need to get license.
I will be thankful to you if you can provide details regarding procedure of the same.

Thanks.....!!!
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Ajay Mishra

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Ajay Mishra (Expert)
13 November 2013 Without RBI approval you can not do financial business.
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 November 2013 Is it not allowed even on Individual level....!!
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Ajay Mishra

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Ajay Mishra (Expert)
13 November 2013 As per my knowledge Individual can not do financial business it has been restricted.
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 November 2013 OK thanks Sir... !!!
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Ajay Mishra

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Ajay Mishra (Expert)
13 November 2013 My Pleasure......

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