LLP required NBFC registration

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2010 LLP required registration as a Non banking financial company for deal in business of loans and advances acquisition of shares/ debentures/bonds that are issued by the government or any other local authority under the government. As these are deals in shares, bonds, loans, debentures, chit business and insurance business.

Rasesh

Rasesh (Expert)
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17 February 2010 What is the query?

If you are asking whether registration is required, then yes.

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2010 NBFC means-Non banking finance corporation-applicable only in case of company.

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Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2010 i am asking
LLP required registration as a NBFC for deal in business of loans and advances acquisition of shares/ debentures/bonds that are issued by the government or any other local authority under the government. As these are deals in shares, bonds, loans, debentures, chit business and insurance business?

Querist : Anonymous

Querist : Anonymous (Querist)

17 February 2010 AS PER NBFC PROVISION APPLICABLE ONLY TO COMPANY.
SO WHY APPLICABLE TO LLP