"We are public limited company in trading business. The Company's MOA include grating/accepting loans & Advances under Other Objects of the company. We have got a request from one of our regular customer for short term financial assistance in the form of loan for which we shall be charging a fixed rate of interest."
My question is that can we do so being a trading concern or whether RBI Regulations as applicable to NBFC shall apply here as well????
CAclubindia
