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(Querist)
16 September 2013 can a partnership firm work as an NBFC in india , with or without accepting public deposits ? also what is the procedure to obtain the license ?
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CA Hardik Bunha

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CA Hardik Bunha (Expert)
16 September 2013 no, firm is not eligible to work as NBFC,

u have to get sanction of rbi for open NBFC.

public deposits is optional.

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