NBFC
This query is : Resolved
25 February 2010
A company has take share capital from its member and invest 100% of their in equity in other corporates. Whether the same would be treated as NBFC (Non Banking Finance Company) or not.
REgards
Yogesh Gupta
REgards
Yogesh Gupta
25 February 2010
To become NBFC the company is required to take permission from RBI.
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