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NBFC

This query is : Resolved 
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(Querist)
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.

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Yogesh Gupta
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CA Amit Joshi

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CA Amit Joshi (Expert)
25 February 2010 To become NBFC the company is required to take permission from RBI.

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