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non banking financial company

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(Querist)
15 June 2009 whether non banking financial company can sell shares and earn profit/loss on sale of shares
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Vipul J. Bhavsar

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Vipul J. Bhavsar (Expert)
15 June 2009 Yes sure. An NBFC in the course of business may hold some equity shares as an Investment and then sell it off at a Profit/Loss.

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