Few days back i had applied for the name approval of a newly chit fund company in Form INC-1. but ROC rejcets it and sent for resubmission error shows:-
FILL UP COLUMN 15(a) AS YES SINCE THE ACTIVITY REQUIRES THE APPROVAL OF ANOTHER REGULATORY AUTHORITY.
Now i have resubmitted the form by ticking column 15(a) as YES and name also gets approved. but i have not attached any approval letter because it can be attached while uploading FORMS INC 7, 22 and DIR 12.
Now from which regulatory authority am i required to take a approval. and is it necessarry because chit fund company is a residuary NBFC and not carrying any type of business which other main NBFC carries.
CAclubindia
