dear sir, I want to open company of gold mortgage and provide loab against it . did it related to microfinance company as well. please guide.
pavan kumar
a micro finance company, if it operates like a NBFC, it shall be registered with RBI as micro-finance-NBFC .. if it doesn't operate like NBFC, it need not register with RBI..
in your case giving loan against gold is generally NBFC activity.. the scale of operation might be "micro" but still is NBFC activity..
CAclubindia
