can LLP be formed to do NBFC business ?, if so is there any prior permission required from RBI / ROC for this purpose ?
vasoya ankit (Practice) (137 Points)
12 June 2014can LLP be formed to do NBFC business ?, if so is there any prior permission required from RBI / ROC for this purpose ?
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 13 June 2014
vasoya ankit
(Practice)
(137 Points)
Replied 13 June 2014
we are planning to work in stock market by opening demat account, so if we form company , it will be defined as investment company , which is by default treated as NBFC as per business code allotted by ROC . so which is best form of organization for this purpose ( Partnership Firm, LLP or Pvt Ltd Company ) we may take loan from outsiders in this organization.
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