DEAR EXPERTS.
Its necessary that every NBFC should be registered with RBI? Not recd. deposit
Thnks
3 Replies
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 03 March 2014
Yes,
for a company to carry a non banking business, registration with RBI is necessary....
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 04 March 2014
Certain exemptions have been provided to NBFCs from registration requirement. For example, investment companies investing mainly in group companies only and not accepting public deposits are exempted. Pl refer Core Investment Companies (Reserve Bank) Directions 2011 for details.
AUDITOR VINOTHKUMAR
(a)
(870 Points)
Replied 04 March 2014
any notification available for RBI registration exempt nbfc
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
