favorite this post Procedure for nbfc registration in India by Swaritadvisors (NOIDA) hide this posting unhide

As in keeping with section 45IA of the RBI Act,1934 no business enterprise shall begin or carry on the business of a non-banking Financial Company with out acquiring a certificates of NBFC Registration and without having a net Owned finances of Rs. two hundred lakhs.
•The fundamental requirement for NBFC registration as an NBFC is the minimum internet owned price range of Rs. 200 Lakhs.
•Net Owned budget approach the stability of owned budget minus the amount of investment in stocks of subsidiaries, companies inside the same institution and all other NBFC’s, excellent loans and advances, deposits with subsidiaries and groups in the equal institution.
•Owned price range is the aggregate of paid-up fairness capital, choice shares which are compulsorily convertible into equity, loose reserves
•balance in percentage top class account, and capital reserves representing surplus arising out of sale proceeds of the asset.

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