Legal Question in Banking Law in India
Can a non-nbfc invest in non banking financial company( nbfc)??
Asked on 4/03/13, 4:44 am
3 Answers from Attorneys
J. Radhakrishnan
independent Practice
To my knowledge, there is no prohibition of a non NBFC company to invest in the shares of a NBFC. Please check the websites of L&T Finance company Ltd., Sundaram Finance LTd., etc. regarding the shareholdings of their promoter companies.
Answered on 4/03/13, 12:14 pm
Jayesh Desai
Jayesh Desai
Yes, subject to Memorandum and Articles of Association of the company desiring to invest.
Answered on 4/05/13, 1:43 am
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