Legal Question in Constitutional Law in India

Legal entity

Can a private limited company

which gives loans and advances on

interest to individuals and

companies do so without obtaining

RBI's registration and licence under

Bombay Money Lenders Act, 1946


Asked on 4/22/09, 1:32 pm

3 Answers from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Legal entity

You may refer to the relevant provisions for appropriate guidance. Usually, a NBFC may require registration with RBI.

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Answered on 4/22/09, 9:48 pm
Sumit Mehta S 'n' S Law Offices

Re: Legal entity

in terms of section 45-IA of the R.B.I act it is mandatory on the part of every N.B.F.C to be registered with the R.B.I to commence any business of an N.B.F.C as per the provisions of the R.B.I Act. for further assistance please contact us on our email id.

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Answered on 4/24/09, 1:50 am
Aniruddha Pawse Aniruddha.P.Pawse Advocates

Re: Legal entity

No

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Answered on 4/23/09, 1:51 am


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