termed nbfc company trading shares does
No, a company dealing only in shares and not taking any deposits would not be considered a non-deposit taking NBFC. Non-banking financial companies (NBFCs) are defined under the Reserve Bank of India Act, 1934, and include any company engaged in the business of providing loans and advances, acquiring shares, debentures, and other securities, or leasing, hire-purchase, insurance business, or chit fund business.
However, if the company is engaged in the business of acquiring shares or other securities, it may be required to comply with the securities laws and regulations, such as the Securities and Exchange Board of India (SEBI) regulations. Additionally, if the company is engaged in trading of shares or securities, it may also be required to obtain certain licenses and registrations from the concerned authorities, such as the Securities and Exchange Board of India (SEBI) and the stock exchanges.
But, According to the Reserve Bank of India (RBI), a company is considered an NBFC if it meets the following criteria:
If a company meets these criteria, it is considered an NBFC and must obtain a license from the RBI to operate. However, if a company does not meet these criteria, it is not considered an NBFC and does not require an RBI license to operate.
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India shares its land borders with seven countries. Pakistan and Afghanistan in the northwest, China , Nepal, and Bhutan in the North and Myanmar and Bangladesh in the east, please share the success file if any passed by MCA for any DIN security clearance, so far they are not giving any approval and rejected on wrong grounds. any communication or appeal process ?
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As of 27.10.2023, it is now mandatory for all private companies (excluding small companies) to dematerialize their securities. This requirement is outlined in Rule 9B of the PAS Rules.
Applicable for Section -8 as well ?
To perform an MSME and verify a Udyam Registration Number, follow these steps:
1. Visit the Udyam Registration portal using the link: [Udyam Registration Portal](https://udyamregistration.gov.in/Udyam_Verify.aspx)
2. On the webpage, locate the option for "Verify Udyam Registration Number" or a similar feature.
3. Enter the Udyam Registration Number that you want to verify into the provided field.
4. Click on the "Verify" or "Submit" button to proceed.
5. The system will process the information and display the details associated with the provided Udyam Registration Number, including the major activity and type of enterprise.
6. Review the displayed information to ensure its accuracy.
7. If the details are correct, you have successfully verified the Udyam Registration Number.
8. If you encounter any discrepancies or issues, you may need to contact the appropriate authorities for further assistance.
By following these steps, you can easily verify a Udyam Registration Number using the newly added feature on the Udyam Registration portal.
msme number registration udyam verify
I would like to inform you that the MCA now has several centers for form processing and scrutiny:
1. CRC*: Responsible for incorporation-related matters.
2. CPC*: Handles the processing of other e-forms.
3. CSC: Central Scrutiny Centre scrutinizes STP forms.
4. C-PACE: Deals with the closure of companies.
This division of responsibilities ensures that the jurisdictional ROC can focus on its core responsibilities without being burdened by these tasks.
Does anyone know the mechanism of IPO allotment, especially in cases of oversubscription?
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Hello, what is the distinction between Compensatory Contribution and Equalization Levy?
Are these concepts mutually exclusive?
equalization levy contribution compensatory between distinction As a practice, we have been using the bank credit date for INVI filing. This is because we need to provide supporting documents such as bank statements or FIRC during the filing process. Is it right ?
Click here to view / answer Share it onFor INVI filing purposes, what would be considered the date of allotment of units? Is it the drawdown due date/funding date or the date when units are credited in demat?
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If the Company satisfy the 50:50 criteria of Income and assets then the Company is an nbfc and need licence from RBI.