Can one NBFC acquire another NBFC?
The takeover of NBFC means the purchase of one NBFC by other company. Only the registered NBFC’s under the act can acquire another NBFC.
How do I start a new NBFC?
Procedure to Incorporate an NBFC
- A company should first be registered under the Companies Act 2013 or should already be registered under the Companies Act 1956 as either a Private Limited or a Public Limited Company.
- The minimum net owned funds of the Company should be Rs.
What is procedure to change the name of NBFC?
What is Procedure to change the name of NBFC The Name change procedure of NBFC is very much similar to similar to non NBFC company except for the need of RBI Approval in advance. Name Change in a company usually is done due to change in business activity of the company. Name change also occurs if there is change in management of the company.
When does a company need to change its name?
Name Change in a company usually is done due to change in business activity of the company. Name change also occurs if there is change in management of the company. If an NBC needs to change its name, it needs to pass a special resolution in a board meeting.
How to change the company name after NOC from RBI?
ON receipt of NOC from RBI, the Company must conduct an extraordinary general meeting and pass a special resolution for change of company name, and consequential changes to the Memorandum of Association and Articles of Association. [Section 13 (1), Section 13 (2), Section 14 & Section 5 (3)]
What is the procedure to get NoC from RBI for NBFC?
If it’s NBFC, it needs to take prior approval/No Objection Certificate (NOC) from RBI after seeking reservation of name from MCA but before applying with ROC as per Notification no. Ref.DNBS. (PD). CC.No. 12 /02.01/99-2000 dated January 13, 2000. Relevant Extract of the captioned notification is as below.