June 11 2013

RBI Clarification – NBFCs not to be Partners in Partnership Firms

RBI/2012-13/525 DNBS.PD/CC.No. 328/03.02.002/2012-13 June 11, 2013 All NBFCs Dear Sir, NBFCs not to be Partners in Partnership Firms- Clarifications NBFCs were advised vide CC No. 214/03.02.002/2010-11 dated March 30, 2011 that they are prohibited from contributing capital to any partnership firm or to be partners in partnership firms. In cases of existing partnerships, NBFCs were advised to… Read More

Tags: C.R. SamyukthaCRSCuffe ParadeJune 11 2013Limited liability partnershipMumbaiNon-banking financial companyReserve Bank of India

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