Finance business registration

Chandrakanth (Querist) 18 May 2014 This query is : Resolved
I would like to start a finance business which would give financial advises to its members and its a paid service and we also would like offer interest free short term small loans to our customers as a add-on service.I'm from Bangalore .Kindly guide me about what all paper work is required for this business.I'm also ready to take services from any professionals.
Thanks
Chandrakanth

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Sankaranarayanan (Expert) 18 May 2014
interest free means Are you start Non profitable finance ?

Guest (Expert) 18 May 2014
For non-banking finance entity seek specific permission from the RBI.

Sankaranarayanan (Expert) 18 May 2014
if you are going to start NBfC then seek the permission from RBI see the sec 25 of company act

Rajendra K Goyal (Expert) 18 May 2014
What type of financial services?

If only advises without any financial transaction, service tax has to be paid only if thresh hold limit cross.

If NBFC seek permission from RBI.

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