Non banking financial corporation

Querist : Anonymous (Querist) 30 September 2011 This query is : Resolved
Whether a NBFC is required to have some trade lincence or some permission from the State Governemnts for running its operations even after getting due permission from RBI and for equity matters from SEBI.

Are there any local laws which are to be mandatorily complied with by such company while establishing its branch offices in different states.

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Advocate. Arunagiri (Expert) 30 September 2011
NBFCs need not get any license from the state government, after getting permission from RBI.

Sailesh Kumar Shah (Expert) 30 September 2011
Whether a NBFC is required to have some trade lincence or some permission from the State Governemnts for running its operations ?

Ans. no, there is no such requirements.

there any local laws which are to be mandatorily complied with by such company while establishing its branch offices in different states.

Ans. Yes, local laws to be abide, as applicable.