Do reserve Matter?

 

I understand it should be paid up capital only. Please check. I am not sure

 

Thanks & Regards

CA Peeyush Aggarwal
      B. Com, FCA, CA-ISA
B 132 Anand Vihar
Delhi - 110 092
Tel: +91 11 22164700
       +91 11 22164800
Mobile: +91 9312432201
        +91 9911662000
Email: [EMAIL PROTECTED]
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From: [email protected]
[mailto:[EMAIL PROTECTED] On Behalf Of Sandeep Anand
Sent: Thursday, September 11, 2008 22:28
To: [email protected]
Subject: Re: RBI APPROVAL - NON BANNKING FINANCE COMPANY

 

Paid Up capital and  free reserves have to be 2 Cr. 

 

 

----- Original Message ----
From: -: AsHoK :- <[EMAIL PROTECTED]>
To: -: AsHoK :- <[EMAIL PROTECTED]>
Sent: Thursday, September 11, 2008 6:29:16 PM
Subject: RBI APPROVAL - NON BANNKING FINANCE COMPANY

Dear All,

 

I want to ragister a NON BANKING FINANCE COMPANY at ROC. And as i know we
require Authorised capital of Rs. 2 Crore.

But is it required to keep Paid-Up Capital of Rs.2 Crore also while
Registering Company..?

 

Please help me for that.

 

 

____________________________________________________________________________
__________________________

Thanking you,

Ashok Gaikwad

personal email:  <mailto:[EMAIL PROTECTED]> [EMAIL PROTECTED]

personal web:  <mailto:[EMAIL PROTECTED]> www.growshine.com

 

 




 


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