Kiran Kumar (Lawyer) 30 September 2011
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.
Raj Kumar Makkad (Adv P & H High Court Chandigarh) 30 September 2011
No. Permissionn from RBI & SEBI is sufficient to run its activity anywherein India as per its bye-laws and no further license or permission is required by such NBFC from any local State Govt.
Nadeem Qureshi (Advocate/ nadeemqureshi1@gmail.com) 30 September 2011
Dear Kiran Kumar
i am agree with Mr. Makkad
Shailesh Kr. Shah (Advocate) 30 September 2011
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.
Kiran Kumar (Lawyer) 30 September 2011
thanks Mr. Makkad...
in fact, I had already concluded this opinion, needed endorsment from my Ld. friends :)
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