Authorised Capital - NBFC Companies

[d.v. gupta]

dear sir, how much authorised capital required for NBFC under companies act. where from i can know it.

[CAGOPALJI AGRAWAL]

It is Rs. 2 crore as per companies act

AI Summary

Authorised capital requirement for non-banking financial companies clarified; specifies a statutory minimum under the Companies Act. Authorised capital requirement for companies acting as non-banking financial companies (NBFCs) under the Companies Act is stated as a statutory minimum of Rs. 2 crore, presented as the compliance benchmark for corporate authorised capital requirements.