https://www.taxtmi.com/article/detailed?id=5994 The article argues private limited companies whose constitutions prohibit public solicitation and who do not accept public funds should be exempt from NBFC registration and routine RBI supervisory filings. It contends such companies operate with own funds, lack the primary indicia of banking activity, and therefore regulatory attention should be focused via selective ABC analysis on entities with systemic or public fund exposure. The author criticises recent RBI information notices and supplies a suggested reply and supporting documents to assert exemption and request regulatory forbearance. en-us Tue, 06 Jan 2015 10:07:45 +0530 Tue, 06 Jan 2015 10:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5994 The article argues private limited companies whose constitutions prohibit public solicitation and who do not accept public funds should be exempt from NBFC registration and routine RBI supervisory filings. It contends such companies operate with own funds, lack the primary indicia of banking activity, and therefore regulatory attention should be focused via selective ABC analysis on entities with systemic or public fund exposure. The author criticises recent RBI information notices and supplies a suggested reply and supporting documents to assert exemption and request regulatory forbearance. Articles Corporate Laws / IBC / SEBI Tue, 06 Jan 2015 10:07:45 +0530 https://www.taxtmi.com/article/detailed?id=5994