NBFC NET OWNED FUND

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swastika mishra

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Aug 29, 2022, 2:54:56 AM8/29/22
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What will be the remedy of net owned fund of a NBFC is negative.

Swastika

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Save paper, Save trees, Save the Planet !!


pramod ladda

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Aug 29, 2022, 4:10:32 AM8/29/22
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Dear Friend,

Namaskar !

If Net Worth eroded due to negative net owned fund then better option is 

1) To increase Authorised share capital.

2) To do allotment of further share capital

Comply Net Worth criteria.

Thanks & with warm regards !

 

Company Secretary & Insolvency Professional

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swastika mishra

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Aug 29, 2022, 6:44:53 AM8/29/22
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Thank you sir for your reply 

Is any time limit prescribed to convert negative net owned fund to the prescribed limit???????


Swastika

Earth allows you to stand, Let it stand the way it is.

Save paper, Save trees, Save the Planet !!



Ronak Gupta

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Aug 29, 2022, 9:57:38 AM8/29/22
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No time limit but advisable to do as soon as possible. Since RBI is very strict on this. A notice to you may come any moment.--
Thanks & Regards
Ronak Gupta
Company Secretary
Delhi
9910226715
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