MANSI RASTOGIMANSI RASTOGI asked 5 months ago
1 Answers
RaviRavi Staff answered 5 months ago

Auditor has to go and check whether principal business of company is financing, as per RBI principal business will be considered as financing if more than 50% assets and 50% income is of financing in nature. If its true it is NBFC and all NBFC need RBI Certificate of Registration, so now auditor has to check whether they have COR and comment Yes, No or Its in Process 

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