Your company is a "financial institution" within the meaning of Section 45-I(c) of RBI Act and needs registration as NBFC u/s 45-IA. Minimum net owned funds required for NBFC is Rs.2 crores.
You have therefore to make application to RBI for registration. If you do not want to remain as NBFC you will have to start some other business also in the company so that income from financial assets is less than 50% of its income. RBI press release dated 8.4.1999 in this regrd is attached.
26th August 2008 From India, Malappuram
13th April 2009 From India, Delhi
13th April 2009 From India, Malappuram