A company has invested its entire funds of Rs. 1.5 Crores in the shares of its Group Companies. The company is not doing any other activity than holding these shares and these investments are made in the year 2003. Do the company is required to be registered with the RBI as NBFC. Is there is any kind of default had been incurred by this company and if so, what is the recourse available.
Regards
Hitesh Joshi
9899773378
Regards
Hitesh Joshi
9899773378