over 7 years ago
• If the deviation in shareholding leads to 26% transfer of the paid-up capital of the NBFC, then prior approval is necessary Related: Different Types of NBFC Step by Step Process Of NBFC Takeover Documents to be submitted to RBI are KYC documents, the projection for three years is to be prepared with reference to incoming directors which is suggested by the acquirer The acquirer of the NBFC should conduct some due diligence of the financial condition of the target company.