A Non-Banking Financial Company registered under the Companies Act which is engaged in the business of loan & advances, acquisition of shares/ debenture/ bonds or other marketable securities such as hire purchase and insurance business.
NBFC provides working capital loan and credit facilities.
In the below chart “X” company purchase the majority of equity shares of the “Y” company. X will take over the assets and liabilities of company Y. The shares of company X will be given to the shareholders of company Y.
Here is the list of following required documents:
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