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Are NBFC s severally liable? Like credit facilitating companies not investment banks
Answers (5)
Haven't really understood your question. NBFCs lend money to companies / businesses. They will be liable to their own shareholders and creditors. When an NBFC lends money to a say company A, it does not incur any liability to shareholders or creditors of company A.
Sahibdeep Singh
Haven't really understood your question. NBFCs lend money to companies / businesses. They will be liable to their own shareholders and creditors. When an NBFC lends money to a say company A, it does not incur any liability to shareholders or creditors of company A.
Are they personally liable to the creditors if its a public nbfc? Members
Thread Starter
raju rajuAre they personally liable to the creditors if its a public nbfc? Members
NBFC's are companies - a company form of organization liability is limited to share capital if that share capital has been paid to company - share holders are no longer liable for anything
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