Non Banking Financial Companies: Types & Registration

Non Banking Financial Companies: Types & Registration

by | Dec 23, 2019 | NBFC

Non Banking Financial Companies (NBFCs) are financial institutions, other than the Cooperative and Commercial Banks, which provide a variety of financial and non-financial services to individuals, business enterprises, entrepreneurs, etc. They are not required to hold...
NBFC RBI: How to File Complaint & its Conditions

NBFC RBI: How to File Complaint & its Conditions

by | Dec 21, 2019 | NBFC

The rising number of complaints about deficiency in services against NBFC (non-banking finance company) has moved RBI (Reserve Bank of India) to establish a system of ombudsman similar to that of banks. The banking ombudsman has been operative for around 2 decades. By...
NBFCs: Eligibility, Registration & Returns to be Filed

NBFCs: Eligibility, Registration & Returns to be Filed

by | Dec 21, 2019 | NBFC

The Reserve Bank of India defines NBFCs as “companies registered under the Companies Act 1956, or later Act of 2013, engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or...

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NBFC Deposits, Reserve Funds, etc under RBI Act

by | Dec 14, 2019 | NBFC

The working and operations of an NBFC are governed within the framework of the Reserve Bank of India (RBI) Amendment Act, 1997, by RBI. Section 45-IA provides that no NBFC shall start or carry on the activities of Non- Banking Financial Institution (NBFI) without...