NBFCs: Eligibility, Registration & Returns to be Filed
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...
NBFC Guidelines: Registration, Compliances, Returns & Prudential Norms
Reserve Bank of India is entrusted with the responsibility of regulating and providing Non-Banking Financial Company or NBFC, the guidelines to operate. The powers are listed in Chapter III B of the Reserve Bank of India Act, 1934. The objective is to: ensure healthy...Warning: Trying to access array offset on value of type bool in /home/u764477039/domains/nbfclicenseindia.com/public_html/wp-content/themes/Divi/epanel/custom_functions.php on line 499
NBFC Deposits, Reserve Funds, etc under RBI Act
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...