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Showing posts with the label non banking financial institutions
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KNOW ABOUT NBFC, THEIR FUNDING, AND ITS REGISTRATION PROCESS What is NBFC? NBFC Stand for (  Non-Banking Financial Company ).A company registered under the Companies Act which is engaged in the business of providing credit facilities and advances the acquisition of securities and debt instruments or other marketable securities like nature leasing hire, purchase insurance business, ship business, and non-banking institutions. Which is a company registered under the Companies Act and has the principal business of accepting deposits under any scheme as for the RBI act. Categories do not fall under the view of an NBFC and any institution. ( Whose principle of business comprises of agricultural activities and any institution, whose principal business comprises of industrial activity and any institution, whose principal of business comprises a purchase or sale of any goods other than securities of any institution, and Whose principle of business comprises of providing any ...