Uploaded on May 19, 2020
NBFC registrations are often a cumbersome process when there is no guidance. Educate yourself, understand the nbfc registration process, and get necessary nbfc compliances done. For more information visit https://www.muds.co.in/nbfc-registration/
NBFC Registration
NBFC REGISTRATION PROCEDURE AND LICENSE WITH RBI IN INDIA DESIROUS OF EXPLORING THE NBFC SPACE ? Rapidly-growing NBFCs do not hold Banking services are Indian economy has banking license but not capable of provided an excellent they offer almost fulfilling the financial opportunity to NBFCs every service that needs of all the banks do citizens. NBFCs have grown at Services include - a remarkably accepting deposits, because of their offering loans, customer friendly performing financial approach, great intermediation, flexibility and an offering cash attractive rate of advances, leasing, returns. hire purchase, etc. WHO IS THE REGULATORY AUTHORITY OF NBFCS? Within the framework of the Reserve Bank Reser of India Act, 1934. From time to time the RBI issues guidelines and directions to be ve followed by the NBFCs. Bank Section 45-IA mandates that no NBFC shall of begin or carry on the business of a Non- India Banking Financial Institution without (RBI) obtaining a Certificate of Registration (COR) from the RBI. AREAS OF BUSINESS OF NBFCS Loans and Advance s Acquisiti Insuranc on of e shares Business NBFCs Leasing Chit Business Hire- purchase SERVICES THAT NBFCS CANNOT OFFER Sale or Purchase or Construction Industrial Purchase or Agricultural of Activity Sale of Any Activity Immovable Goods Property DIFFERENT CATEGORIES OF NBFCS REGISTERED WITH RBI Micro Finance Systemically Important NBFC- Non-Operative Institution Core Investment Financial Holding Company Company Infrastructure Debt Fund Non- Banking Non-Banking Financial Mortgage Guarantee Financial Company Company-Factors Companies Infrastructure Finance Company Investment Company Asset Finance Company Loan Company THANK YOU FOR MORE INFORMATION: HTTPS://WWW.MUDS.CO.IN/NBFC-REGISTRATION/
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