NBFC Registration in India

12/03/2020 Financial & Legal Services

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The reserve bank of India regulates the working and operations of NBFC within the framework of the Reserve Bank of India Act, 1934 and the directions issued by it under the act. According to RBI act, NBFC is Non-banking financial company, which is registered under the Companies Act, 1956 of India and is engaged in the business of loans and advances, acquisition of shares/ debentures /stock/ bonds/ securities issued by a government or local authority.

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