What happens if you forget to take NBFC Registration?

08/11/2018 Financial & Legal Services

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Well, if you forget to take your NBFC Registration then it will be a major issue for your NBFC. If any unincorporated entity or an NBFC without NBFC Registration or authorization of RBI found working as NBFC then they will be liable to pay a heavy penalty for such action or as the state government deems fit so. So, before commencing any activity as NBFC, get your NBFC Registration first.

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