What is the process to open an NBFC in India?
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Answers
Tom Cruss Blogger
Under Section 45-1 (c) of the Reserve Bank of India Act, 1934, any non-banking financial services company is treated as an NBFC. The Ministry of Corporate Affairs is headed by the NBFC. A non-banking financial company is a financial institution that provides banking services but does not have a banking license. The non-banking institution has a basic plan for obtaining any deposit scheme or agreement or any other defined form. Apr 6th 2021 06:36 |
Cashfor Gold And Silverkings Jewelry Buyer
A company should first be registered under the Companies Act 2013 or should already be registered under the Companies Act 1956 as either a Private Limited or a Public Limited Company. The minimum net owned funds of the Company should be Rs. 2 Crore. Jul 14th 2021 09:23 |
Navnit Ghadiya Business owner
Under Section 45-1 (c) of the Reserve Bank of India Act, 1934 Aug 4th 2021 23:22 |
Anushree Sharma Business Developer
A corporation must first register under the Companies Act 2013 or be established as a Private Limited or Public Limited Company under the Companies Act 1956. The company's net owned funds should be at least Rs. 2 crore. Finance experience is required for 1/3 of the Board of Directors. The company's CIBIL records should be spotless. A five-year business plan is required for the company. FEMA and capital compliance criteria must be met by the company. Oct 6th 2021 03:49 |
Ajay Singh Financial Advisor
A company should first be registered under the Companies Act 2013 or should already be registered under the Companies Act 1956 as either a Private Limited or a Public Limited Company. The minimum net owned funds of the Company should be Rs. 2 Crore Dec 12th 2021 23:58 |
The procedure to incorporate an NBFC is: A company should first be registered under the Companies Act 2013 or should already be registered under Companies Act 1956 as either a Private Limited or a Public Limited Company. The minimum net owned funds of the Company should be Rs. 2 Crore.
Apr 5th 2021 07:44