What is the process to open an NBFC in India?

Asked by CorpSeed Pvt Ltd, in Finance

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Vehicle Locksmith Advanced  A+ Mobile Locksmith
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   
Tom Cruss Freshman  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   
Digital Marketing E. Professional  Online Marketing Professional
Perfect answer for NBFC
Apr 6th 2021 13:40   
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