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The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
Read MoreNBFC Registration
ANBFC Registration is the process through which Non-Banking Financial Companies (NBFCs) are established under the Companies Act of 1956/2013. While NBFCs do not possess a banking license, they play a crucial role in providing various financial services tailored to meet diverse customer needs. Some of the key services offered by NBFCs include:
Loan and credit facilities
Asset financing
Acquisition of shares, stocks, and bonds
Hire purchase
Insurance business
Chit business
Currency exchange
Peer-to-peer lending
Activities Excluded from NBFC Registration
A company cannot undergo NBFC Registration if it engages in certain activities, such as:
Agriculture activity
Industrial activity
Purchase/sale of any goods
Providing services related to immovable property, including sale/purchase/construction
Classification of NBFCs
NBFCs can be classified based on their authorization to take deposits and their business activities. The classifications are as follows:
Based on Authorization to Take Deposits:
Type-1:
Deposit-taking (NBFC-D)
Type-2:
Non-deposit taking (NBFC-ND)
