All About Swift and Perfect Registration of NBFC in India!
A Non-Banking Financial Company (NBFC) does not possess proper banking licenses like commercial banks, but is permitted to carry out a variety of financial transactions to help public depositors, borrowers, and investors. Broadly, these NBFCs serve as the intermediator between the public borrowers and depositors and the institutions in the banking and financial sector. Efficient and expert services for NBFC registration in India have been an ancillary service of our full-fledged company law firm of Delhi for over a decade. The paragraphs below offer exclusive information all about registration of NBFC in India, to help the concerned people and companies.
Today, there are three main categories of NBFCs in India, which are the following --- Loan Companies (LCs), Asset Finance Companies (AFCs), and Investment Companies (ICs). And, the various areas of activities by these non-banking financial companies are the following in general --- deposits, hire-purchasing, investment funds, leasing and financing, insurance business, industrial and commercial loans & advances, chit business, instruments of the capital and money markets, and many other similar activities. Our well-resourced and nationwide prestigious law firm extends fast and finest services for registration of any of the above categories of NBFC, and for doing business in any or few of the above-mentioned areas, anywhere in entire India.
Any already registered company under the Companies Act of 2013 or earlier Companies Act, and engaged in any above-noted fields essentially requires the NBFC certificate, if its total annual financial flow in business exceeds 50% of the total capital asset of the company. The NBFC certificate is issued by the RBI, after satisfying all the terms and conditions by the applicant company which are given in the section 45-IA of the RBI Act, 1934. The prescribed format for applying for the NBFC registration is obtainable from the RBI Website (www.rbi.org.in), along with info about the various documents and enclosures required. Lastly, the working and activities of every NBFC in India is supervised, regulated, and controlled by the provisions and regulations provided in the Chapter III B of the RBI Act, 1934.
To know all about registering the desired type of company anywhere in India, or for harnessing our expert and efficient legal services for any tasks associated with management or growth of a company, Indian or foreign people may readily contact us through any of the following means: Contact at: +91-8800-100-284 or Mail at Contact@Company-Registration.in
Posted by Anita Aswal - 20th September 19