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NBFC Registration is acquired according to the provisions of the Companies Act, 2013 and RBI Act, 1934. Obtaining an NBFC license all conditions under section 45-IA of the RBI Act, 1934 are compulsorily to be fulfilled.
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Online NBFC Registration - An Overview An NBFC, also known as Non-Banking Finance Company is a private or public limited company registered under Companies Act, 2013 and also has obtained COR (Certificate from Registration) from the reserve bank of India. The NBFC is primarily engaged in the business of providing loans and advances, acquisition of shares and stocks and other investible securities. RBI grants license to the NBFCs to carry out the business of providing various kinds of loans such as Personal Loans, Asset Financing, SME Lending, Gold Loans, Loan against Property, Loan against Shares, Short term Personal Loans, etc.
Advantages of NBFC Registration in India 1. 2. 3. Save Time and Cost Easy Recovery of Loan Economic Growth What are the Focus areas of NBFC? Customised Loan Products: The need of one customer is different from other and so is the funds requirement; Flexible rate of interest: To stand in par with the Banking channels, NBFCs shall strive to serve competitive interest rates to the customers; Quick Disbursal of Funds; Minimal documentation requirement; Serving the underserved section; Efficient Recovery Mechanism.