Difference between NBFC and Microfinance Companies

Non-Banking Financial Company Vs Micro Finance Institution What are NBFCs? The term NBFC (Non-Banking Financial Company) refers to a company which is registered under the Companies Act and is regulated by the Reserve Bank of India under the RBI Act,1934. The...

NBFC Vs Nidhi Company Vs Micro-Finance

In this article, we will be understanding a great difference in NBFC Vs Nidhi Company Vs Micro-Finance. What is NBFC An NFBC involves the business of loans, advances, or procurement of shares, stocks, debentures, bonds as well as securities irrespective of the fact,...

Section 269SS and 269T applicable to NBFC: RBI

INTRODUCTION TO SECTIONS 269SS AND 269T In a notice released on March 9, 2017, the RBI pronounced that sections 269SS and 269T will be pertinent to NBFCs. These specifications, therefore, add to the list of NBFC Annual compliances in India. Before we dig into what...

Non Banking Financial Company – An Overview

Meaning and Types of NBFCs Non-Banking Financial Company (NBFCs) may be stated as a company registered under the Companies Act, 1956 and under the provisions of section 45-IA of the Reserve Bank of India Act, 1934. NBFCs offers banking services without actually being...

Annual Compliance of NBFCs India

Introduction One kind of company that has emerged to be a serious player within the market is NBFC or Non-Banking monetary corporations. NBFCs are contributory to a rumored twelve.5% rise within the Gross Domestic Product (GDP) and are so among the one in all the...