Non banking Financial Company (NBFC) is a financial company registered under the Indian New Companies Act, 2013 in order to provide all kinds of financial assistance to people. It works like a public limited company and serves every purpose of an individual or a community in a country. The main or primary purpose of a non banking financial company is to provide financial advance, loans and other financial assistance to those are unable to get assistance from banks. These days, online NBFC registration services are hugely popular among all financial institutions those are wishing to get the NBFC registration certificate. Non banking financial company has been rapidly growing in these days in India where majority of people are living under the poverty line and therefore, NBFC registration is the need of the hour for many leading business entrepreneurs from across the country.
Online NBFC Registration Services
Online NBFC registration services are impeccably growing due to its easy and simple process rather than traditional form of registration. All financial organizations those want to register as a Non Banking Financial Company (NBFC) must have to be registered as per the Section IIIB of the Reserve Bank of India Act 1934 as per the rules and regulations. There are numbers of independent financial organizations those are well established in their respective rights need to register under the Reserve Bank Of India to work as a non banking financial company. In India, there is a huge requirement of such type of organizations because millions of people are in dire need of financial assistance for various purposes. Here, we are giving the following requirements as per the Reserve Bank of India to register as a Non Banking Financial Company (NBFC):
- A financial institution which is a company
- A non banking institution which is involved in receiving lending deposits to people.