{"id":20466,"date":"2019-06-28T07:39:28","date_gmt":"2019-06-28T07:39:28","guid":{"rendered":"https:\/\/www.legalraasta.com\/blog\/?p=20466"},"modified":"2026-04-07T17:17:00","modified_gmt":"2026-04-07T11:47:00","slug":"nbfc-regulation","status":"publish","type":"post","link":"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/","title":{"rendered":"NBFC Regulation"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Overview_of_NBFC\" title=\"Overview of NBFC\">Overview of NBFC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Indias_Regulatory_Requirements_of_NBFC\" title=\"India&#8217;s Regulatory Requirements of NBFC\">India&#8217;s Regulatory Requirements of NBFC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Types_of_NBFCs\" title=\"Types of\u00a0NBFCs\">Types of\u00a0NBFCs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Based_on_Liabilities\" title=\"Based on Liabilities:\">Based on Liabilities:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Based_on_Activities\" title=\"Based on Activities:\">Based on Activities:<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Asset_Finance_Company_AFC\" title=\"Asset Finance Company (AFC)\">Asset Finance Company (AFC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Equipment_Leasing_Company\" title=\"Equipment Leasing Company\">Equipment Leasing Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Hire_Purchase_Finance_Company\" title=\"Hire Purchase Finance Company\">Hire Purchase Finance Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Loan_Companies_LC\" title=\"Loan Companies (LC)\">Loan Companies (LC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Infrastructure_Finance_Company_IFC\" title=\"Infrastructure Finance Company (IFC)\">Infrastructure Finance Company (IFC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Systemically_Important_Core_Investment_Company_CIC-ND-SI\" title=\"Systemically Important Core Investment Company (CIC-ND-SI)\">Systemically Important Core Investment Company (CIC-ND-SI)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Infrastructure_Debt_Fund_IDF-NBFC\" title=\"Infrastructure Debt Fund (IDF-NBFC)\">Infrastructure Debt Fund (IDF-NBFC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Non-Banking_Financial_Company-Micro_Finance_Institution_NBFC-MFI\" title=\"Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI)\">Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Non-Banking_Financial_Company\" title=\"Non-Banking Financial Company\u00a0\">Non-Banking Financial Company\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Housing_Finance_Company\" title=\"Housing Finance Company\">Housing Finance Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Chit_Fund_Company\" title=\"Chit Fund Company\">Chit Fund Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Mutual_Benefit_Finance_Company\" title=\"Mutual Benefit Finance Company\">Mutual Benefit Finance Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-regulation\/#Residuary_Non-Banking_Company\" title=\"Residuary Non-Banking Company\">Residuary Non-Banking Company<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Overview_of_NBFC\"><\/span><em>Overview of NBFC<\/em><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A Non-Banking Financial Company (NBFC) is a financial institution.\u00a0 It carries on businesses under the<a href=\"https:\/\/www.legalraasta.com\/blog\/board-meeting-as-per-companies-act-2013\/\" target=\"_blank\" rel=\"noopener\">\u00a0<strong>Companies Act 2013<\/strong><\/a><strong>\u00a0<\/strong> like:-<\/p>\n<ul>\n<li>receiving personal loans and advances,<\/li>\n<li>Acquisition of stocks or shares,<\/li>\n<li>Leasing,<\/li>\n<li>Hire-purchase,<\/li>\n<li>Insurance business, and<\/li>\n<li><a href=\"https:\/\/companyregistrationonline.in\/blog\/difference-chit-fund-nidhi-company\/\" target=\"_blank\" rel=\"noopener\">chit fund<\/a> business.<\/li>\n<\/ul>\n<p>In India, the authority to control the NBFC\u00a0registration is with the Reserve Bank Of India(RBI). <a href=\"https:\/\/www.legalraasta.com\/blog\/nbfc-nidhi-company-microfinance-company\/\" target=\"_blank\" rel=\"noopener\">Non-Banking Financial Company<\/a> helps people with its variety of banking and non-banking services. They need to follow the\u00a0rules and regulations made by RBI. According to the provisions mentioned in <strong>Chapter III B of the RBI Act 1934<\/strong>, it&#8217;s function is regulated and supervised.\u00a0 <a href=\"https:\/\/www.legalraasta.com\/nbfc-registration\/\" target=\"_blank\" rel=\"noopener\">NBFC Registration\u00a0<\/a>must be done as per the rules &amp; regulations referred to in\u00a0<strong>Section 45-IA of the RBI Act 1934 <\/strong>and as per <strong>companies\u00a0Act 2013.\u00a0<\/strong>There is a necessity of minimum net owned fund of Rs. 2 Crore in NBFC.<\/p>\n<p>The main activity of their business is to raise funds\u00a0from\u00a0public depositors and investors and then lend to borrowers according to\u00a0rules and regulations made by the Reserve Bank of India. They are an alternative to the banking and financial sector.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Indias_Regulatory_Requirements_of_NBFC\"><\/span>India&#8217;s Regulatory Requirements of NBFC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/nbfc-stocks_crop6_thumb.png\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-20490 alignleft\" src=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/nbfc-stocks_crop6_thumb.png\" alt=\"nbfc regulation\" width=\"489\" height=\"169\" srcset=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/nbfc-stocks_crop6_thumb-200x69.png 200w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/nbfc-stocks_crop6_thumb-300x104.png 300w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/nbfc-stocks_crop6_thumb-400x139.png 400w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/nbfc-stocks_crop6_thumb-600x208.png 600w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/nbfc-stocks_crop6_thumb-768x266.png 768w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/nbfc-stocks_crop6_thumb-800x277.png 800w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/nbfc-stocks_crop6_thumb.png 866w\" sizes=\"(max-width: 489px) 100vw, 489px\" \/><\/a><\/p>\n<p>After obtaining \u201cCertificate of Registration\u201d from the\u00a0RBI only then NBFCs can start its operations.<\/p>\n<ul>\n<li>The company should\u00a0be registered as a public limited company or\u00a0private limited company in India<\/li>\n<li>The company should have mininmum net owned fund Rs.2 Crore.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>(Note that, the net owned fund will be calculated as per the last audited balance sheet of the company.)<\/strong><\/p>\n<ul>\n<li>NBFCs can accept or renew public deposits for a minimum period of 12 months and a maximum period of 60 months.<\/li>\n<li>Also, they can&#8217;t accept deposits repayable on demand.<\/li>\n<li>NBFCs can offer interest rates not\u00a0more than the ceiling rates referred by RBI from time to time.<\/li>\n<li>Offering gifts\/incentives or any other additional benefit to the depositors is not allowed.<\/li>\n<li>There is a necessity of minimum investment-grade credit rating.<\/li>\n<li>There is no assurance by RBI for repayment of\u00a0deposits by NBFCs.<\/li>\n<li>NBFC has to submit hard copies of the documents through the regional office of RBI.<\/li>\n<\/ul>\n<blockquote><p>Must Read:\u00a0<a href=\"https:\/\/www.legalraasta.com\/blog\/prerequisites-nbfc-registration\/\" target=\"_blank\" rel=\"noopener\"><strong>Prerequisites of NBFC Registration<\/strong><\/a><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_NBFCs\"><\/span>Types of\u00a0NBFCs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"attachment_20473\" style=\"width: 810px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/NBFC-Aquisition.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-20473\" class=\"wp-image-20473 size-800\" src=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/NBFC-Aquisition-800x373.jpg\" alt=\"NBFC\" width=\"800\" height=\"373\" srcset=\"https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/NBFC-Aquisition-200x93.jpg 200w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/NBFC-Aquisition-300x140.jpg 300w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/NBFC-Aquisition-400x187.jpg 400w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/NBFC-Aquisition-600x280.jpg 600w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/NBFC-Aquisition-768x359.jpg 768w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/NBFC-Aquisition-800x373.jpg 800w, https:\/\/www.legalraasta.com\/blog\/wp-content\/uploads\/2019\/06\/NBFC-Aquisition.jpg 1024w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><p id=\"caption-attachment-20473\" class=\"wp-caption-text\">NBFC Regulation | Types |Legal Raasta<\/p><\/div>\n<p>NBFCs can be categorized on the basis of their liabilities or activities. Below we give in detail about them.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Based_on_Liabilities\"><\/span><em>Based on Liabilities:<\/em><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Deposit Accepting NBFCs (NBFCs-D) [Deposit Taking]<\/li>\n<li>Non-Deposit NBFCs (NBFCs-ND) [Non-Deposit Taking]<\/li>\n<li>Systematically Important NBFCs-ND (NBFCs-ND-SI)<\/li>\n<li>Others NBFCs-ND<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Based_on_Activities\"><\/span><em>Based on Activities:<\/em><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"Asset_Finance_Company_AFC\"><\/span><strong>Asset Finance Company (AFC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>These type of companies involve\u00a0financing physical assets such as:-<\/p>\n<ul>\n<li>Automobiles,<\/li>\n<li>Material handling equipment, and<\/li>\n<li>Industrial machines supporting economic activity.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Equipment_Leasing_Company\"><\/span><strong>Equipment Leasing Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Equipment Leasing Company is a type of financial institution which carries its own principal business activity of leasing of equipment.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Hire_Purchase_Finance_Company\"><\/span><strong>Hire Purchase Finance Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>It is a type of financial institution that carries its own principal business activity of hire purchase transactions.<\/p>\n<p><strong>Investment Company (IC)<\/strong><\/p>\n<p>It is a type of financial institution whose main business is related to the acquisition of securities.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Loan_Companies_LC\"><\/span><strong>Loan Companies (LC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>It is a type of institution which provides finance in the form of loans or advances. And they obtain funds by collecting deposits from the public, as well as give loans to small-scale traders.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Infrastructure_Finance_Company_IFC\"><\/span><strong>Infrastructure Finance Company (IFC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Net own funds of\u00a0Infrastructure Finance Company is\u00a0Rs.300 Crore, Credit rating \u2018A\u2019 or equivalent credit rating, CRAR of 15% and 75% in infrastructure loans.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Systemically_Important_Core_Investment_Company_CIC-ND-SI\"><\/span><strong>Systemically Important Core Investment Company (CIC-ND-SI)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>This company has deployed at least 90% of its assets(assets of Rs. 100 crores and above) in the form of investment in shares, debt instruments or loans in group companies. These companies also accept public funds.<\/p>\n<blockquote><p>Must read:\u00a0<a href=\"https:\/\/www.legalraasta.com\/blog\/regulations-for-nbfcs\/\" target=\"_blank\" rel=\"noopener\"><strong>Regulations governing NBFCs in India<\/strong><\/a><\/p><\/blockquote>\n<h4><span class=\"ez-toc-section\" id=\"Infrastructure_Debt_Fund_IDF-NBFC\"><\/span>Infrastructure <strong>Debt Fund (IDF-NBFC)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>These types of companies can be set up either as a trust or as a company and they are meant to infuse funds into the infrastructure sector.<\/li>\n<li>But if Infrastructure Debt Funds can set up as a trust, then it is a mutual fund. And it will be known as IDF-MF which is regulated by SEBI. The mutual fund would issue rupee-denominated units with 5 years of maturity to collect funds for the infrastructure projects.<\/li>\n<li>And in case Infrastructure Debt Funds can set up as a company, it will be an NBFC which will work under the guideline of RBI. Such companies are known as IDF-NBFC.\u00a0IDF-NBFC\u00a0is a type of non-deposit taking NBFC that has Net Owned Fund of Rs 300 crores or more and which invests only in Public-Private Partnerships (PPP). The post-commencement operations date (COD) infrastructure projects which have completed at least 1 year of satisfactory commercial operation and become a party to a Tripartite Agreement.<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"Non-Banking_Financial_Company-Micro_Finance_Institution_NBFC-MFI\"><\/span><strong>Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>It is a non-deposit NBFC having it\u2019s 85% of assets in the form of microfinance.<\/p>\n<p>Microfinance needs to be in the form of loans given to those who all are having an annual income of Rs. 60,000 in rural areas and Rs. 120,000 in urban areas. Also, loans should not exceed Rs. 50,000. The duration of the loan should not be less than 24 months.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Non-Banking_Financial_Company\"><\/span><strong>Non-Banking Financial Company\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>These companies should have a minimum Net Owned Fund of Rs. 5 Crore and its financial assets in the factoring business should constitute a minimum of 75 percent of its total assets. And its income derived through factoring business should be a minimum 75 percent of its gross income.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Housing_Finance_Company\"><\/span><strong>Housing Finance Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>It is a type of company whose main business is of financing of addition or construction of houses. And also includes the development of plots of lands for the construction of new houses.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Chit_Fund_Company\"><\/span><strong>Chit Fund Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Chit Fund Company collects deposits from members on a periodic basis and distributes those funds between them as prizes. Members who enter into an agreement with chit Company subscribe for a particular period. The Chit Fund Act, 1982 governs the functions of the Chit Fund Company administered by the State Governments. And the deposit-taking activities works under the guideline of\u00a0 Reserve Bank of India(RBI)<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Mutual_Benefit_Finance_Company\"><\/span><strong>Mutual Benefit Finance Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>These Companies also called \u201cNidhis\u201d, are the non-banking finance companies that allow its members to pool their money into predetermined investment objective. The main sources of funds:-<\/p>\n<ul>\n<li>share capital,<\/li>\n<li>member deposits,<\/li>\n<li>public deposit<\/li>\n<\/ul>\n<p>Must read about <a href=\"https:\/\/www.legalraasta.com\/increase-authorised-share-capital\/\" target=\"_blank\" rel=\"noopener\"><strong>Increase in Authorised Share Capital<\/strong><\/a><\/p>\n<h4><span class=\"ez-toc-section\" id=\"Residuary_Non-Banking_Company\"><\/span><strong>Residuary Non-Banking Company<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>This company is a type of NBFC having the main business of the receiving of deposits, under any scheme, arrangement or in any other way and not being an investment, asset financing, and loan company. These types of companies have to maintain investments as per regulations of RBI, in addition to liquid assets.<\/p>\n<p>&nbsp;<\/p>\n<p>For further information regarding\u00a0<a href=\"https:\/\/www.legalraasta.com\/private-limited-company-registration\/\" target=\"_blank\" rel=\"noopener\">Company Incorporation<\/a>,\u00a0<a href=\"http:\/\/companyregistrationonline.in\/private-limited-company-registration\" target=\"_blank\" rel=\"noopener\">Private Limited Company<\/a>,\u00a0<a href=\"https:\/\/www.legalraasta.com\/public-limited-company-registration\/\" target=\"_blank\" rel=\"noopener\">Public Limited Company<\/a>\u00a0you can visit our website:\u00a0<a href=\"https:\/\/www.legalraasta.com\/\" target=\"_blank\" rel=\"noopener\">Legal Raasta<\/a><\/p>\n<p>Give us a call at <span style=\"color: #0000ff;\"><strong>8750008585<\/strong><\/span> and you can also send your query on Email: <a href=\"mailto:contact@legalraasta.com\" target=\"_blank\" rel=\"noopener\">contact@legalraasta.com<\/a>.\u00a0OR you can download our\u00a0<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.legalraasta.www.legalraasta_gst&amp;hl=en_US\" target=\"_blank\" rel=\"noopener\">Legal Raasta app<\/a><\/p>\n<blockquote><p>Related Article<\/p>\n<p><a href=\"https:\/\/www.legalraasta.com\/microfinance-company-registration\/\" target=\"_blank\" rel=\"noopener\">Micro Finance company Registration<\/a><\/p>\n<p><a href=\"https:\/\/www.legalraasta.com\/producer-company-registration\/\" target=\"_blank\" rel=\"noopener\">Producer Company Registration<\/a><\/p>\n<p><a href=\"https:\/\/www.legalraasta.com\/section-8-company-registration\/\" target=\"_blank\" rel=\"noopener\">Section 8 Company Registration<\/a><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Overview of NBFC A Non-Banking Financial Company (NBFC) is a financial institution.\u00a0 It carries on businesses under the\u00a0Companies Act 2013\u00a0 like:- receiving personal loans and advances, Acquisition of stocks or shares, Leasing, Hire-purchase, Insurance business, and chit fund business. In India, the authority to control the NBFC\u00a0registration is with the Reserve Bank Of India(RBI). Non-Banking Financial 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