wefonep – https://www.muds.co.in/nbfc-registration/

NBFC Registration with RBI

NBFC Registration RBI is mandatory under the stricter regulation by RBI. If you are engaged in the primary business of the financial activities, you must first get an NBFC registration RBI license and number, pursuant to the RBI Act of 1934.

Every firm wishing to register as an NBFC must first meet the following standard, according to section 45 I (a) of the RBI Act, 1934:

Under Section 3 of the Companies Act, 2013, the firm must be registered as a Private Limited Company or a Public Company. The applicant must have a net owned fund (NOF) or a fixed deposit account with a balance of Rs. 2 crores.

NBFC registration with RBI has been made a hassle-free process these days. To know more about the NBFC registration process and NBFC registration RBI procedure please visit our website.

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