The Companies Act 1956/Companies Act 2013 regulates NBFCs, or non-banking financial companies. Despite the fact that they do not have a banking license, they provide a variety of financial services. Among the services offered are:
Credit and loan facilities
Financing for Assets
Purchase of stock/bonds/shares
Hire-purchase
The insurance industry
Chit business
Currency exchange
peer-to-peer financing
Hedge fund
Get Consult with Expert for NBFC Registration
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