NBFC Registration
Loans and advances, acquisition of securities, leasing, hire-purchase, insurance business, chit business.
But does not include in the business of Agriculture activity, Industrial activity, Purchase or sale of any goods (other than securities) or provide any services and sale/purchase/construction of immovable property.
In past few years, the NBFCs have become the prime source of raising fund. It is considered as one of the fast-growing business in India. A NBFC registration is done under very stringent rules and regulations of the RBI Act. It is nowadays recognized as an important segment of Indian economy.