How many types of NBFCs are there?

Investment and Credit Company-On 22nd February 2019, RBI has released a notification on “Harmonization of the Non-Banking Financial Companies (NBFCs) Categories.” In the Notification, RBI has decided to merge the 3 NBFCs (Asset Company, Investment Company, and Loan Company) into 1 named NBFC-Investment and Credit …

How NBFCs are registered?

Procedure to Incorporate an NBFC A company should first be registered under the Companies Act 2013 or should already be registered under the Companies Act 1956 as either a Private Limited or a Public Limited Company. The minimum net owned funds of the Company should be Rs. 2 Crore.

What are the different types of NBFCs and their functions describe?

RBI licenses all Different types of Non-Banking Financial Companies. Various types of NBFC are Asset Finance Company, Investment company, Investment Company, Infrastructure Finance Company, Housing Finance Company, Micro Finance Company etc.

What is Category A NBFC?

NBFCs are categorized a) in terms of the type of liabilities into Deposit and Non-Deposit accepting NBFCs, b) non deposit taking NBFCs by their size into systemically important and other non-deposit holding companies (NBFC-NDSI and NBFC-ND) and c) by the kind of activity they conduct.

What are Type 1 NBFCs?

Type 1 – NBFC-ND are the NBFC’s which do not intend to have a customer interface in the future, not having customer interface, not intending to accept public funds in the future and not accepting public funds currently.

How do I know my NBFC registration number?

14. Where can one find list of Registered NBFCs and instructions issued to NBFCs? The list of registered NBFCs is available on the web site of Reserve Bank of India and can be viewed at www.rbi.org.in → Sitemap → NBFC List.

What are NBFCs types of NBFCs?

The different types of NBFCs

• Asset Finance Company.
• Loan Company.
• Mortgage Guarantee Company.
• Investment Company.
• Core Investment Company.
• Infrastructure Finance Company.
• Micro Finance Company.
• Housing Finance Company.

What is type II NBFC?

Type 2 – NBFC-ND are the NBFC’s intending to have a customer interface in the future or currently having a customer interface, intending to accept public funds in the future or accepting public funds currently.