NBFC (Non-Banking Financial Company) Registration : Step by Step Process

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 that is engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, and chit business, but does not include any institution whose primary business is agriculture, industrial activity, purchase or sale of land, or any other business.