Non-Banking Financial Companies are financial institutions that provide banking services without meeting the legal definition of a bank. In this blog, we will discuss the meaning of NBFC, it's functions and all other aspects of Non-Banking Financial Companies. What is Non-Banking Financial Company all about? Non-Banking Financial Company is incorporated under the Companies Act, 1956 or the Companies Act.2013 which is engaged in financial activities comparable to that of a bank. Non-Banking Financial Companies are financial institutions that provide banking services without meeting the legal definition of a bank. Non-Banking Financial Companies can raise funds from the public directly or indirectly or can freely lend them to spenders. Non-Banking Financial Company is very popular due to attractive interest rates on the deposits of investors. Functions of NBFC
Non-Banking Financial Company has a great financial impact on the Indian economy. Non-Banking Financial Company focuses on business related to loans and advances, acquisition of shares, stock, bonds etc issued by Government or any local authority. Non-Banking Financial Company aims for economic development of our country. Circumstances where the one person need help in the matter of Non-banking financial companies? Following are the circumstances under which people may need help in the matter of Non-banking financial companies:
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7/6/2023 11:41:21 am
Congratulations on setting up your business! Now you’re probably wondering how business expenses work. We’ll walk you through some of the typical business expenses you can claim to reduce the amount of tax you pay on your profits. If you have any questions or would like to discuss your needs further,
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