As per the Companies Act 2013, Non-Banking Financial Company or NBFC is that type of company which is involved in the business of receiving Loans and Credit Facilities, Acquisition of Bonds/Stocks/Shares, Hire-Purchase, Leasing, Assets Financing, Insurance, Currency Exchange, Peer to Peer ...
Companies of this category does not engage in any transactions involving its holdings in bonds, loans, or shares of group companies other than block sales for dilution or disinvestment, further It doesn't engage in any activities listed in Sections 45(c) or 45(f) of the RBI Act of 1934....
First of all, there is no reason to include creeping acquisition here, as the relevance of the same is limited to equity listed companies. In fact, the way creeping acquisition is defined in SAST Regulations, there may actually be no change in shareholding at all, and still an acquirer may...
- NBFCs in the upper layer are to be listed within three years of identification as NBFC-UL. Unlisted NBFC-ULs to draw up a board-approved road map for compliance with disclosure requirements of listed companies. Removal of independent directors - ...
This is being done to augment risk management practices in view of the increasing role of non-banking financial companies (NBFCs) in direct credit intermediation, the RBI said in a notification. "While boards of NBFCs should strive to follow best practices in risk management, it has been de...
A single platform to Sell or Buy NBFC Companies or Bombay Stock Exchange Listed companies and other Businesses for Sale
The rules of the provisions of the Banking Regulation Act, 1949, Reserve Bank of India Act, 1934, other relevant Statutes and the regulations of SEBI regarding public issues and other guidelines applicable to listed banking companies shall be applicable to new banks. For Conversion Of Non-Banking...
While India has emphasised the tokenisation/digital locker approach, OfCom allows companies to choose their own methods for age verification. While the authority provides a list of options that it considers highly effective— like using photo identification and facial age estimation— it specifies tha...
Details of the Reserve Bank of India - IT Framework for NBFC Regulatory Compliance built-in initiative. Each control is mapped to one or more Azure Policy definitions that assist with assessment.
has recurrently offered loans to borrowers against shares of unlisted companies. However, it is not very common for NBFCs to go down the pledge route, especially, in relation to the unlisted companies. There are certain risks involved. In the next section, we have highlighted some of the risk...