How does the Society utilize the funds/deposits collected by it? The Society uses the funds in lending to the members and investments as per the Co-operatives society Act/Rules/By-Laws. Society’s lending is in the shape of small loans for business or personal use. Are the Deposits with the Society safe & secured? Government of India has Read More →

Non Banking Financial Company NBFC

FDI in Non-Banking Finance Companies (NBFC) is allowed up to 100% under the automatic route in only the following activities: Merchant Banking Under Writing Portfolio Management Services Investment Advisory Services Financial Consultancy Stock Broking Asset Management Venture Capital Custodian Services Factoring Credit Rating Agencies Leasing & Finance Housing Finance Forex Broking Credit Card Business Money Read More →

NBFC Licesing & Registration in India

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act that is engaged in the business of loans and advances, receiving deposits (some NBFC’s only), acquisition of stocks or shares, leasing, hire-purchase, insurance business, chit business. Therefore, NBFCs lend and take deposits similar to banks; however there are a few differences a) Read More →