for more abt NBFCs.............
NBFCs are registered companies that can engage in businesses such as -
a) Loans and advances
b) Insurance
c) acquisition of shares/bonds/debentures/any marketable security
but NBFCs cannot engage in -
a) agricultural activity
b) industrial activity
C) Sale purchase of immovable property
A NBFC can either be registered with Sebi or RBI. Dual registration is not required.
NBFCs that are registered with RBI are -
a) Asset Financing Companies (AFC)
b) Investment Company (IC)
c) Loan Company (LC)