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Understanding the world of NBFCs

March 13, 2019[2019] 103 155 (Article)
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act and engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by the Government or a local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, and Chit business.
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