Discussion Forum : Nabard & Other Bank Examinations
Question -
Non–Banking Financial Companies (NBFC) are registered under which act?
Answer: Option B
A NON BANKING FINANCIAL COMPANY (NBFC) IS A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 OF INDIA, ENGAGED IN THE BUSINESS OF LOANS AND ADVANCES, ACQUISITION OF SHARES, STOCK, BONDS, HIRE-PURCHASE INSURANCE BUSINESS OR CHIT-FUND BUSINESS.
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A NON BANKING FINANCIAL COMPANY (NBFC) IS A COMPANY REGISTERED UNDER THE COMPANIES ACT, 1956 OF INDIA, ENGAGED IN THE BUSINESS OF LOANS AND ADVANCES, ACQUISITION OF SHARES, STOCK, BONDS, HIRE-PURCHASE INSURANCE BUSINESS OR CHIT-FUND BUSINESS.
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