Financial Companies NOT requiring NBFC License

Financial Companies NOT requiring NBFC License

The following types of entities that are involved in the Primary Company of financial Action do NOT Need NBFC Registration License:

• Housing Finance Companies – Regulated by the National Housing Bank;

• Insurance Companies – Regulated by the Insurance Regulatory and Development Authority of India (IRDA);

• Stock Broking – Regulated by Securities and Exchange Board of India;

• Merchant Banking Companies – Regulated by the Securities and Exchange Board of India;

• Venture Capital Companies – Regulated by the Securities and Exchange Board of India;

• Companies that run Collective Investment Schemes – Regulated by the Securities and Exchange Board of India;

• Mutual Funds – Regulated by Securities and Exchange Board of India;

• Nidhi Companies – Regulated by the Ministry of Corporate Affairs (MCA);

Chit Fund Companies – Regulated by the respective State Governments.