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.
People are different from the Cooperative and Commercial Banks, They make not want to operate a banking license but must surely follow the rules and regulations. you are interested in assignment services my site provides online assignment help, visit my current plans, websites for more information.