An NBFC (Non-Banking Financial Company) is a financial institution registered under the Companies Act, 1956 (or 2013) in India. Unlike traditional banks, NBFCs do not hold a banking license and are not allowed to accept demand deposits from the public. They engage in various financial services, such as offering loans, asset financing, leasing, hire purchase, and investment activities.... https://www.compliancecalendar.in/nbfc-company-registration