NBFC Vs Micro Financing Institution: Things to Know before Setting Up Finance Company
Non-Banking Financial Company or NBFC refers to a company registered under the [...]
How MUDS Management Helps in Registration of New Asset Financing Firms?
If you want to start a new Asset financing company, then not [...]
Essential Documents For Non-Banking Financial Company Registration
A non-banking financial company (NBFC) is a company which is registered under the Companies Act, 2013 or earlier Companies Act, 1956 involved in the business of loans and advances....
Benefits Of Nidhi Company Registration
Nidhi Companies in India is registered with the objective of cultivating the habit of Thrift and Saving amongst its members with Mutual Benefit thereof. By structure, all these companies....
Framework of registration – Peer to Peer Lending Platform
No non-banking institution other than a company shall undertake the business of Peer to Peer Lending Platform. No NBFC-P2P shall commence or carry on the business.....
Prudential Norms and Operational Guidelines of NBFC – P2P
NBFC-P2P shall maintain a Leverage Ratio not exceeding 2.The aggregate exposure of a lender to all borrowers at any point of time, across all P2Ps, shall be subject to a cap of 10,00,000/-.
Scope of Activities of an NBFC – P2P
1. An NBFC-P2P shall - act as an intermediary providing an online marketplace or platform to the participants involved in Peer to Peer lending; not raise deposits as defined by .....
Fund Transfer Mechanism under NBFC – P2P
Fund transfer between the participants on the Peer to Peer Lending Platform shall be through escrow account mechanisms which will be operated by a trustee. At least two escrow accounts.....
Disclosure/Code/Requirement to be followed by NBFC – P2P
NBFC-P2P shall ensure that the providing of services to a participant, who has applied for availing of such services, is backed by appropriate agreements between the participants....
Top 4 Changes in FDI Norms for NBFCs
Modi Government seems unsatisfied with staggering 37% increase in FDI achieved in April-June 2017 as compared to last quarter. To further boost the economy.....
4 Critical Impacts of Latest RBI Notification on P2P Lending Industry
P2P Lending is a new concept in debt financing. It enables a person to take a loan or invest money in lending, without any interactions whatsoever with a financial institution such as a bank.....
Govt of India Regulates P2P Lending: 7 Things You Should Definitely Know !
The executive director at RBI, Sudarshan Sen had said at a recent conference in Mumbai that the regulator was waiting for a gazetted notification from the Government of India....