Question

NBFCs in India are companies that are registered under which of the following Act?

A Companies Act 2013 Correct Answer Incorrect Answer
B RBI Act 1934 Correct Answer Incorrect Answer
C SEBI Act 2002 Correct Answer Incorrect Answer
D Government of India Act 1935 Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 or Companies Act, 2013. They are mainly engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government.

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