Question

Under the IFSCA (Finance Company) Regulations, 2021,

Q: Answer-Under the IFSCA (Finance Company) Regulations, 2021, what activities qualify Finance Companies (FCs)...

The IFSCA circular includes factoring and forfaiting of receivables as activities that qualify Finance Companies FCs and Finance Units FUs as Credit Institutions under the CIC Act, 2005.

what activities qualify Finance Companies (FCs) and Finance Units (FUs) as Credit Institutions under the CIC Act, 2005?

A Issuance of credit cards and debt instruments

B Providing factoring and forfaiting services

C Wealth management for HNIs

D Foreign exchange trading

E Real estate investment

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Under the IFSCA (Finance Company) Regulations, 2021,

Solution