The company should have already been registered under the Companies Act 1956 as either a public limited company or private limited company, if not the company should be registered under the Companies Act 2013. You can read about the Types of Non Banking Financial Institutions – Functions & Objectives in the given link.
Further readings:
- NBFCs & IBC: RSTV – Big Picture Discussion on the RBI’s move to resolve NBFCs under insolvency law
- Insolvency And Bankruptcy Code (IBC) – IBC Amendment Bill 2021 [UPSC Notes GS III]
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Related Links |
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Mission Indradhanush for PSBs – Revamping Public Sector Banks |
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Bad Banks – Idea Proposed by Indian Banking Association (IBA) Due to COVID-19 |
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