Registration of NBFC license

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Registration of NBFC license

The registration of an NBFC (Non-Banking Financial Company) license is a critical regulatory step in many countries, including India. In India, the Reserve Bank of India (RBI) is the regulatory authority responsible for granting and overseeing NBFC licenses. To obtain an NBFC license, a company must meet the eligibility criteria and comply with the stringent regulatory requirements set by the RBI. The application process typically involves submitting detailed documentation, financial statements, and compliance declarations. Once approved, the NBFC is legally authorized to engage in specific financial activities, subject to ongoing regulatory supervision.