NBFC Takeover Financial Company as the name itself suggests they are financial companies but not banks. NBFC stands for Non-Banking Financial Companies. NBFCs are businesses which are registered under either Companies Act of 1956 or 2013. NBFCs are specialized in imparting loans and different types of financial support that is provided under the section 45(IA) of the RBI Act of 1934. In order to implement an NBFC in India there are two ways which include fresh NBFC registration and NBFC takeover.https://whizseed.com/service/nbfc-takeover
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