A non-banking institution which is a company and has the principal business of receiving deposits under any scheme or arrangement by any mode is also a non-banking financial company (Residuary non-banking company).
source https://www.caclubindia.com/articles/nbfc-and-its-incorporation-an-overview-48284.asp
source https://www.caclubindia.com/articles/nbfc-and-its-incorporation-an-overview-48284.asp
Post a Comment
Please drop your feedback, suggestions, query or feedback