Annual Compliances of an NBFC – checklist, forms, penalties
We all have heard names of popular NBFCs like Muthoot Finance, Bajaj Finance, Tata Capital Financial Services Ltd., etc. But, what is an NBFC? Are they the same as a Bank? As the name suggests, a Non-banking Financial Company (NBFC) is a financial institution that undertakes a financial activity as its principal activity in the...