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Directorate of Institutional Finance, Madhya Pradesh |
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Non-Banking Financial Companies (NBFCs) in Madhya Pradesh | |||
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What is NBFC: A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/ stock/ bonds/ debentures/ securities issued by Government or local authority or other securities of like marketable nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property. A non-banking institution which is a company and which has its principal business of receiving deposits under any scheme or arrangement or any other manner, or lending in any manner is also a non-banking financial company (Residuary non-banking company). Source: RBI Website |
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Initiatives of Govt. of Madhya Pradesh with regard to NBFCs |
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ENGLISH: The Madhya Pradesh Nikshepkon Ke Hiton Ka Sanrakshan Adhiniyam, 2000 pdf (The Madhya Pradesh Protection of Depositors' Interest Act) The Madhya Pradesh Nikshepkon Ke Hiton Ka Sanrakshan Niyam, 2003 pdf (The Madhya Pradesh Protection of Depositors' Interest Rules)
HINDI: The Madhya Pradesh Nikshepkon Ke Hiton Ka Sanrakshan Adhiniyam, 2000 (pdf) The Madhya Pradesh Nikshepkon Ke Hiton Ka Sanrakshan Niyam, 2003 (pdf)
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