What is NBFC Registration | How to apply it?

If you are interested in entering the financial market soon, this article explains everything about NBFC such as the procedure for NBFC License Online, documents required, capital required and other key-requirements. Let us comprehend in detail henceforth about NBFC and how it works in India.
Procedure to getting A NBFC License Online
Following is the easy step to obtain NBFC License Online:
• Start the process by creating a company under the Companies Act 2013. No other entity other than the company is allowed to apply for an NBFC license. Any type of company such as private or public can apply for a license. However, OPC cannot apply to RBI for NBFC License Online. The company shall mention the objectives of financial activities on its MOA.
• After the registration of the company, it needs to raise its capital to match the net-owned fund on INR 2 Crore as per RBI norms for NBFC Registration Online Process.