Each of the non-banking financial company must compulsorily obtain commencement of their business certificate from the reserve bank of India. It is well defined under section 45 IA of the reserve bank of India RBI act. Also, the non-banking financial company won’t at all commence its business of non-banking financial institution without Obtaining an NBFC Registration Certificate. This certificate is issued by the reserve bank of India.
The NBFC Registration Certificate Online or an NBFC license can easily be obtained mostly within the time span of 90 days to 120 days which is about 3 to 4 months.