BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 200 lakh
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Rs 250 lakh
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Rs 25 lakh
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Rs 100 lakh
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Detailed explanation-1: -In sum, henceforth, any NBFC making an application to Reserve Bank of India for a certificate of registration should have NOF of Rs. 200 lakhs. 3. A copy of the notification issued under the powers derived from the provisions of clause (b) of sub-section (1) of section 45-IA of the RBI Act is enclosed.
Detailed explanation-2: -Procedure to Incorporate an NBFC A company should first be registered under the Companies Act 2013 or should already be registered under the Companies Act 1956 as either a Private Limited or a Public Limited Company. The minimum net owned funds of the Company should be Rs. 2 Crore.
Detailed explanation-3: -Every company seeking registration as NBFC-Factor shall have a minimum Net Owned Fund (NOF) of ₹5 crore, or as specified by the Reserve Bank from time to time.