Webb8 apr. 2024 · NBFC-Factor is a non-deposit-taking NBFC with factoring as its main line of business. NBFC-Factor means a non-banking financial company that meets the Principal … Webb19 maj 2024 · The NBFCs are required to perform financial activities as prescribed in the Principal Business wherein financial activity as a principal business means a situation where a company’s financial assets constitute more than 50% of its total assets and where income adds from financial assets is more than 50% of its gross income.
(PDF) A Review of Role and Challenges of Non-Banking Financial ...
Webb8 maj 2024 · Factors (NBFC-Factors): NBFC-Factor is a non-deposit taking NBFC engaged in the principal business of factoring. The financial assets in the factoring business should constitute at least 50 percent of its total assets and its income derived from factoring business should not be less than 50 percent of its gross income. Webbför 3 timmar sedan · The phone number series will be issued to principal entities (businesses like banks) based on their requirement, for which Trai will soon come up with guidelines, officials said. The new series ... list of food you can eat on keto diet
NBFC License Cancellation: Procedure and Grounds - Enterslice
Webb3 dec. 2024 · The determinant factor for ‘principal business’ of an NBFC is commonly referred to as the 50-50 test – i.e., a company having financial assets more than 50% of its total assets, and... Webb25 juni 2024 · The Principal Business Criteria (PBC) is required to be maintained throughout the lifetime of NBFC , which requires a NBFC to maintain at least 50% of its Total Assets in the Form of... WebbAn organization whose principal business is linked to agriculture, sale, purchase or construction of immovable property, industrial production, sale and so on. The key difference among NBFC & the bank in which we can withdraw or deposit cash in a bank when we required it, but NBFC does not allow withdrawals or deposit cash when it is … list of football betting companies in nigeria