Page 289 - CA Final Audit Titanium Full Book. (With Cover Pages)

CA Ravi Taori

(CNO—NBFC.080) COMPANIES WHICH NEED REGISTRATION WITH RBI

IFFI inaugurated by CM sponsored by NBFCs
Investment and Credit Company (ICC)
Non-Operative Financial Holding Company - (NOFHC)
Non-Banking Financial Company - Factors (NBFC-Factors)
Infrastructure Finance Company (IFC) (Only 9 such companies in India, L&T Infrastructure Finance
Company Ltd)&Infrastructure Debt Fund- Non- Banking Financial Company (IDF-NBFC) (Only 4
such companies in India, L&T Infra Debt Fund Ltd)

Core Investment Company (CIC) &Systemically Important Core Investment Company (CIC-ND-
SI)(For financing of a particular business group, TATA Capital Limited)
Non-Banking Financial Company - Micro Finance Institution (NBFC-MFI). (Bandhan Financial
Services Limited)

(CNO—NBFC.100) Companies exempted from registration under RBI

Companies that do financial business but are regulated by other regulators are given specific exemption by the
Reserve Bank from its regulatory requirements for avoiding duality of regulation.
Following NBFCs have been exempted from the requirement of registration under Section 45 -IA of the RBI
Act, 1934 subject to certain conditions.

Merchant Banking: Companies regulated by the Securities and Exchange Board of India (SEBI).

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