NBFC Registration and Takeover – Step by Step Process in India
After it comes to loaning business you can have products like Secure Leaky or Micro Loan or maybe any fintech product. So in India, we have a license called NBFC Registration . Icc license. Icc means Investment Credit Company. So earlier this license was known as Loan Company and we have other categories called AFC Asset Finance Company and Investment Company. So sometime in 2019 at the beginning of fifteen RBI has merged all three categories into a loan company. So if you are willing to start a loan business you need to take only one license which is a Loan Company. And with the loan company, you can do all business activities like secure, Unsecured, working capital, business loan, everything. So this license has multipurpose features. So we’ll discuss this license. How new NBC resistance works in India So now you have two ways to avoid this license. One is where you apply for a new NBFC license and the second is where you will apply for an NBFC ticket. So at the star...