𝗞𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲_𝗕𝗮𝘀𝗲: A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act 1956 engaged in the business of loans and advances, and acquisition of shares/ stocks/ bonds/ debentures/ securities. These must be issued by a government, local authority or other marketable securities. Also, they receive deposits under any scheme or arrangement in a lump sum or instalments by way of contribution.
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