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Some Points about Nbfc registration
#1
Nbfc registration
The RBI Act does not describe a "principle corporation" in any specific way. As a result, the RBI has described financial operation in an effort to bring clarity. It has determined that a company's primary business will be classified as a financial operation only if it meets the following criteria: 
• Its total assets include more than 50% financial assets; and
• Income from financial assets accounts for more than 50% of gross income.
This is often referred to as the 50-50 rule.
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