When it Comes to RBI compliances for NBFC, Ignorance is not an option. The NBFCs are required to submit various periodic returns to the RBI and the returns vary with respect to the NBFC’s business activities and liabilities. The compliance regulations keep on altering based on the circumstances and situations. An NBFC must be well aware of these regulations and stay abreast with them. In case of non-compliance, then the NBFC would be subject to severe penalties or RBI may even cancel the certificate of registration (CoR) of such NBFCs
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