NBFC-FACTOR

(4) "Non-Banking Financial Company - Factor (NBFC-Factor)" means a non - banking financial company as defined in clause (f) of section 45-I of the Reserve Bank of India Act, 1934, which has its principal business as per Regulation 4 of these regulations and has been granted a Certificate of Registration (CoR) under section 3 of the Act;... (5) "Non-Banking Financial Company - Investment and Credit Company (NBFC-ICC)" means any company which is a financial institution carrying on as its principal business - asset finance, the providing of finance whether by making loans or advances or otherwise for any activity other than its own and the acquisition of securities, and granted a CoR under #Section45IA of the Reserve Bank of India Act, 1934; and is not any other category of #NBFCs as defined by the Reserve Bank in any of its Master Directions... In exercise of the powers conferred by section 3 read with Section 31A of the Factoring Regulation Act, 2011, the Reserve Bank of India, makes..

Also known as: NBFC-ICC