Private Limited Company Under section 2 (68) of company act, 2013 Private company mean company incorporated under company’s act 2013 having paid-up share capital as may be prescribed, and which by its articles, — i. Restricts the right to transfer its shares: ii. Except in case of OPC, limits the number of its member to two hundred: Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purpose of this clause, be treated as a single member:

Understanding #NBFC - #NON-BANKING FINANCIAL COMPANY Before diving into the NBFC registration process & fees, it's essential to understand what an NBFC is and its significance in the financial ecosystem. Non-Banking Financial Companies (NBFCs) are financial institutions that provide services similar to traditional banks but do not hold a banking license. Despite not having a banking license, NBFCs play a crucial role in India's financial system by offering various financial services such as loans, advances, investments, and credit facilities. https://www.corpzo.com/nbfc-registration They cater to a wide range of sectors and segments, providing financial solutions to individuals, small businesses, and even large corporations. They are financial intermediaries registered as companies, indulged in various financial services that range from providing loans and advances, accepting deposits, delivering credit, acquisition of shares, stocks, debenture, bonds, securities, hire-purchase insurance. and play an pivotal role in financial development of our economy. While the Indian financial system is dominated by banks, NBFC’s increase the financial inclusion of the corporate sector, facilitate credit to the unorganized sector & small and local borrowers by supplementing and posing competition to the banking sector in India. NBFCs are regulated by the RBI under the framework of the Scale Based Regulation (SBR), which categorizes NBFCs based on their size, activity, and perceived riskiness. The regulatory structure of NBFCs is divided into four layers: Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL), and Top Layer (NBFC-TL). Each layer has its own set of regulations and compliance requirements. The SBR aims to align the regulatory framework of NBFCs with their changing risk patterns and ensure the stability and growth of the financial sector.