Can NBFC invest in Government securities?
An NBFC company can acquire shares, stocks, bonds, debentures, and securities from the Government as well as the local authorities or some other marketable securities. It may be involved in hire-purchase, leasing, insurance business, chit fund business.
Can NBFC engage in acquisition of securities?
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance …
Can NBFC buy G Sec?
Yes definitely . NBFCs can invest in Government securities. Let me substantiate my claim with two simple examples : Life Insurance Corporation of India ( LIC ) is one of the leading NBFCs in our country .
Which of the following activity is not permissible for NBFC?
NBFC cannot accept demand deposits; NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself; deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.
Who can issue Government securities?
The U.S. Treasury Department issues government securities through auctions to institutional investors for buying and selling. Retail investors can purchase government securities directly from the Treasury Department’s website, banks, or through brokers.
Which of the following does not have any rules and regulations of NBFCs?
Which of the following statements is/are correct? A) NBFCs does not hold a banking license. B) NBFC can issue Demand Drafts like banks….
| Q. | Which of the following does not have any roles in regulation of NBFCs? |
|---|---|
| A. | National Housing Bank |
| B. | Reserve Bank of India |
| C. | SIDBI |
| D. | Ministry of Corporate Affairs |
How many NBFC ombudsman are there?
four NBFC Ombudsman
How many NBFC Ombudsman have been appointed and where are they located? As on date, four NBFC Ombudsman have been appointed with their offices located at Chennai, Kolkata, New Delhi and Mumbai. The addresses, contact details and territorial jurisdiction of the Ombudsman is provided in the Annex I of the Scheme. 3.
Which of the following does not have any rules and regulation of NBFCs?