can NBFC collect money from public without registering under RBI,SEBI or IRDA?Since some companies are doing?



Most of the companies are collecting money from the public without registration under RBI or SEBI in pretext of handsome return.Million people have deposited in such institutions.Will the Govt or RBI band them or rectify the existing regulation?

One Reply to “can NBFC collect money from public without registering under RBI,SEBI or IRDA?Since some companies are doing?”

  1. Need not to be registered with SEBI provided it is not a listed company in NSE / BSE or else. On complaint even local authorities can take action as it is against law.





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