MCA made it mandatory for every company to fulfill requirement of an audit trail feature in their accounting software from 1st April, 2023.
Explore the general understanding and requirements of Non-Banking Financial Companies (NBFCs) before engaging in business. Learn about the definition and categories of NBFCs, including the criteria for registration and exemptions. Understand the regulations applicable to different types of NBFCs, along with the responsibilities and compliance requirements for deposit-taking and non-deposit taking NBFCs. Differentiate NBFCs from banks and grasp the importance of various prudential regulations.
Provisions related to Incorporation of Company with Charitable Objects Limited by Guarantee and not having Share Capital under companies Act
