REGULATION OF NBFCS

• Different categories of NBFCs are regulated by different regulators

• Most NBFCs are regulated by RBI, however not all.

• Venture Capital Fund/Merchant Banking companies/Stock broking companies are registered with SEBI.

• The Insurance Companies are regulated by IRDA

• Chit Fund Companies are regulated by the respective State Governments

• Nidhi Companies are regulated by Ministry of Corporate Affairs, Government of India