The RBI has introduced a new category of NBFCs focused on factoring. A company seeking registration as NBFC-Factors would have a minimum net-owned fund (NOF) of Rs.5 crore. An NBFC-Factor would ensure that its financial assets in the factoring business constitute at least 75% of its total assets and its income derived from factoring business is not less than 75% of its gross income.
As Indians we know India in itself is an amazing nation and even the world agrees with that, however, grass is always greener on the other side and that is why Indians desire to immigrate a More
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