<h1>Registration and regulation of NBFCs governs deposit acceptance, prudential norms and mandatory reporting protections for depositors.</h1> Framework requires companies engaged in defined financial activities to obtain RBI registration and maintain prescribed Net Owned Funds, with exemptions for entities regulated elsewhere. NBFCs are categorised by liability, size and activity, each category having specified asset composition, capital or credit quality conditions. Public deposit acceptance is subject to RBI authorisation, ceilings, interest and maturity restrictions, credit rating requirements and mandatory liquid asset maintenance; deposits remain unsecured and uninsured. Supervisory rules prescribe prudential norms, reporting returns, governance measures and depositor remedies through civil, consumer and corporate fora.