https://www.taxtmi.com/news?id=4418 NBFCs are reclassified into Exempted and Registered categories; all deposit-taking companies must be registered and fall under RBI regulation. New non-deposit NBFCs must meet minimum capitalization and asset-size entry norms and satisfy a redefined Principal Business Criteria requiring substantially higher proportions of financial assets and financial income. Large financial entities meeting alternate thresholds must also register. Groups with multiple NBFCs will have assets aggregated for systemic threshold assessment, and captive NBFCs are subject to higher Tier I capital requirements with phased compliance. en-us Mon, 24 Dec 2012 11:26:23 +0530 Mon, 24 Dec 2012 11:26:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4418 NBFCs are reclassified into Exempted and Registered categories; all deposit-taking companies must be registered and fall under RBI regulation. New non-deposit NBFCs must meet minimum capitalization and asset-size entry norms and satisfy a redefined Principal Business Criteria requiring substantially higher proportions of financial assets and financial income. Large financial entities meeting alternate thresholds must also register. Groups with multiple NBFCs will have assets aggregated for systemic threshold assessment, and captive NBFCs are subject to higher Tier I capital requirements with phased compliance. News - Mon, 24 Dec 2012 11:26:23 +0530 https://www.taxtmi.com/news?id=4418