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