Does a company, acting as an authorized person for a share broker, require NBFC registration in India?

Does a company, acting as an authorized person for a share broker, require NBFC registration in India?

No it does Not.

  1. A non banking financing corporation is an entity which would take in deposits and give out loans, whereas a stock broker charges a commission to buy/sell shares.
  2. Moreover, an NBFC comes under the purview of RBI but a stock broker would come under SEBI.

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