NBFC
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. A non-banking institution which is a company and has the principal business of receiving deposits under any scheme or arrangement in one lump sum or in installments by way of contributions or in any other manner is also a non-banking financial company (Residuary non-banking company).
The Government of Maharashtra came up with the idea for Star Human Resources, which provides extensive support services and recommendations for Maharashtra's robust investment growth. It aims to make it easier for NRKs and recently returned immigrants to invest in and launch commercial initiatives in the state. NBFC offers clients specialized advice in almost all areas that are pertinent to their line of work and expert information about investment opportunities in Mumbai.
The Maharashtra Mumbai Institute for Entrepreneurship Development, an independent organization under the Industries and Commerce Department of the Government of Maharashtra, was chosen by the Norka-Roots to serve as the Managing Partner of the NBFC and transform the center into a superb supporting contact point for investors and entrepreneurs.
