Currently, Govt. owned Companies as defied under section 2(45) of the Companies Act, 2013 and registered with RBI are exempted from regulatory and statutory provisions on NBFCs. Now, RBI has decided to make NBFC regulations application to Government NBFCs as per the specified timelines. The Govt. NBFCs that are already complying with the prudential regulation as per the road map submitted by them shall continue to follow the same.
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