Yes, an NBFC (Non-Banking Financial Company) in India requires a license to operate. The license, known as the Certificate of Registration (CoR), is issued by the Reserve Bank of India (RBI) after the NBFC meets the necessary conditions for registration. The key requirements include maintaining a minimum Net Owned Funds (NOF) of ₹2 crore, adhering to financial and regulatory norms, an... https://www.compliancecalendar.in/nbfc-company-registration