NBFC-ICC definition

NBFC-ICC means any company which is a financial institution carrying on as its principal business - asset finance, the providing of finance whether by making loans or advances or otherwise for any activity other than its own and the acquisition of securities; and is not any other category of NBFCs as defined by the Reserve Bank in any of its Master Directions.
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Examples of NBFC-ICC in a sentence

  • Pursuant to the Amalgamations, the Amalgamated Company will be required to obtain requisite registrations/licenses from the RBI to operate as an NBFC-ICC and also surrender its existing NBFC-CIC registration/license to the RBI in accordance with the applicable laws.

Related to NBFC-ICC

  • Borrower LLC Agreement means the Limited Liability Company Operating Agreement of the Borrower, dated as of June 23, 2011.

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • Non-U.S. Subsidiary means any Subsidiary that is organized under the laws of a jurisdiction other than the United States of America or any State thereof or the District of Columbia.

  • Public-finance transaction means a secured transaction in connection with which:

  • Borrower Agreement means the Export-Import Bank of the United States Working Capital Guarantee Program Borrower Agreement between Borrower and Bank.