NBFC & MFI in India NBFC & MFI in India A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business but does not include any institution whose principal business includes agriculture, industrial activity or the sale, purchase or construction of immovable property. The working and operations of NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the Reserve Bank of India Act, 1934 (Chapter III-B) and the directions issued by it. On November 9,
Central Organising Committee, Communist Party of India (Marxist–Leninist) Chopra, broke away and joined the T. Nagi Reddy group. In 1979 what remained of Sharma's COC, CPI(ML) suffered yet another split, as some party leaders in Punjab rejected his support for Deng Xiaoping in China and the Three Worlds Theory. In 1982 M. Appalasuri's COC, CPI(ML) faction merged with Bhowani Roy Chowdhury's West Bengal-based CPI(ML) Unity Organisation, forming the Communist Party of India (Marxist-Leninist) Party Unity. Central Organising Committee, Communist Party of India (Marxist–Leninist) Central Organising Committee, Communist Party of India (Marxist–Leninist) (abbreviated COC, CPI(ML)) was a communist party in India, one of the main splinter factions of the