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,
Institution Of Mechanical Engineers (India) Institution Of Mechanical Engineers (India) The Institution of Mechanical Engineers (India) is the Professional Body for Mechanical Engineers in India. Institution's Foundation Stone was Laid in the Year 1914. The Headquarters of the Institution is Located at HASMUKH Bhavan,Behind CIDCO Office,Near Hiranandani Park,Kharghar, Navi Mumbai - 410 210. Institution Conducts Bi Annual Examinations in Month of June(Summer) and December (Winter) Popularly Known as Chartered Engineers Examination (Degree Level Section A & B) & Technician Engineers Examination (Diploma Level) In Mechanical Engineering which are Recognized by Government of India,Ministry of Human Resource Development,Department of Higher Education. Late Sir C.V. Raman opined