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As we all know to start a business, one needs to get a license or register his company with a governmental organization (be it central or state). As stated by section 45-A of the RBI act, 1934, one cannot commence the business of an NBFC without,\<br>\\u2022\\tobtaining a certificate from the bank \<br>\\u2022\\tWithout having a Net Owned Fund of Rs 2 cr.
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