State the requirements for registration of Non-Banking Finance Company with Reserve Bank of India under the Reserve Bank of India Act, 1934.

In terms of Section 45-IA of the RBI Act, 1934, no Non-banking Financial Company can commence or carry on business of a non-banking financial institution without obtaining a certificate of registration from the Reserve Bank of India. There are various broad categories of NBFC's which can apply to and be registered with the RBI. However, for applying for registration, the NBFC should comply with the following: It should be a company registered under the Companies Act, and It should have a minimum net owned fund.