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An NBFC, or Non-Banking Financial Company, is a company registered under the Companies Act that conducts financial services like loans, advances, and investments, but does not hold a banking license and cannot accept demand deposits. "Associates" in the context of an NBFC typically refers to related companies or entities that are part of the same group or network, potentially involved in financial or non-financial activities. Concepts with in depth clarity📝 At Sudarshan Agrawal Classes (SAGC), we don’t just prepare you to clear the CA | CMA Exam — we prepare you to excel in your career. Here’s why we stand out: ✔ Think & participate actively ✔ Develop concepts that last a lifetime ✔ No boring lectures—understanding is our priority ✔ Step-by-step learning with relatable examples With 30 years of teaching expertise, Sudarshan Sir has mentored countless CA & CMA professionals. Now it is YOUR turn to succeed! Don’t settle for less. Invest in your future today! 👉 Click the link in bio to start your journey! 📩 Join our WhatsApp group for free updates: https://whatsapp.com/channel/0029VaAi... #conceptincapsules #cafinalclasses #caintermediateclasses #cmainterclasses #cmafinalclasses #conceptonthemove #shortconceptsinonego#cmafinal #corporatefinancialreporting #cfr #cmacfr #startearly #stayahead #Caintermediate #caexams #cacoaching #caclassesonline #learnfromhome #learnwithsagc #facetoface #cainter #sudarshanagrawalclasses #mumbai #navimumbai #indas #maharashtra #cainterclassess #accountingstandards#cmapendriveclasses #introduction #indasapplicability #nbfc&associates