This project has been performed using the help of many people.

Without their help and enthusiasm this project would never have been
what it is. Firstly, I thank UNIVERSITY OF MUMBAI to give me
this project. I would also thank the principal Mrs. J.K PHADNIS for
her support.
I would also like to thank our co-coordinator Prof. SACHIN
BHANDARKAR who had helped in choosing the project topic.
Because of him I could find easy to do project on this topic. I also
thank my guide Prof. MINAL GANDHI who has supported me
throughout my project with his patience and knowledge. I attribute the
successful completion of the project to her encouragement.
I also like to thank my cyber sir SHASHANK JOSHI who helped
me in completion of my project.
I would like to thank Mrs. SANGITHA manager of SHREE
GOKULAM CHIT & FINANCE Co. Pv. Ltd. who helped me in
providing information about chit fund.
I also like to thank my friends who helped me and last but not least
my parents who helped me a lot in completion of my project.
And I also like to thank many other people not mentioned here,
who have also contributed or inspired me in any other way.



PURPOSE OF THE STUDY:-
The basic purpose behind the study was to get detailed knowledge
about the Non-Banking Financial Companies and its improvement. The
study was basically aimed to know more about the Non-Banking
companies such as Chit funds, Nidhis fund, Investment company, Hire
purchase and Leasing.

OBJECTIVES OF THE STUDY:-
To study about Non-Banking Financial Companies in detail.
To study about Chit fund.
To study about Nidhis fund.
To study about Investment company.
To study about Hire purchase.
To study about Leasing.



RESEARCH METHODOLOGY:-


LIMITATIONS:-
Find very difficult to get information on Nidhis fund
Only at one place I have visited









PRIMARY
DATA
SECONDARY
DATA


A non-banking financial company (NBFC) is a company registered under
the Companies Act, 1956 and is engaged in the business of loans and advances,
acquisition of shares/stock/bonds/debentures/securities issued by government or
local authority or other securities of like marketable nature, leasing, hire-purchase,
insurance business, chit business. Non-banking financial companies, are financial
institutions that provide banking services, but do not hold a banking license. These
institutions are not allowed to take deposits from the public.All operations of these
institutions are still covered under banking regulations.
Chit means a transaction under which a person enters into an agreement with
a specified number of persons that every one of them shall subscribe a certain sum
of money by way of periodical installments over a definite period and that each
such subscriber shall, in his turn, as determined by lot or by auction or by tender or
in such other manner as may be specified in the chit agreement, be entitled to the
prize amount.
Nidhi company is a company doing the business of lending and borrowing
with its members or shareholders. The object of the NIDHI companies was to
enable the members to save money and to secure loans at favourable rates of
interest. The companies inculcate the habit thrift in the public.The deposit taking
activities of NIDHIs are governed by the RBI Act and guidelines made there
under.
An investment company is a company whose main business is holding
securities of other companies purely for investment purposes. The investment
company invests money on behalf of its shareholders who in turn share in the
profits and losses.
Hire purchase is a contract in which the buyer acquires the
possession of the goods immediately and agrees to pay the total cost in installment
where each installment is treated as hire charges. The ownership of goods is
transferred to the buyer from seller only when the last Installment is paid.
In leasing there is an agreement between two parties whereby
one party allows the other to use his/her property for a certain period of time in
exchange for a periodic fee. The property covered in a lease is usually real estate or
equipment such as an automobile or machinery. There are two main kinds of
leases. A capital lease is long-term and ownership of the asset transfers to the
lessee at the end of the lease. An operating lease, on the other hand, is short-term
and the lessor retains all rights of ownership at all times.


















SR NO. TOPIC PAGE NO.
1. NBFC 1-10
2. TYPES Of NBFC 11-14
3. CHIT FUND 15-24
4. NIDHIS COMPANY 25-28
5. INVESTMENT COMPANY 29-37
6. HIRE PURCHASE 38-44
7. LEASING 45-53
8. CONCLUSION 54
9. RECOMMENDATION 55
10. BIBLIOGRAPHY 56