Moreover, the documents can be uploaded at any time, so there is no requirement to assign a person and make an appointment to send the files and hand them over to the auditor.
The NBFC was established under the Companies Act 2013 and still acts similar to the banks; the difference is that NBFC can actively deposit lending money but cannot issue cheques.
Primarily there are three approaches for the business valuation: Market-Based Approach: Under a market-based approach, it is necessary to identify a firm under the same industry with whom the concerned company is compared based on the suitable multiples: The earnings of the company post-tax deduction are multiplied to calculate an estimation of the value of equity.