If businesses whose principal activity is lending, making investments or accepting deposits, are required to be registered with RBI as NBFCs, and if they are found without NBFC license, RBI can impose penalty or fine on them. They can even
be indicted in a court of law. Members from the general public are invited to report such firms to the nearest Regional
Office of RBI. And appropriate action will be taken for violating the provisions of the RBI Act, 1934.