642 - Activities of holding companies and financing conduits | NIC-2025 Group Codes
This group includes the activities of holding companies and financing conduits. These are corporate groups' captive financial entities, i.e., units created by a financial or non-financial group to fulfil specific financial activities, whose main activity it is to own the group or to act as a vehicle to arrange and channel funds within the group, respectively.
This group excludes:
Classes in Group 642
The 4-digit class is the level used in most government forms. Open one to read what it includes and to reach its NIC codes.
Frequently asked questions
What activities are in Group 642 of NIC-2025?
Group 642 (Activities of holding companies and financing conduits) is a 3-digit cluster within Division 64. It contains 2 classes and 4 NIC codes for related activities.
How do I pick a NIC code from Group 642?
Open the class that matches your work, then choose the sub-class (the full NIC code) that best describes your activity. IncorpX provides assistance for selecting the correct code for Udyam, GST and incorporation.
Choosing between similar codes in Group 642?
An IncorpX advisor can confirm which NIC code fits your business and provide assistance for the registrations that use it. Free, with no obligation.
