Overview of NBFC Registration

A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013 engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business, but does not include any institution whose principal business is that of agriculture, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. The financial services offered by NBFCs include disbursement of loans and advances, acquisition of stocks, shares or bonds etc. Basic Requirements of NBFC Registration in India: • Paid up capital of Rs 2 Crore. • Can hold the deposit for the Minimum period of 12 months (1 year), and the maximum period it can hold for is of 60 months (5 years).

Documents Required for NBFC Registration

• Certified copy of Certificate of Incorporation • Certified copies of the extract of the MOA which states the main object clause relating to the financial business • Copy of PAN/CIN allotted to the company. • Copy of Fixed Deposit receipt & Bankers Certificate indicating balances in support of in the minimum Net Owned Fund(NOF) of Rs. 2 crores. • Directors' profile in details, signed by each director. • CIBIL Data of the Directors of the company • Copy of the certificate of highest educational and professional qualification in respect of all the director's NBFC experience • Copy of experience certificate, if any, in the Financial Services Sector (including Banking Sector) in respect of all the directors • For companies which are already in existence: the Audited balance sheet ,Profit & Loss account, Director & auditor's report; for the entire period the company is in existence, or for last 3 years, whichever is less. • Board Resolution as stated in the application form guidelines.

How To Register for NBFC

With basic identity documents, we can register NBFC. We help you registering an NBFC in four simple steps. Step 1:-Fill the form and attach the scan copy of your documents. Step 2:- Our team will verify all the information and documents provided by you. Step 3:- Then we will start the registration process after verifying the authenticity of the documents. Step 4:- Once the NBFC is registered, our experts will intimate you .

FAQ’s On NBFC

What is NBFC?

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956/2013 engaged in the business of loans and advances, acquisition of shares,stocks.

What are different types of NBFC’s?

There are different types of NBFC like Investment and Credit Company(ICC) Infrastructure Finance Company(IFC) Asset Finance Company(AFC) Infrastructure Debt Company(IDF)

Does the Reserve Bank regulate all financial companies?

NBFCs whose asset size is of 500 cr or more as per last audited balance sheet are considered as systemically important NBFCs.

What are systemically important NBFCs?

No. Housing Finance Companies, Merchant Banking Companies, Stock Exchanges, Companies engaged in the business of stock-broking/sub-broking, Venture Capital Fund Companies, Nidhi Companies, Insurance companies and Chit Fund Companies are NBFCs but they have been exempted from the requirement of registration under Section 45-IA of the RBI Act, 1934 subject to certain conditions.

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