NBFC Registration & Compliance Services in India
📌 What is an NBFC?
A Non-Banking Financial Company (NBFC) is a financial institution incorporated under the Companies Act, 2013 and regulated by the Reserve Bank of India (RBI) under Section 45-IA of the RBI Act, 1934. NBFCs provide loans, advances, investments, hire-purchase, leasing, and other financial services but cannot accept demand deposits like banks. They are key players in financial inclusion, catering to businesses and individuals underserved by traditional banks.
📌 Eligibility Criteria for NBFC Registration
To register as an NBFC with the RBI:
- The entity must be a company incorporated under Section 3 of the Companies Act, 2013.
- Must maintain a minimum Net Owned Fund (NOF) of ₹2 crores as required under Section 45-IA(1) of the RBI Act, 1934.
- Directors must meet the “fit and proper” criteria set by RBI to ensure integrity and competence.
- The company must have a viable business plan and sufficient infrastructure to conduct financial activities.
- A registered office in India is mandatory.
📌 Types of NBFCs (as per RBI guidelines)
NBFCs are classified based on the nature of business:
- Asset Finance Company (AFC): Provides loans for tangible assets like vehicles or machinery.
- Loan Company (LC): Grants commercial or personal loans.
- Investment Company (IC): Invests in securities or other financial instruments.
- Microfinance NBFC (NBFC-MFI): Provides microloans to low-income individuals.
- Infrastructure Finance Company (NBFC-IFC): Finances long-term infrastructure projects.
- Core Investment Company (CIC): Holds investments in group companies.
- Other NBFCs: Includes NBFC-Factors, NBFC-Non-Deposit Taking, and NBFC-Deposit Taking entities.
📌 Our NBFC Registration Services Include
We provide end-to-end assistance for RBI registration and compliance:
- Drafting and filing the NBFC application for Certificate of Registration (CoR) under Section 45-IA of the RBI Act, 1934.
- Preparing the business plan, financial projections, and necessary board resolutions for RBI submission.
- Assisting with director appointments and ensuring compliance with RBI’s fit & proper criteria.
- Developing internal compliance systems, accounting frameworks, and risk management policies.
- Filing statutory registrations such as PAN, TAN, and GST, essential for NBFC operations.
- Advisory on selecting the right category of NBFC and operational structuring.
📌 Advantages of NBFC Registration
- Legally Recognized Entity: Operates under RBI supervision, ensuring credibility.
- Access to Capital: Can raise funds through equity, debt, or borrowing from financial institutions.
- Enhanced Trust: Boosts confidence among investors, customers, and lenders.
- Business Expansion: Can offer diverse financial services and reach underserved sectors.
- Regulatory Compliance: Ensures structured operations and mitigates risks.
- Financial Inclusion: Provides credit to small businesses, microenterprises, and individuals.
📌 Documents Required for NBFC Registration
- Certificate of Incorporation reflecting financial business objectives under Companies Act, 2013.
- Memorandum & Articles of Association specifying financial activities.
- Audited financial statements or NOF certificate.
- KYC documents of promoters and directors.
- Board resolutions approving NBFC registration and business plan.
- Office setup and infrastructure details.
- Internal policies for compliance, accounting, and operations.
📌 Why Partner With India Stat Filing
- Expert guidance on RBI regulations and Section 45-IA compliance.
- Complete support from incorporation, NBFC registration, to operational readiness.
- Assistance in preparing business plans, internal control systems, and statutory documentation.
- Timely updates and transparent communication to ensure smooth RBI approval.
- Advisory on post-registration compliance, reporting, and statutory obligations.
📌 Our Commitment
India Stat Filing ensures your NBFC is legally registered under the Companies Act, 2013 and RBI Act, 1934. We manage the entire process, including documentation, application filing, compliance setup, and advisory services, ensuring your NBFC can start operations efficiently and legally.
📞 Get Started Today
Maximize your financial operations with a legally compliant NBFC. Contact India Stat Filing to register your NBFC seamlessly and ensure full regulatory adherence.