NBFC Registration and Compliance Services in India
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.
What is NBFC registration?
NBFC registration refers to the process of obtaining a license from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company. These companies can provide loans, advances, or financial services without being a bank. Moreover, NBFCs must comply with RBI regulations, capital requirements, and reporting standards. Additionally, proper documentation and company structure are essential for approval. Consequently, NBFC registration ensures legal compliance, builds credibility, and allows businesses to operate in India’s financial sector responsibly and securely.
How to register an NBFC in India?
To register an NBFC in India, first incorporate a company under the Companies Act, 2013 with a minimum net owned fund of ₹2 crore. Then prepare and submit the application to the RBI along with required documents such as board resolutions, KYC, and business plan. Moreover, ensure compliance with RBI guidelines, including capital adequacy and statutory filings. Additionally, maintain proper internal controls and audited financials. Consequently, timely approval enables the NBFC to operate legally while building credibility and trust in the financial market.
What is the NBFC registration process?
The NBFC registration process begins with incorporating a company under the Companies Act, 2013, ensuring a minimum net owned fund of ₹2 crore. Then, prepare the application with required documents, including board resolutions, KYC details, business plan, and audited financials. Moreover, submit the application to the RBI for scrutiny and adhere to their guidelines. Additionally, maintain proper internal controls and statutory compliance. Consequently, following this process carefully ensures timely approval and allows the NBFC to operate legally and credibly in India’s financial sector.
What are the NBFC registration fees / cost?
The NBFC registration fees in India primarily include the RBI application fee, professional consultancy charges, and company incorporation costs. Moreover, the minimum net owned fund requirement is ₹2 crore, which is a financial prerequisite for approval. Additionally, expenses may arise for legal documentation, board resolutions, KYC submissions, and compliance audits. Consequently, the total cost varies depending on company structure and professional assistance. Therefore, careful planning and budgeting help ensure smooth registration while maintaining compliance and operational readiness.
What is the minimum capital required for NBFC registration?
The minimum capital required for NBFC registration in India is ₹2 crore as Net Owned Fund (NOF). Moreover, this fund acts as a financial buffer to ensure stability and compliance with RBI regulations. Additionally, NBFCs must maintain this capital throughout operations, along with proper documentation and audits. Consequently, having adequate capital not only meets legal requirements but also builds credibility with clients, investors, and financial institutions, enabling smooth business operations and fostering trust in the financial market.
Which documents are required for NBFC registration?
To register an NBFC in India, several key documents are required. Firstly, incorporate the company under the Companies Act, 2013 and provide Certificate of Incorporation, Memorandum of Association (MOA), and Articles of Association (AOA). Moreover, submit board resolutions, KYC details of directors, business plan, financial statements, and Net Owned Fund proof. Additionally, include audited accounts, address proof, and professional certifications if applicable. Consequently, having complete and accurate documentation ensures timely RBI approval and enables the NBFC to operate legally and credibly.
How much time does NBFC registration take?
NBFC registration in India typically takes 3 to 6 months, depending on the completeness of documents and RBI scrutiny. Moreover, timely submission of incorporation certificates, board resolutions, KYC details, and audited financials can expedite the process. Additionally, adherence to RBI guidelines and prompt responses to queries play a crucial role. Consequently, careful preparation and professional assistance not only reduce delays but also ensure smooth approval. Therefore, planning ahead helps businesses start operations legally and confidently.
Who is eligible for NBFC registration?
To be eligible for NBFC registration in India, a company must be incorporated under the Companies Act, 2013 with a minimum Net Owned Fund of ₹2 crore. Moreover, directors and promoters should have a clean track record without any criminal or financial defaults. Additionally, the company must have proper internal systems, audited accounts, and a clear business plan. Consequently, meeting these criteria ensures smooth RBI approval, legal compliance, and establishes credibility in India’s financial sector.
What is the difference between an NBFC and a bank?
An NBFC (Non-Banking Financial Company) provides loans, advances, and financial services but cannot accept demand deposits like a bank. Moreover, banks are highly regulated by the RBI and offer a full range of banking services, including savings and current accounts. Additionally, NBFCs have comparatively relaxed regulations but must maintain minimum Net Owned Funds and comply with RBI guidelines. Consequently, while both facilitate credit, banks handle deposits and payment systems, whereas NBFCs focus on lending, investments, and niche financial services.
What are the RBI guidelines for NBFC registration?
The RBI guidelines for NBFC registration include incorporating a company under the Companies Act, 2013 with a minimum Net Owned Fund of ₹2 crore. Moreover, NBFCs must maintain proper accounting standards, internal controls, and audited financial statements. Additionally, compliance with KYC norms, periodic reporting, and adherence to capital adequacy requirements is mandatory. Consequently, following these guidelines ensures legal approval, smooth operations, and credibility in the financial market. Therefore, professional assistance is recommended to navigate the RBI registration process efficiently.