NBFC Registration
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Non-Banking Financial Company (NBFC) Registration
A Non-Banking Financial Company (NBFC) is a financial institution registered under the Companies Act that operates in lending, investments, leasing, hire purchase, insurance, and other financial activities. Unlike banks, NBFCs cannot accept demand deposits, issue cheques, or offer deposit insurance coverage, but they play a crucial role in the Indian financial system by providing credit and financial services to businesses and individuals.
Key Features of NBFCs:
- Engaged in financial activities such as loans, advances, asset financing, and investments.
- Regulated by the Reserve Bank of India (RBI) under the RBI Act, 1934.
- Subject to the 50-50 Test – A company qualifies as an NBFC if financial assets constitute more than 50% of total assets, and income from financial activities exceeds 50% of gross income.
- Mandatory RBI Registration – Companies must obtain an NBFC License before commencing operations.
Eligibility & Requirements for NBFC Registration:
- Registered Company – The entity must be incorporated under the Companies Act, 2013.
- Minimum Net Owned Funds (NOF) – At least ₹10 Crore as per RBI guidelines.
- Fit & Proper Criteria – Promoters and directors must have a clean financial and legal background.
- Business Plan Submission – A detailed business plan is required for RBI approval.
- Compliance & Regulatory Norms – Adherence to capital adequacy, governance, and risk management policies.
Why Choose Panchal S K and Associates?
- Expert Guidance - Step-by-step support from incorporation to RBI registration.
- Comprehensive Documentation - Assistance with business plans, financial structuring, and compliance filings.
- Regulatory Compliance - Ensuring adherence to RBI norms, corporate governance, and financial reporting.
- Ongoing Support - Post-registration compliance, auditing, and advisory services.