Report: RBI may allow NBFCs to issue credit cards
Current Situations of Reserve bank of India, recommendations now regarding NBFCs to be issue debit cards, Report: RBI may allow NBFCs to issue credit cards, ...
Read MoreNBFC Stands for Non Banking Financial Company. The basic business of a Non Banking Financial Company (NBFC) is to carry on the business of Loan and advances, leasing, hire purchase, insurance, etc.
An important point to be noted about Non Banking Financial Company (NBFC) is that it cannot carry on any agricultural activity, sale or purchase of any goods, industrial activity, or providing any services relating to sale / purchase / or construction of immovable property.
Registration of a Non Banking Financial Company (NBFC) is not an easy task, it requires various documentations to be completed including various compliances and criteria’s which are required to be fulfilled before issuance of certificate of registration from RBI.
So, it is advisable to appoint an expert consultant to make sure that you will be able to get the NBFC license and can run your NBFC Business.
Based on Liabilities:
NBFC Based on the type of the Activity
Further, Non Deposit taking NBFC has been divided into the following:
The basic documents required for registering a Non Banking Financial company (NBFC) are as follows:
The basic requirements for registering a Non Banking Financial company (NBFC) is as follows:
The registration process for registering a Non Banking Financial company (NBFC) is as follows :
We offer all kinds of Consultancy, Compliances and Registration Services in relation to Non Banking Financial Companies (NBFC). We have empanelled various experts to provide the expert advisory, Registration and Compliances services for Non Banking Financial Companies (NBFC)
The services included in Non Banking Financial Companies (NBFC) registration are:
200+
550+
2009
700+
How much time it takes for approval of Certificate of registration for Non Banking Financial Company ( NBFC )?
It takes around 120 – 140 days for getting Certificate of registration for NBFC.
How do we require to file application for Non Banking Financial Company ( NBFC ) Registration?
The application for NBFC Registration needs to be filed with RBI online and also a physical copy of application along with requisite documents is required to be submitted physically.
Is there any minimum capital requirement for Non Banking Financial Company ( NBFC ) Registration ?
Yes, the minimum capital required for NBFC Registration is 2 Cr.
What is the difference between Banks and NBFC’s?
The following are the differences between banks and NBFC’s
What are the regulation Applicable on a Non Banking Financial Company (NBFC) ?
NBFC Company is regulated by the Ministry of corporate affairs and Reserve Bank of india i.e. department of Non Banking supervision (DNBS).
So, it shall comply with both companies act 2013 and Circulars, Notification, Master Direction, Master Circulars, etc. of the reserve Bank of india.
All the information related to any client is considered confidential and never be disclosed to anyone.
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