We are an action-oriented firm, who will invest their sustain efforts in completing the registration of NBFC by focusing on reliability, adaptability, and transparency. To know more about NBFC registration in India, contact us immeditely.
Non-Banking Financial Companies (NBFC) are companies incorporated under the Companies Act, 1956 who are engaged in activities such as loans and advance, acquisition of bonds or shares or securities or debentures that are issued by Government or local authority or other marketable securities.
However, it does not encompass institutes whose fundamental business is,
In simple words, NBFC is engaged in business activity such as receiving deposits under any scheme or arrangement in a lump sum or installments as a contribution or other manner.
Assuredly, registration of NBFC under RBI is mandatory. However, if a financial company or person fails to do so and claims to be regulated by the RBI has to face a penalty, fine, and can be prosecuted under the court of law.
It’s a company whose fundamental business is to engage in the financing of the corporeal assets to support economic or productive activity.
Additionally, for this purpose, the fundamental business is determined as an aggregate of financing real or physical equipment assets for supporting economic activity and income. Thus, the total asset and income should not be below 60%, respectively.
The fundamental business of a loan company is providing the finance either by making loans/advances or for activities other than its own. However, it should not include Asset Finance Company.
An investment company is a company that is engaged in the business of the acquisition of securities.
IFC is an NBFC that utilizes 75% of the total assets in the infrastructure loans along with this it comprises a minimum NOF of Rs 300 crore. Also, it consists of a credit rating of at least “A” or equivalent and a CRAR of 15%.
IDF-NBFC is the company engaged in the flow of long-term debt in an infrastructure project. It raises the resources through the issuance of Rupee or Dollar denominated bonds of at least 5 years of maturity.
To be noted, Infrastructure Finance Companies (IFC) is the only authority that can sponsor the finances of IDF-NBFC.
It deals in the acquisition of shares and securities that satisfy the below-mentioned conditions,
It is a non-deposit company that is engaged in the business of factors. The financial assets under NBFC-Factor should comprise a minimum of 50% of its total assets and its income should constitute a minimum of 50%.
Under this, the promoter or promoter’s groups are sanctioned to establish a new bank. This company has the authority to hold banking services along with other financial activities (regulated by RBI or other financial sector regulators) because it is a completely owned Non-Operative Financial Holding Company (NOFHC).
MGC is the company that constitutes a minimum of 90% turnover in the mortgage business or constitutes at least 90% of gross income that comes from the mortgage guarantee business. Also, it has NOF of Rs 100 crore.
NBFC-MFI is the non-deposit that comprise at least 85% of its assets in the nature qualifying assets that fulfill the following requirements,
Be it any type of NBFC, we assure to provide our 100% assistance in registration of NBFC by ensuring transparency and reliability. Moreover, we will invest our time and efforts to complete the NBFC registration in India while ensuring utmost convience of our clients because we value our client's needs and time.
A company incorporated under the Companies Act 1956 with the need for commencing non-banking financial institution as explained under the Section 45 I(a) of RBI Act, 1934 a company should abide by
Accordingly, our team guarantees to assist you in the process of documentation of NBFC registration to avoid every possible inaccuracy. Thus, we will ensure a smooth procedure.
To make the NBFC registration process easy, our team will educate you concerning every aspect of the registration of NBFC without any hassle and challenge as we comprise the experience of 8+ years. Above all, we guarantee to avoid any inaccuracy.
JR Compliance consists of a team of experts who understands your business and provides you with the most satisfactory solution to your query regarding registration of NBFC. Not only this, but we will assist you throughout the NBFC registration process because we care about our clients, that’s why we comprise all the resources and experts to provide 100% assistance.
Our team has provided exemplary services to our valuable clients by ensuring proper coordination, follow-ups, and acknowledgment while completing the registration of NBFC.
To recapitulate, filling for the registration for the NBFC could be tedious for the company as it involves various processes such as documentation, filling the application, providing information if asked by RBI, etc.
Consequently, to make the NBFC registration process easy, contact our professional team who will provide you high standard services throughout the process. Along with that, our expert team will assist you in the process of documentation, evaluation, and tracking the status of your application.
Hence, for expert and professional services, contact us immediately.
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