NBFC REGISTRATION

REGISTER A NBFC COMPANY

Keynotes on NBFC Registration

  • It takes 10 to 15 days for NBFC Registration
  • Completely online service – No physical presence required
  • Minimum capital to start Rs. 2,00,00,000/-
Need Service ? Apply Now

NBFC Registration Services
By NYAY SARTHI INDIA FILINGS

What is an NBFC?
A financial institution offering:
✓ Loans/advances
✓ Deposit acceptance* (*with RBI approval)
✓ Other banking services without a banking license

Our End-to-End NBFC Solutions:

✔ Fast-Track Registration

  • Average processing time: 90-120 days

  • RBI liaison support

✔ Documentation & Compliance

  • Drafting of MOA with financial objects

  • Preparation of key managerial personnel (KMP) documents

  • Net Owned Fund (NOF) certification

✔ Affordable Packages
Starting at ₹1,50,000* (*exclusive of govt. fees)

Why Choose Us?
• 120+ NBFCs successfully registered
• RBI-approved consultants
• Post-license compliance support

Special Offer: Free pre-application consultation

Launch Your NBFC with Confidence!

What is called a NBFC?

Understanding NBFCs in India
By NYAY SARTHI INDIA FILINGS

Definition & Legal Basis
✓ Registered under Companies Act (1956/2013)
✓ Financial services without banking license

Permitted NBFC Activities

  1. Core Financial Services:

    • Asset financing

    • Loans/credit facilities

    • Hire-purchase agreements

  2. Investment Services:
    • Securities trading (stocks/bonds)
    • Hedge funds management
    • Peer-to-peer lending platforms

  3. Specialized Services:
    ✓ Chit funds
    ✓ Forex exchange
    ✓ Insurance intermediation

Prohibited Activities (Non-NBFC)
✖ Industrial/manufacturing operations
✖ Agricultural production
✖ Real estate trading/development
✖ Goods trading (wholesale/retail)

Key Compliance Requirement:
• Minimum Net Owned Fund (NOF): ₹10 crore
• Mandatory RBI certification

NYAY SARTHI INDIA FILINGS provides:
✔ Activity-specific registration guidance
✔ RBI approval assistance
✔ NOF compliance support

Types of NBFC

Comprehensive NBFC Classification & Services
By NYAY SARTHI INDIA FILINGS

1. NBFC Types by Deposit Acceptance

A. Deposit-Taking (NBFC-D)
✓ Requires RBI approval for public deposits
✓ Stricter compliance requirements

B. Non-Deposit Taking (NBFC-ND)
• Cannot accept public deposits
• Must display “ND” suffix in name

2. Systemic Importance Classification
✓ Threshold: ₹100 crore+ assets
✓ Higher regulatory oversight
✓ Mandatory for financial stability

Our End-to-End NBFC Solutions:

✔ Registration Support

  • Business plan development

  • RBI liaison services

  • Net Owned Fund compliance

✔ Technology Solutions

  • Custom NBFC software

  • Fintech integration

  • Digital lending platforms

✔ Compliance Management

  • Monthly/quarterly reporting

  • Risk management frameworks

Why 200+ NBFCs Trust Us?
• RBI-approved consultants
• 60-day average registration time
• Post-license tech support

Depending on their activities, NBFCs can be categorized further

Comprehensive Guide to NBFC Categories in India
By NYAY SARTHI INDIA FILINGS

1. Asset Finance Companies (AFCs)
✓ Specialization: Equipment/machinery financing
✓ Coverage:
• Automotive loans
• Industrial machinery leases
• Generator/plant financing

2. Loan Companies (LCs)
• Unsecured working capital loans
• Short-term business financing
• Exclusions: Mortgage-backed lending

3. Investment Companies (ICs)
✓ Primary Activity: Securities trading
✓ Portfolio: Stocks/bonds/debt instruments

4. Core Investment Companies (CIC-ND-SI)
✓ Threshold: ₹100 crore+ assets
✓ Requirements:
– 90%+ assets in group company debt
– Mandatory equity conversion clause

5. Infrastructure Finance Companies (IFCs)
• Capital Requirement: ₹300 crore net worth
• Sector Focus: 75%+ assets in infra loans
• Credit Rating: Minimum ‘A’ grade

6. Micro Finance NBFCs (MFI-NBFCs)
✓ 85%+ assets in micro loans
✓ Priority sector focus

7. Infrastructure Debt Funds (IDF-NBFCs)
• Long-term infra project funding
• Specialized for PPP projects

Our NBFC Registration Services Include:
✔ Category-specific licensing guidance
✔ Net Owned Fund compliance
✔ RBI approval processing

Difference between NBFCs and Banks

Key Differences: NBFCs vs. Banks
By NYAY SARTHI INDIA FILINGS

1. Deposit Handling
✖ NBFCs: Cannot accept demand deposits (current/savings accounts)
✓ Banks: Fully licensed for all deposit types

2. Depositor Security
• NBFCs:

  • No DICGC insurance coverage

  • Higher risk for depositors
    • Banks:

  • ₹5 lakh deposit insurance per account

  • Regulated protection mechanisms

3. Payment Systems
✓ Banks:

  • Core part of payment infrastructure

  • Can issue cheques/drafts
    ✖ NBFCs:

  • No cheque-issuing authority

  • Excluded from RTGS/NEFT systems

Regulatory Implications:
→ NBFCs face lighter regulation than banks
→ Banks have stricter capital adequacy norms

Considering NBFC registration? Consult our RBI-approved experts!

Pre-needs of NBFC

Essential NBFC Registration Requirements
By NYAY SARTHI INDIA FILINGS

1. Legal Framework
✓ Registration under Companies Act (Section 3)
✓ Compliance with RBI Master Directions

2. Leadership & Capital
• Directors: 1/3 must have financial sector experience
• Minimum Net Owned Fund: ₹2 crore (unencumbered)

  • Special Cases:
    → NBFC-MFIs: ₹5 crore
    → IDF Sponsors: ₹3 crore + 15% CRAR

3. Financial Health Metrics
✓ Maximum 3% NPA ratio (for IDF sponsors)
✓ 3-year profitability track record (IDF requirement)

4. Operational Planning
• Mandatory 5-year business plan including:

  • Growth projections

  • Risk management framework

  • Capital adequacy plans

Our Tech-Driven NBFC Solutions:
✔ Automated document processing
✔ RBI application tracking
✔ CRAR/NPA monitoring tools

Why 250+ NBFCs Chose Us?
• Fastest registrations (Avg. 75 days)
• RBI-licensed consultants
• Free pre-submission audit

Launch Your NBFC Confidently!

Registration Process of NBFC

Comprehensive NBFC Registration Guide
By NYAY SARTHI INDIA FILINGS

1. Professional Team Assembly
✓ Engage RBI-specialized:
• Chartered Accountants
• Company Secretaries
• Ex-banking professionals

2. Corporate Foundation
• Register company (₹2.5 crore recommended capital)
• Appoint RBI-experienced auditor
• Form qualified board (1/3 financial experts)

3. Capital & Compliance Setup
✓ ₹2 crore FD (minimum NOF requirement)
✓ GST registration
✓ Business plan development

4. RBI Application Process

  1. Online submission via COSMOS portal

  2. Physical copy submission to regional RBI office

  3. Response to RBI queries within 15 days

5. Post-Approval Requirements
• Commence business within 6 months
• Implement risk management systems
• Monthly/quarterly reporting to RBI

Our End-to-End Services:
✔ Documentation: Application drafting & review
✔ Liaison: RBI correspondence management
✔ Tech Integration: Core banking solutions

Key Timelines:
→ 90-120 days for RBI approval
→ 7 days for company incorporation

Why 300+ NBFCs Trust Us?
• 98% first-time approval rate
• RBI-compliant business plans
• Ongoing compliance support

Start Your NBFC Journey Today!

Documents needed for NBFC Registration

Essential Documents for NBFC Registration
By NYAY SARTHI INDIA FILINGS

1. Corporate Documents
✓ Certified copies of:

  • Certificate of Incorporation

  • MOA & AOA (with financial objects)

2. Director/Shareholder KYC
• PAN & Aadhaar copies
• Educational/professional certificates
• Credit reports (CIBIL score ≥ 750 preferred)

3. Financial Proofs
✓ Net worth certificates (₹2 crore+ for promoters)
✓ Banker’s report on ₹2 crore FD
✓ 10-year financial sector experience proof

4. Operational Blueprints
• Underwriting model document
• Organizational hierarchy chart
• IT/cybersecurity policy

5. Compliance Documents
✓ Fair practices code
✓ Risk assessment framework
✓ KYC/AML policy

Our Value-Added Services:
✔ Document drafting & notarization
✔ Credit report analysis
✔ RBI application vetting

Fast-Track Your Registration!
Avg. processing time: 85 days with our experts