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NBFC REGISTRATION

IN INDIA
PRESENTED BY:- FINLAW.IN

CONTACT US:- FINLAW.IN


INSTRUCTIONS

NBFC prove to become a real game changer in Indian economy because it


has shown considerably higher growth rate in a couple of years and it has
a very rising future in Indian financial industry.

Because of rising growth of NBFC in the Indian economy, numerous


businessman and investor turning towards NBFC Formation in India. But
for NBFC Registration and Formation RBI has criteria which you must fit
in.

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NBFC GROWTH FACTORS

89,526,124$
Lesser Degree of
Robust GDP
Regulation
Growth

More Range of Services


Rising Saving Rate

Multiple Regulatory
Increased per Capita Authorities
Income 100%

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CLASSIFICATION Of NBFC

 Equipment Leasing Company


 Mutual Benefits Financial Company
 Loan Company
 Investment Company

 Higher Purchase Finance Company


 Micro Finance Companies
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NBFC REGULATION IN INDIA

 NBFCs cannot receive deposits repayable on demand;


 Public deposits for a minimum period of 12 months and a maximum
period of 60 months can be received/renewed;
 The interest rates on deposits cannot be higher than the ceiling rate
as prescribed by RBI;
 The deposits are not insured and their repayment is not guaranteed
by RBI.

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NBFC REGISTRATION REQUIRMENT

- A company registered under Companies Act is given in 2013 or previous Companies Act, 1956

- You should have minimum net owned funds of INR 2 crore. For investor desirous of setting up an
NBFC in India and mostly this amount to be present in company bank account at applying for
NBFC Registration in India.

- You should have a clean CBIL records

- If total financial flow of your business more than 50% the total capital assets of the company
then getting NBFC certificate is mandatory.

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NBFC REGISTRATION PROCESS

Application for Registration in the Prescribed Form Containing:-

- Identification Particulars,
- Capital Fund and Risk Assets,
- Information on Management.

Application is to be submitted in two separate sets tied up Properly in two


files.
Annex 2 to be submitted duly signed by the director/Authorized signatory
and certified by statutory auditors.
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FUTURE OF NBFC IN INDIA

NBFC play a key role towards increasing the financial lending as per the
government agenda. The unique value proposition is the big main reason for
the success of NBFC and this proposition make NBFC differ than bank.
NBFC has become a complete solution to meet the requirement of business
and individuals which is left by the banking system.

NBFCs have come a long way in securing a crucial position in the financial
market of India. They lend money to the ultimate spenders or unorganized
sectors, which are outside the purview of the banking channels.

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“ NBFCs the new Innovators of BFSI
Industry - bfsi.eletsonline.com

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ROLE OF NBFC CONSULTANT

NBFC is strictly controlled by RBI and as per the rules and regulation
which are provided in the chapter of RBI act of 1934. To handle all the
legal complexity you need a trustworthy and expert NBFC consultant
who is responsible to handle all the legal procedure for NBFC formation.

The goal of NBFC formation is neither easy nor more demanding. There
are lots of NBFC consultancy firm in the market which help you for
incorporation or formation of NBFC in India.

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ABOUT US

FINLAW micro-finance and NBFC consultancy firm provide a full range of


legal services like of NBFC registration, NBFC licensing, accounting &
auditing with the help of Secretary, Advocates, and Management Consultant
with a vision to provide world class Taxation, legal compliance &
management consulting services all under one roof.

Our team of competent professionals expertise in providing assistance for


setting up of NBFC and offer various related services to our clients who do
not have to make any extra efforts for the formation of NBFC. To provide
viable and practical advise keeping present situation and futuristic goals of
clients.
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MAPS

OUR OFFICE

MUMBAI DELHI
Satra Plaza, Office No. 1007, Office no. 212, 2nd floor, B
10th Floor, Palm Beach Road, Block
Plot No. 19 & 20, Sector -19D, Naurang House, Kasturba
Vashi, Navi Mumbai 400703, Gandhi Marg,
Maharashtra, India. Near Parikrama Hotel,
TOLLFREE : 1800-30-70-1099 Connaught Place,
PHONE : +91-9820907711 New Delhi 110001, India

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THANKS!
Any questions?
You can find us at
info@Finlaw.in

+91-9820907711
1800-30-70-1099
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