How to get NBFC License?

Know the complete NBFC Registration Process to get your NBFC registered in India with MUDS. NBFCs are India’s leading business, one can invest a huge amount and get book their profit in less than 5 years. 

What is NBFC Registration in India?

A Non-Banking Financial Company (NBFC) is a financial firm that does not hold a banking license but is permitted to provide financial goods and services to consumers. NBFCs are largely involved in the lending and advance sector, as well as the acquisition of shares, financing leasing, hire-purchase, chit fund, and so on. It is crucial to note that an NBFC differs from a bank in several respects, including the fact that an NBFC cannot take savings or current account deposits, cannot issue cheques drawn on itself, and does not provide deposit insurance or credit guarantee coverage to its depositors.

We are providing you with a service by which you can get your nbfc registration online at your doorstep. All you have to do is book a consultation with our expert panel. They will guide you throughout the nbfc registration process to get your work done quickly and efficiently. 

How to Register as NBFC?

Step 1: Register the company under the Companies Act 2013, or the Companies Act 1956, whichever is applicable.

Step 2: The company's net owned funds must be at least Rs. 2 crores.

Step 3: The firm should have at least one director from the same background.

Step 4: A good CIBIL score is essential in order to register as an NBFC.

Step 5: After that, go to the RBI's official website and fill out the application form.

Step 6: Submit all essential papers together with the application form.

Step 7: After submitting the application form, a CARN number will be produced.

Step 8: Send a physical copy of the application to the RBI's regional branch.

Step 9: After the application has been reviewed and validated, the company will be issued a licence.

To know more about NBFC registration fees for nbfc company registration in India, you can visit our website. We have the best offer for you which is comparatively the most economical and affordable.