NBFC Compliance & NBFC Registration

NBFC compliance Meaning

A Non-Banking Financial Company (NBFC) is a company incorporated under the Companies Act 1956 of the Companies Act 2013. NBFCs are businesses that specialise in lending and other financial services. They are defined under Section 45-IA of the RBI Act of 1934. To undertake financial transactions, such companies must obtain a Certificate of Registration (COR) from the RBI. This method is also known as NBFC registration or the application for an RBI NBFC licence. To launch such a firm, another alternative is to go through the NBFC Takeover method.

This is a tough process that involves multiple steps and demands the utmost expertise and hard work. At MUDS, we have 150+ expertise in RBI registrations and NBFC acquisition operations, nbfc compliance, including CAs, CSs, CMAs, and Lawyers.

NBFC Registration Process

1. To get your NBFC up and running, complete the procedures listed below:
2. Employ a seasoned NBFC registration consultant with at least ten years of expertise, as well as a team of seasoned experts that includes CAs, CSs, attorneys, and senior bankers.
3. The suggested corporate name must include the words Finance, FinServ, Final, Investment, Capital, Fintech, and Leasing.
4. Make a limited liability company or a public corporation.
5. Make a list of your registered office's address, city, and operations area.
6. Obtain a Certificate of Incorporation from the Registrar of Companies.
7. Into the company's bank account, deposit net owned funds. Documents necessary for the issuance of an NBFC licence.
8. Creating a business plan for the next five years that includes: