NBFCs are required to submit various returns to RBI w.r.t their deposit acceptance, prudential norms compliance, ALM etc. Detailed instructions regarding submission of returns by NBFCs have been issued through various company circulars. A list of such returns to be submitted by NBFCs-D, NBFCs-ND-SI and others is as under
- LIABILITY
a) ACCEPTING DEPOSIT
b) NON ACCEPTING DEPOSIT
c) SIZE
d) SYSTEMATICALLY IMPORTANT COMPANIES
e) (500CR OR MORE)
F) NON SYSTEMATICALLY IMPORTANT COMPANIES
- ACTIVITY
a) Factoring NBFC
b) Micro Finance Institution (NBFC-MFI)
c) Infrastructure Debt Fund
d) Housing Finance Company
e) Micro Finance Company
f) Core Investment Company
g) Infrastructure Finance Company
h) Loan Company
i) Investment Company
j) Assets Finance Company
Submission of Annual Statements and Returns
LIST OF COMPLIANCE ON BASIS OF TYPE OF NBFC
| SUBMITTED BY NON-DEPOSIT TAKING NBFC’S HAVING ASSET SIZE BETWEEN RS. 50 CRORES TO RS. 100 CRORES | ||
| FORM NAME | PURPOSE OF THE FORM | Time limit |
| Quarterly Return | Quarterly Return by Non-Deposit taking NBFC’s with asset size of Rs.50 - 100 Cr. | RBI |
–
| SUBMITTED BY NON-DEPOSIT TAKING NBFCS HAVING ASSETS OF RS. 100 TO RS 500 CRORES | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| NBS8 | Annual Return on Non-Deposit taking NBFC’s With Asset Size from Rs.100 Cr. To 500 Cr | RBI |
–
| SUBMITTED BY NBFC-ND-SI HAVING ASSET SIZE BELOW RS 100CR | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| NBS9 | Annual Return on NBFC-ND-SI with Asset Size Below Rs.100 Cr | RBI |
–
| NON-DEPOSIT TAKING NBFCS SI DEPARTMENT (RBI) | ||
| FORM NAME | PURPOSE OF THE FORM | Time limit |
| Monthly Return | Monthly Return with asset size of Rs.100 CR. & above | RBI |
| NBS_ALM1 | Statement of Short term dynamic liquidity (Within 10 days of the end of every month) | RBI |
| NBS-7 |
Quarterly Statement of Capital Funds, Risk-Weighted Assets and risk assets Ratio etc. Unaudited Monthly return/audited Unaudited Monthly return NBS-7 |
Unaudited Monthly (On or before 30th June)
Audited monthly return (Upon completion) |
| SA & CEO certificate for NBS7 | Certifying NBS7 (Statutory Auditors certificate on Income & Assets) | On or before 30th June |
| NBS_ALM3 | Interest rate sensitivity | statement shall be filed with the Bank |
| ALM Return | Asset liability mismatches and interest rate exposure | RBI |
–
| NBFC MONTHLY COMPLIANCES SUBMITTED BY ALL NON-DEPOSIT TAKING NBFCS SI | ||
| NAME | PURPOSE OF THE FORM | DEPARTMENT |
| Monthly Return | Monthly Return on NBFC-NDSI with asset size of Rs.100 CR. & above | RBI |
| NBS_ALM1 | Statement of Short term dynamic liquidity to be filed within 10 days of the closer month | RBI |
| To be submitted by all deposit-taking NBFC’s having asset size above Rs. 100 crores or public deposits of Rs. 20 crores and above | ||
| NBS6 | Monthly Return stating Exposure to Capital Market | RBI |
–
| NBFC ND SI QUARTERLY COMPLIANCES | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| To be submitted by all deposit-taking NBFC’s except residuary NBFC | ||
| NBS 1 | Quarterly Return on Material Financial Parameters of Deposit Taking NBFCs | RBI |
| NBS 2 | Quarterly Statement of Capital Funds, Risk Assets/Exposures and risk assets Ratio. | RBI |
| NBS 2: CA & CEO Cert. | Certifying NBS 2 | RBI |
| NBS 3 | Quarterly Return on Statutory Liquid Assets | RBI |
| To be submitted by all residuary non-banking companies | ||
| NBS 3A | Quarterly Return on Statutory Liquid Assets | RBI |
| Quarterly Return I | Return of investments | RBI |
| SUBMITTED BY ALL NON-DEPOSIT TAKING NBFCS | ||
| NBS -7 | Quarterly Statement of Capital Funds, Risk-Weighted Assets and risk assets Ratio etc. | RBI |
| NBS-7: SA & CEO Cert. | Certifying NBS -7 | RBI |
| Submitted by NBFCS having an asset size between 50 to 100 cr. | ||
| Quarterly Return | Quarterly Return by NBFC-ND with asset size of Rs.50 100 Cr. | RBI |
| Submitted by all securitization and reconstruction company | ||
| SCRC | Quarterly statement of assets acquired/ securitized/ reconstructed | RBI |
–
| NBFC ND SI HALF YEARLY COMPLIANCES | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| To be submitted by all deposit-taking NBFC’s having asset size Rs. 100 crores or more or public deposits of Rs. 20 crores and above | ||
| NBS_ALM2 | Details of any mismatches in Assets, liabilities and interest rate exposure (Within 20 days of the closure of half year) | The regional office of the Department in whose jurisdiction NBFC is registered |
| Submitted by all non-deposit taking NBFCS | ||
| NBS_ALM3 | Interest rate sensitivity | Statement shall be filed with the Bank |
–
| NBFC YEARLY COMPLIANCES | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| Submitted by all non-deposit taking NBFCS | ||
| ALM Return | Asset liability mismatches and interest rate exposure | RBI |
| Submitted by all residuary nonbanking companies | ||
| Form NBS 1A | Annual Return on Deposits (Filed annually after March 31 and latest by September 30) | Regional Office of Department of Non-Banking Supervision, RBI where registered office of the company is situated |
| Submitted by NBFCS having the asset of Rs 100 to Rs 500 Cr | ||
| NBS8 | Annual Return on Non-Deposit taking NBFC With Asset Size from Rs.100 Cr. To 500 Cr | RBI |
| Submitted by NBFCS having asset size below Rs 100 Cr | ||
| NBS9 | Annual Return on NBFCNDSI With Asset Size Below Rs.100 Cr | RBI |
| Submitted by all nonbanking financial companies accepting/holding public deposits, and MNBCS except residuary nonbanking companies | ||
| NBS4 | Repayment of Deposits only in respect of rejected/canceled companies | Department of Non-Banking Supervision, RBI |
| CA certificate form NBS – 4 | Certifying NBS4 | RBI |
–
| NBFC UNDER COMPANIES ACT, 2013 | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| E-Form MGT-7 | Annual Return (Within 60 days of conclusion AGM) | ROC |
| E-Form AOC-4 | Filing of annual financials i.e. Balance Sheet & Profit & Loss statement (Within 30 days of conclusion of AGM) | ROC |
| E-Form DIR-12 | If there is any change in Directors (Within 30 days of the date of that change) | ROC |
Compliances for listed NBFC-ND with NSE
| S No. | Particulars | Time limi |
| 1 | Filing of Listing Agreement of Issued Series | Within 30 days of Issuance |
| 2 | Publishing of Unaudited Half-yearly Result in two newspaper | Within 30 days from the end of Half-year |
| 3 | File Half-yearly Audited Result with NSE via mail | Within 30 days from the end of Half-year |
| 4 | File Quarterly result (Balance Sheet and P&L) via mail | Within 90 days from the end of Quarter |
| 5 | Filing Umbrella Information Memorandum/Shelf Offer Document+ below letters:
1. Letter from CRISIL for filing UIM 2. Letter from AXIS Bank (Debenture Trustee) for filing UIM 3. Certified true copy of the resolution authorizing the filing of UIM 4. Certified true copy of the blanket resolution covering Debt issuances for filing UIM 5. Certify compliance as per Chapter VI of SEBI (DIP) Guidelines 2000 & Sch-II of Companies Act,1956 6. Obtain In-principle approval letter from NSE post-filing |
At the end of Financial Year |
–
| COMPLIANCE BY DEPOSIT TAKING NBFC’s WITH ASSET SIZE OF MORE THAN RS. 100 CRORES OR HAVING PUBLIC DEPOSITS OF RS. 20 CRORES OR MORE | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| NBS6 | Monthly Return on Exposure Towards Capital Market | RBI |
| NBS_ALM2 | Asset liability mismatches and interest rate exposure (Within 20 days of the closure of half year) | Regional office of the Department in whose jurisdiction NBFC is registered |
| COMPLIANCE BY DEPOSIT TAKING NBFC’s EXCEPT RESIDUARY NBFC’s: | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| NBS 1 | Quarterly Return on Important Financial Parameters of Deposit Taking NBFCs | RBI |
| NBS 2 | Quarterly Statement of Capital Funds, Risk Assets/Exposures and risk assets Ratio. | RBI |
| CA & CEO certificate for NBS2 | Certifying NBS2 | RBI |
| NBS 3 | Quarterly Return stating Statutory Liquid Assets | RBI |
| NBS4 | Repayment of Deposits | Department of NonBanking Supervision, RBI |
| (To be filed only in respect of rejected/cancelled companies) | ||
| CA certificate form NBS 4 | Certifying NBS4 | RBI |
–
| SUBMITTED BY ALL RESIDUARY NBFC | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| NBS 3A | Quarterly Return on Statutory Liquid Assets | RBI |
| Quarterly Return I | Return of investments | RBI |
| Form NBS 1A | Annual Return on Deposits (Filed annually after closure of financial year and latest by September 30) | Regional Office of Department of Non- Banking Supervision, RBI where registered office of the company is situated |
| Form Schedule “A” | General Information of the Company (filed annually as early as possible latest by the 30th September) | Regional Office of the Department of Supervision, Financial Companies Wing |
–
| SUBMITTED BY ALL SECURITISATION AND RECONSTRUCTION COMPANY | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| SCRC | Quarterly statement of assets acquired/ securitized/ reconstructed | RBI |
–
| SUBMITTED BY ALL NBFCS WHETHER HOLDING PUBLIC DEPOSITS OR NOT | ||
| FORM NAME | PURPOSE OF THE FORM | DEPARTMENT |
| Special Return | General information and Net Owned Funds | RBI |
| Branch Info | Branch Details | RBI |
***
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Author Bio
The article needs to be updated keeping in view the Master Direction on company returns issued in September 2016 and updated thereafter.
https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10620
what is the form dmds required for nbfc companies
which rules did you referred to while composing the article?