Reserve Bank of India

RBI/2020-21/11
DoR (NBFC) (PD) CC. No. 114/03.10.001/2020-21

July 06, 2020

All Non-Banking Finance Companies (NBFCs)

Madam/ Dear Sir,

Extension of timeline for finalization of audited accounts

Please refer to para 18(2) of the Master Direction on Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016, as per which every applicable NBFC shall finalise its balance sheet within a period of 3 months from the date to which it pertains.

2. In view of the on-going situation and taking in to account the feedback received from various stakeholders, it has been decided that every applicable NBFC shall finalise its balance sheet within a period of 3 months from the date to which it pertains or any date as notified by SEBI for submission of financial results by listed entities.

Yours faithfully,

(Manoranjan Mishra)
Chief General Manager

More Under Fema / RBI

4 Comments

  1. Vibhu says:

    Can you clarify if this extension is only for listed ones or for unlisted NBFCs also? Most of the RBI officials are saying this is for listed entities only. If anyone has any clarity on this please out some more light. Interpretations can be different but what’s the actual picture?

  2. Runveer Krishanan says:

    Slightly confused on this. So by virtue of this circular this is extended till December 31, 2020 (three month from September) ?

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