NBFC

NBFC – A simple process

Fema / RBI - NBFC – An Easy Simple Process As per the provisions of section 251(c) of the RBI Act, ‘any organization dealing with the business of any financial institution would be considered as an NBFC’. An NBFC is governed by the RBI (Reserve Bank of India) as well as the MCA (Ministry of Corporate Affairs). Basic procedure […]...

Finance Business In India-Without RBI Approval

Fema / RBI - In terms of Section 45-IA of the RBI Act, 1934, no Non-banking Financial company can commence or carry-on business of a non-banking financial institution without a) obtaining a certificate of registration from the RBI....

NBFC Takeover Procedure under RBI Act, 1934 & Company Law

Fema / RBI - REQUIREMENTS AS PER RBI ACT, 1934 1. Requirement of prior approval of Reserve Bank Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs). 2. Application for prior approval NBFCs shall submit an application, in the company letter head, for obtaining prior app...

Importance of NBFC Collaboration with the Financial Entities

Fema / RBI - With strong RBI regulations in place since the IL&FS crisis, the big NBFCs have been facing a credit crunch since 2019. However, mid-size and small size NBFCs have been doing well and ready to raise a significant amount of FDI for retail lending. India has about 9000+ active NBFCs but hardly 954 of them have […]...

Overview & regulatory aspects of NBFC

Fema / RBI - Overview and regulatory aspects of Non-Banking Financial Companies (NBFC) NBFC- Meaning & definition: Financial sector in addition to banking system is huge sector. Like all over the word, NBFC plays significantly important role to complement the banking system in India. Non-banking financial company (NBFC) means a company registered ...

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RBI issues Guidelines for Appointment of Statutory Auditors

Press Release: 2021-2022/115 / Notification No. RBI/2021-22/25 Ref. No. DoS. CO. ARG/SEC.01/08.91 .001/2021-22 - (27/04/2021) - Issue of Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs Reserve Bank of Indiaand NBFCs (including Housing Finance Companies)...

Extension of relaxation on guidelines to NBFCs on securitisation transactions

Notification No. RBI/2019-20/131 DOR. NBFC(PD) CC.No.107/03.10.001/2019-20 - (31/12/2019) - Relaxation on the guidelines to NBFCs on securitisation transactions and the circular DNBR (PD)CC.No.100/03.10.001/2018-19 dated May 29, 2019 extending the dispensation till June 30, 2020....

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Recent Posts in "NBFC" | Total 38 Posts

NBFC – A simple process

NBFC – An Easy Simple Process As per the provisions of section 251(c) of the RBI Act, ‘any organization dealing with the business of any financial institution would be considered as an NBFC’. An NBFC is governed by the RBI (Reserve Bank of India) as well as the MCA (Ministry of Corporate Affairs). Basic procedure […]...

Posted Under: Fema / RBI | Articles

RBI issues Guidelines for Appointment of Statutory Auditors

Press Release: 2021-2022/115 / Notification No. RBI/2021-22/25 Ref. No. DoS. CO. ARG/SEC.01/08.91 .001/2021-22 - 27/04/2021

Issue of Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs Reserve Bank of Indiaand NBFCs (including Housing Finance Companies)...

Posted Under: Fema / RBI | Circulars, Notifications/Circulars, Press Releases

Finance Business In India-Without RBI Approval

In terms of Section 45-IA of the RBI Act, 1934, no Non-banking Financial company can commence or carry-on business of a non-banking financial institution without a) obtaining a certificate of registration from the RBI....

Posted Under: Fema / RBI | Articles

NBFC Takeover Procedure under RBI Act, 1934 & Company Law

REQUIREMENTS AS PER RBI ACT, 1934 1. Requirement of prior approval of Reserve Bank Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs). 2. Application for prior approval NBFCs shall submit an application, in the company letter head, for obtaining prior app...

Posted Under: Fema / RBI | Articles

Importance of NBFC Collaboration with the Financial Entities

With strong RBI regulations in place since the IL&FS crisis, the big NBFCs have been facing a credit crunch since 2019. However, mid-size and small size NBFCs have been doing well and ready to raise a significant amount of FDI for retail lending. India has about 9000+ active NBFCs but hardly 954 of them have […]...

Posted Under: Fema / RBI | Articles

Overview & regulatory aspects of NBFC

Overview and regulatory aspects of Non-Banking Financial Companies (NBFC) NBFC- Meaning & definition: Financial sector in addition to banking system is huge sector. Like all over the word, NBFC plays significantly important role to complement the banking system in India. Non-banking financial company (NBFC) means a company registered ...

Posted Under: Fema / RBI | Articles

Prior Approval of RBI for Management Change of NBFCs

Non Banking Finance Company plays a vital role in the Indian economy as it provides loan to > Start-ups as business loan > Salaried employees as Personal loan to fulfil their essential requirements > Farmers as Agriculture Loan > People in need of Assets as Assets Finance Loan and etc. To set up a Non […]...

Posted Under: Fema / RBI | Articles

NBFC Registration Process & Cost for Different Types of Entities

NBFC Registration Process and Cost for Different Types of Entities As per Section 45-IA of the RBI Act, 1934, no Non-banking Financial Company can commence or carry on the business of a non-banking financial institution without a) obtaining a certificate of registration from the Bank and without having a Net Owned Funds of Rs. 25 [&hellip...

Posted Under: Fema / RBI | Articles

Reasons for Cancellation of NBFC Certificate of registration

The Reserve Bank of India (RBI) can exercised the power under The Reserve Bank of India Act, 1934 to issue or cancel the certificate of Non-Banking Finance Company (NBFC) in India. The Reserve Bank of India plays the key role of the Regulatory body and an authority to supervise and regulate NBFCs in India. RBI grants […]...

Posted Under: Fema / RBI | Articles

Why NBFC Registration is Essential in Indian Financial Market?

People who have not had a long career in the financial market tend to wonder why is it necessary to get an NBFC registration before starting a private lending institution. The story goes back to the post-colonial era when the only lenders who were well regulated were scheduled banks. The private lenders were not accountable […]...

Posted Under: Fema / RBI | Articles