Fema / RBI : Concerns rise over improper practices in microfinance involving misuse of Rule 12 Declarations and MGT-14 forms by private and Sec...
Fema / RBI : Issuance of NCDs by Non-Banking Financial Companies (‘NBFCs’) is governed by RBI Master Directions and specific provisions ...
CA, CS, CMA : Comprehensive list of 308 legal compliances in India under FEMA, NBFC, and income tax laws. Includes monthly, quarterly, and annua...
Fema / RBI : RBI mandates prior approval for changes in control, shareholding, and management of NBFCs. Non-compliance could result in severe p...
Finance : Learn about microfinance company registration, NBFC vs. Section 8 models, and key compliance requirements under RBI regulations fo...
CA, CS, CMA : RBI prescribes that an audit firm can concurrently take up audit of maximum of eight NBFCs during a year, irrespective of the asse...
Fema / RBI : Delhi High Court sets aside RBI's cancellation of NBFC registration for failure to meet Rs. 200 Lakh NOF, directs fresh review of ...
Corporate Law : Supreme Court held that Banks/ Non-Banking Financial Companies (NBFCs) are obliged to adopt restructuring process of MSME as conte...
Fema / RBI : RBI directs NBFCs to adhere to a Rs 20,000 cash loan disbursement limit, aiming to regulate cash transactions and enforce complian...
Income Tax : Whether interest retained by NBFCs on assets purchased by SBI falls under categories of interest, fees for professional/technical ...
Income Tax : In ITO Vs Saivi Finance Pvt Ltd, ITAT Delhi restores the matter back to AO due to denial of natural justice, assessees not given c...
Fema / RBI : RBI restores risk weights on SCB exposures to NBFCs, reversing the 25% increase from November 2023. New rules take effect from Apr...
Fema / RBI : Explore the latest RBI circular on Credit/Investment Concentration Norms impacting Non-Banking Financial Companies. Learn about co...
Fema / RBI : Explore the draft circular by RBI on harmonising regulations for Housing Finance Companies (HFCs) with Non-Banking Finance Compani...
Fema / RBI : Explore RBI Draft Circular on Credit/Investment Concentration Norms for Government-owned NBFCs. Provide feedback by Feb 29, 2024. ...
Corporate Law : Explore the latest IRDA circular allowing insurers to invest in Infrastructure Debt Funds-NBFCs, streamlining the process for enha...
Requirement for obtaining prior approval of RBI in cases of acquisition/ transfer of control of Non-Banking Financial Companies (NBFCs) As per the RBI Notification DNBS (PD) CC.No.376/03.10.001/2013-14 and Notification No. DNBS(PD) 275/GM(AM)-2014 dated May 26, 2014 Prior approval of RBI is to be taken when there is change in management/ control of NBFC. After granting […]
What is NBFC? NBFCs full form is Non-Banking Financial Company and it refers to a company that has been registered under the Companies Act, 1956. These non-banking financial companies engaged in the business of loans and advances, acquisition of shares, stocks, bonds, debentures and securities. “Nonbank financial companies (NBFCs), also known as nonbank financial institutions […]
Master Direction – Non-Banking Financial Company –Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 amended up to 17.02.2020. Till now NBFC’s with an assets size up to 100 crore and NBFC with an assets size between 100 crore to 500 crore to file annual return in NBS 8 and in NBS 9 respectively, which […]
NBFCs are registered under the companies act, 2013/1956 and are engaged in the business of loans and advances, acquisition of shares/stock/bonds, debentures and securities issued by government. NBFCs are the financial institutions which function according to set of rules and regulations prescribed by the Reserve Bank of India (RBI). Further, these rules and regulation keep […]
1. Introduction: NBFCs have been outsourcing various activities and are hence exposed to various risks as such as strategic risk, country risk, compliance risk, operational risk, legal risk etc. The outsourced activities are to be brought within regulatory purview to protect the interest of the customers of NBFCs and to ensure that the NBFC concerned […]
The Non-Banking Financial sectors in India have gone through major growths over the last few decades. Their contribution and their ways of evolving out from a small banking sector to innovative strata has been the best thing for the economy of India. They have provided financial inclusions and lower business loan interest rate in the […]
The Non-Banking Financial Companies (NBFCs) are required to submit various returns to RBI w.r.t their deposit acceptance, prudential norms compliance, ALM etc. in accordance with Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016.
The NBFC sector is recognized as a methodically important component of the financial system. The growth of NBFC is entirely constant year-on-year. NBFCs are regulated by the RBI. Reserve Bank of India has the power to keep a check on different categories of NBFCs registered in India. In this topic, we will discuss the necessary […]
CoVID-19, better known as the novel coronavirus, hit the India. From the day 1 of lock down the Indian economy facing dilemma in various fields. The virus doesn’t leave the capital markets and Banking Industry. On 27th March, RBI reduced the repo rate by 75 bps and announced of three months on all term loan and credit card instalments due between 1st March and 31st May 2020.
A Non-Banking Financial Companies (NBFCs) are financial institutions incorporated under the companies act 2013, meant for ensuring services ranging from loans to advances, acquisition of shares/stocks/bonds/debentures/securities, which are issued by Government or local authority or other marketable securities of similar nature involved in leasing, hire-purchase and insurance business. The main objective of this type of company is […]
