Fema / RBI : RBI has standardized the 90-day NPA classification rule across all NBFC categories, including NBFC-BL entities, effective 31 March...
Fema / RBI : The article explains that a company qualifies as an NBFC only when more than 50% of both its assets and income arise from financia...
Fema / RBI : RBI has created a new category called Unregistered Type 1 NBFC for companies operating only with internal or group funds and witho...
Fema / RBI : RBI plans to ease registration norms for low-risk NBFCs to reduce compliance burden. The move aims to encourage innovation while m...
Fema / RBI : The draft directions require compulsory registration once assets cross ₹1,000 crore. Regulatory intensity now rises with systemi...
Fema / RBI : RBI drafts amendments to NBFC Scale Based Regulation, introducing 'High-quality infrastructure projects' and tiered risk weights o...
Fema / RBI : The RBI's draft directions for NBFCs, effective April 1, 2026, revise guidelines on lending to 'related parties' to manage conflic...
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 : The Court held that rejection of NBFC registration surrender solely due to meeting PBC was unsustainable without giving an opportu...
Income Tax : An NBFC's claim for on an irrecoverable loan was allowed by the ITAT, which overturned the disallowance. The court ruled that non-...
Income Tax : ITAT Mumbai held the disallowance on basis that the ESOP expenses is contingent in nature cannot be sustained. However, amount cla...
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 : NBFCs can retain or upgrade borrower accounts to standard upon resolution plan implementation. The amendment balances borrower rel...
Fema / RBI : The RBI proposes replacing the existing dual methodology with a single asset-based criterion for identifying NBFC-UL entities. The...
Fema / RBI : RBI’s Amendment Directions enable NUCFDC to raise capital beyond statutory private placement limits. The decision ensures broade...
Fema / RBI : The RBI amended NBFC Credit Facilities Directions to align asset classification and provisioning with updated prudential norms. Th...
Fema / RBI : The RBI has amended IRACP norms to permit NBFCs to factor in Default Loss Guarantee arrangements while computing Expected Credit L...
Registrations with different Entities by Non-Deposit Taking NBFC NBFC is required to register with various entities as per relevant Master Direction, Circular and notification issued by RBI from time to time. Brief up for the same is as below. This article is limited to the extent registrations required by Non-Deposit Taking NBFC. (NBFC-ND-NSI) 1. CIC […]
The Credit Information Companies (Regulation) Act, 2005 (CIC Act), a legislation enacted by the Government of India to manage the actions of credit information companies in India (CIC’s) and to facilitate efficient distribution of credit also as for matters connected to an equivalent . Pursuant to the CIC Act, the Federal Reserve Bank of India […]
(A) Annual Compliances Checklist to be done by an NBFC (Non-taking Public Deposit) Asset Size – Below Rs. 100 Crores Return Name Return Overview Frequency Who will Submit Timeline for submission of Return DNBS 02 Important Financial Parameters Annual NBFC 60 Days DNBS 10 Statutory Auditor Certificate Annual Statutory Auditor One month from the date […]
Non Baking Finance Company plays a important role in the Indian economy as it provides Loan to Startup, Entrepreneur to run their business. Mainly NBFC Entity registered in following three type of entity:- Asset Finance Company (AFC) : An AFC is a company which is a financial institution carrying on as its principal business the […]
Declaration of dividends by NBFCs In order to infuse greater transparency and uniformity in practice, it has been decided to prescribe guidelines on distribution of dividend by NBFCs. Applicability – All NBFC’s regulated by RBI Effective Date – Effective for declaration of dividend from the profit of F.Y. 2021 – 22 and onwards. Consideration before […]
Applicability of Filing Financial Statements in XBRL mode with Registrar of Companies: Below mentioned class of companies are required to file their financial statements and other documents under section 137 of the Companies Act, 2013 with the Registrar in e-form AOC-4 XBRL: -All companies listed in the stock exchange in India and their Indian subsidiaries. -All companies with a turnover of Rs. […]
Brief Overview of XBRL Returns Applicability to the Non Deposit taking – Non Systematically Important Category of Non Banking Financial Companies (NBFCs) & other Important Provisions thereof XBRL stands for eXtensible Business Reporting Language. It is a language for the electronic communication of business and financial data which is revolutionising the business reporting around the […]
NABARD has defined microfinance as “provision of thrift, credit and other financial services and products of very small amounts to the poor in rural, semi-urban and urban areas provided to customers to meet their financial needs; with only qualification that (1) transactions value is small and (2) customers are poor.” A micro finance institution is […]
NBFC Compliance Calendar (For Non-Deposit Accepting Non-Systematically Important NBFC) UPLOADING PORTAL ASSET SIZE RETURN NAME FREQUENCY TIME LIMIT COSMOS Portal Below 100 Crores NBS-9 REV (Annual return on details of Assets and Liabilities) Yearly Within 60 days from the end of the financial year. 100 – 500 Crores and above NBS-8 REV (Annual return on […]
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 […]
