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...
Explore the world of Non-Banking Financial Companies (NBFCs), their differences from banks, RBI regulations, and the 50-50 test. Learn how NBFCs operate in the financial landscape.
Explore the general understanding and requirements of Non-Banking Financial Companies (NBFCs) before engaging in business. Learn about the definition and categories of NBFCs, including the criteria for registration and exemptions. Understand the regulations applicable to different types of NBFCs, along with the responsibilities and compliance requirements for deposit-taking and non-deposit taking NBFCs. Differentiate NBFCs from banks and grasp the importance of various prudential regulations.
Uncover the intricacies of ratification in the context of the Companies Act, 2013. Learn how ratification absolves directors from personal liability arising from a breach of duty. Understand the provisions related to ratification and its interpretation by the court. Explore real cases and judgments shaping the concept of ratification. Stay informed about the nuances of ratification in the corporate landscape.
Discover the RBIs latest directive banning the loading of prepaid payment instruments (PPI) from credit lines, impacting fintech entities, wallet providers, and non-banking financial companies. Uncover the legal framework, practices prior to the directive, and potential implications for PPI issuers. Stay informed about the applicability of the directive to both banks and non-bank PPI issuers, and the ongoing discussions within the fintech industry seeking government intervention.
Reserve Bank of India RBI/2022-23/61 DOR.STR.REC.40/21.04.048/2022-23 June 6, 2022 All Non-Banking Financial Companies (Including Housing Finance Companies) Madam / Dear Sir, Provisioning for Standard assets by Non-Banking Financial Company – Upper Layer Please refer to the circular DOR.CRE.REC.No.60/03.10.001/2021-22 dated October 22, 2021 on “Scale Based Regulation (SBR): A Revised Regulatory Framework for NBFCs” wherein it was inter […]
RBI prescribes that an audit firm can concurrently take up audit of maximum of eight NBFCs during a year, irrespective of the asset size of the auditee NBFC.
On a review, it has been decided that the guidelines on LEI stand extended to Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs).
The Reserve Bank of India tightens the lending and disclosure guidelines for NBFC’s by imposing some restrictions on lending to their upper management, directors, senior executives and the corporates or firms they are interested in. Also RBI issued guidelines regarding disclosure in its financial statements about the core and sensitive areas that are not covered […]
Prudential guidelines on exposure norms aim at addressing credit risk concentration in NBFCs. These instructions set out to identify large exposures, refine the criteria for grouping of connected counterparties and put in place reporting norms for large exposures.
In terms of paragraph 3.2.1 (b) of the circular ibid, NBFC-UL shall maintain Common Equity Tier 1 capital of at least 9 per cent of Risk Weighted Assets
