RBI NBFC REGISTRATION

Get your NBFC registered under the RBI with simple and effective expert assistance. We minimize not only the regulatory standards' compliance but also provide end-to-end support for smooth and hassle-free registration according to your business model.

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Service Overview

We have a special focus on Non-Banking Financial Companies Registration Services with respect to RBI to help the businesses turn into legal Non-Banking Financial Companies. We take care of the entire business procedure from forming an application to documentation till compliance to provide a faultless approach in keeping your business in complete adherence to RBIs compliance requirements.

‍Challenges of Filing for a Private Limited Company

Complex Procedures

The formation of the private limited company is quite complex as it requires many legal formalities.

Time-Consuming

Sometimes, its exhausting to gather all the necessary papers and fill out all necessary documents.

Share Limit

In a Private Limited Company there is a limit of 200 shareholders, with a restricted limit on share transfers.

Business Commencement

Within 180 days of registering a Private Limited Company, the certificate of commencement of business must be obtained.

‍Challenges of Filing NBFC Registration

Understanding Complex RBI Regulatory Framework

Navigating the RBI guidelines can be challenging without expert assistance. Our team simplifies complex regulations, helping you understand the mandatory processes and legal obligations that govern NBFC registration.

Time-Consuming Documentation and Approvals

NBFC registration involves extensive documentation and prolonged approval timelines. Missing any detail can lead to delays or rejections. We ensure accurate, well-prepared documentation for faster processing.

Compliance With Changing Regulations

RBI frequently updates NBFC-related policies, making compliance tricky. Our experts follow all the changes in the regulations so that there are no errors in the application according to the latest requirements.

Maintaining the Capital and Other Prerequisites

The pressure of keeping the minimum Net Owned Fund (NOF) and complying with the rigorous conditions of RBI can really be a draining experience.

Advantages of NBFC Registration

Legitimate Business Operations

RBI registration allows your NBFC to operate legally, building trust among stakeholders and ensuring business continuity without regulatory hurdles.

Enhanced Business Credibility

Registered NBFCs are recognized as trusted financial entities, attracting investors, partners, and customers while ensuring long-term business growth.

Smooth Approval Process

With our expertise, we handle all formalities efficiently, ensuring timely approvals and minimizing roadblocks during the registration process.

Risk-Free Compliance Management

We ensure your NBFC stays compliant with RBI regulations, reducing risks of penalties, delays, or future operational disruptions.

Service Process

01

Application through Online

The application can only be submitted online.

02

Pre-Screening of Application

Before submission, we conduct an internal audit of your documents and application to minimize chances of rejection.

03

Application Reference Number (ARN)

After completing the application, the Reserve Bank of India will provide a reference number against the application to trace its progress.

04

Documents

Copies of the application will then be submitted along with documents at the relevant Regional Office of the RBI for processing.

05

Application review

RBI would review the application, verifying it against Parameters like the Company's Profile, Directors/Promoters Profile, and Holders Shareholders.

06

Post-registration Compliance

It entails continued assistance to maintain an NBFC into post-registration compliance and reporting requirements.

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Service Process

Consultation

We will have a consultation regarding your business vision and requirements to decide on whether the private limited company fits you well.

Documentation

We will help you to do the paperwork involving preparation of the Memorandum of Association and Articles of Association.

Registration

We will then forward all the necessary documents to the Registrar of Companies as required for registration.

Support

We will always be here with you to offer assistance and advice so that you can efficiently run your private limited company.

Compliance:

We will assist you in maintaining a continuing compliance with all legal and regulatory standards.

Service Process

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Service Breakdown

Eligibility

Minimum Net Owned Fund (NOF): An applicant shall possess a net owned fund of at least 2 crores in order to apply for registration as an NBFC under the rules and regulations of the RBI.

Incorporated Entity: For the purpose of applying for registration as NBFC in India, the applicant should be an incorporated entity as defined under the Companies Act, 2013.

Clarity of Operational Plan: To supplement this, a business plan should be drawn up on how the funds will be operated, the objectives being dedicated, and the sources of revenues for registration eligibility.

Clean Financial History: A clean record concerning credit and financial history has to be assured in the case of shareholders and directors to ensure integrity by the RBI approval.

Documents

Incorporation Certificate: Establishing the legal existence of the company in India.

Minimum Net Owned Funds Proof: A bank statement reflecting ₹2 crore minimum capital, as per RBI norms.

Directors' KYC Documents: Personal identification and address proofs for all directors.

Detailed Business Plan: Outlining the financial products and services the NBFC intends to offer.

Filing of Application with RBI: Submission of Form A along with supporting financial and governance documents.

Who Needs

Financial Service Providers: Businesses offering loans, advances, or financial advice must secure NBFC registration to operate legally in India.

Microfinance Institutions: Entities providing small loans to underserved communities require NBFC registration for regulatory compliance and credibility.

Leasing and Hire-Purchase Companies: Companies engaged in leasing assets or hire-purchase models must obtain NBFC registration to gain legal authorization.

Investment Companies: Most include the management of financial portfolios and investments or funds, which require an NBFC registration for smooth operations as well as regulatory compliance.

Creating Trust-Driven Relationships

JR Compliance is one of the known name for BIS certification, they are well versed with processes
and guide client properly.

Kartik Shah

Published on 4 March 2024

We have outsourced the entire BIS certification responsibility of our panels to JR compliance since 2017 and their service so far has been
exemplary.

K Narayanan

Published on 4 March 2024

We have been using JR Compliance services since last 3 years on various BIS related registration & testing of our various IT & electronic products. We really appreciate your full-fledged & excellent support in all respect in this matter.

P N Dhawanjewar

Published on 4 March 2024

FAQ

Services

What is the minimum capital requirement for registration with NBFC?

The minimum Net Owned Fund (NOF) to be held for registering an NBFC is ₹2 crores, as per the guidelines from RBI.

How long does it take to run through the registration process with the RBI?

It takes normally a time span of 90 to 120 days depending on the documentation verification, compliance and the approval timeline of RBI.

Are financial companies required to register with the NBFC?

Yes, if any financial institution is engaged in the activity of lending, investment or the activities of non-banking financial institutions, it has to register itself under the guidelines of RBI.

What documents are required for NBFC registration?

Key documents include KYC details, a structured business plan, financial statements, and board resolutions supporting NBFC registration.

Why should I choose JR Compliance for NBFC registration?

We ensure end-to-end assistance with documentation, compliance, and timely approvals, backed by expert guidance and updated knowledge of RBI regulations.