Non Banking Finance Company Registration

Solubilis provide Non-Banking Financial Company registration in Chennai, Bangalore, Hyderabad, Cochin and anywhere in India. A Non-banking financial company is a company which is engaged in the business of giving loans and advances, acquisition of shares, stocks, bonds, debentures and Government securities, including local authority bonds or other securities which are marketable in nature, leasing, hire-purchase, insurance business, Chit business, etc. NBFCs are engaged in the business of providing financial service similar to that of banks but differ from the banks, which deals with money and do not have full bank license. NBFCs are registered under the Companies Act, 2013. NBFCs can accept deposits from the public under any scheme of arrangement or any other manner and lend the money to their clients in the form of leasing, hire purchase etc. It is mandatory that every NBFC should be registered with RBI to commence and carry on their business of non-banking financial nature. The types of NBFCs are Asset Finance Company (AFC), Investment Company (IC) and Loan Company (LC). Mutual benefit finance company, Infrastructure finance company, Micro finance institution etc.

  • NBFC is a company registered under the companies act 2013(1956).
  • NBFC should get a registration from the Reserve bank of India to carry on the business.
  • Every NBFC should have a net owned fund of Rs.200 lakhs.
  • NBFC cannot accept demand deposits.
  • NBFC’s are allowed to accept, renew public deposit for minimum period of 12 months and maximum period of 60 months.
  • The NBFC cannot offer interest rate higher than ceiling rate prescribed by RBI from time to time.
  • NBFC do not form part of the payment and settlement system and cannot issue cheques drawn on itself.
  • NBFC cannot offer higher interest rates, gifts, incentives and any other additional benefits to the depositors.
  • The deposits with NBFCs are not insured
  • The repayment of deposits by NBFC is not guaranteed by RBI
  • PAN Card
  • Aadhaar card
  • Proofs of directors and partners
  • Incorporation certificate
  • Bank statement
  • Company's financial statement
  • Memorandum of Association
  • Article of Association
  • Address proof
  • Income tax registration copy
  • GST registration copy
  • Brief documentary of business activity
  • Non-operating financial holding
  • Mortgage guarantee
  • Investment Company
  • Infrastructure Finance Company
  • Asset finance and loan finance
  • Chit business

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