Non Banking Finance Company Registration in Chennai

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

Proposed director & Shareholder - Indian Citizen:

  • PAN Card
  • Aadhar Card.
  • Proof for Address – Bank Statement or Telephone Bill or EB or Mobile Bill or Mobile bill(Latest of Two months)
  • Passport Size Photo.

    Proposed director & Shareholder - Foreign National:

  • A Copy of Passport ( Notary and Apostille is required )
  • A copy of address proof ( Notary and Apostille is required )
  • A copy of nationality proof ( Notary and Apostille is required )
  • One passport size photo

Register Office documents:

  • If the Office is rental, rental agreement is Mandatory
  • Electricity bill (Not more than two months old required to be submitted)
  • A Occupant needs to provide a No Objection Certificate from landlord to operate the business (NOC) if not rented.
  • Non-operating financial holding
  • Mortgage guarantee
  • Investment Company
  • Infrastructure Finance Company
  • Asset finance and loan finance
  • Chit business


A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement in one lump sum or in instalments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company).

Financial activity as principal business, when a company’s financial assets constitute more than 50 percent of the total assets and income from financial assets constitute more than 50 percent of the gross income. A company which fulfils both these criteria will be registered as NBFC by RBI.

NBFCs whose asset size is of ₹ 500 crore or more as per last audited balance sheet are considered as systemically important NBFCs. The rationale for such classification is that the activities of such NBFCs will have a bearing on the financial stability of the overall economy.

NBFCs lend and make investments and hence their activities are akin to that of banks; however there are a few differences as given below:
NBFC cannot accept demand deposits;
NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on it;
Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs, unlike in case of banks.

No. Some financial businesses have specific regulators established by law to regulate and supervise them, such as, IRDA for insurance companies, Securities Exchange Board of India (SEBI) for Merchant Banking Companies, Venture Capital Companies, Stock Broking companies and mutual funds, National Housing Bank (NHB) for housing finance companies, etc;

The Reserve Bank of India regulates and supervises Non-Banking Financial Companies which are into the business of (I) lending (ii) acquisition of shares, stocks, bonds, etc., or (iii) financial leasing or hire purchase.

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