NBFC Registration
Reserve Bank of India (RBI) Authorization for LendingWhat is an NBFC and Why is Registration Necessary?
An **NBFC (Non-Banking Financial Company)** is a company registered under the Companies Act, 2013, engaged in the business of loans, advances, acquisition of shares/stocks, or leasing.
Unlike banks, NBFCs cannot accept demand deposits. To operate legally, an NBFC must be registered with and regulated by the **Reserve Bank of India (RBI)**, ensuring financial stability and compliance.
Key RBI Requirements
- **Company Structure:** Mandatory Private/Public Limited Company
- **Minimum NOF:** Net Owned Funds must be **₹10 Crore** (for most NBFC types)
- **Registration Body:** Reserve Bank of India (RBI)
- **Primary Business:** Financial Activity (50% Asset / 50% Income Test)
Types of NBFCs We Assist With
Investment Company (NBFC-ICC)
For financial institutions primarily dealing in the acquisition of shares and securities.
Loan Company (NBFC-Lending)
For institutions providing finance by way of loans or advances (the most common type).
Microfinance Institution (NBFC-MFI)
For companies providing financial assistance to low-income clients/micro-entrepreneurs.
The NBFC Registration Journey (RBI)
MCA Incorporation
Establish a **Private/Public Limited Company** and ensure the **₹10 Crore Net Owned Fund (NOF)** is met.
C-KYC & Board Resolution
Compliance with C-KYC and documentation like Board Resolution, KYC of directors, and certified true copies.
Filing with RBI (COSMOS)
Online application for Certificate of Registration (CoR) on the RBI's dedicated COSMOS portal.
Due Diligence & Approval
RBI scrutinizes the application, management history, and NOF. Approval is granted upon satisfaction.
NBFC Registration Advisory Package
NBFC registration is complex. Our team provides specialized advisory for smooth, timely RBI approval:
RBI CoR Filing Plan
- ✔ Comprehensive Document Checklist & Vetting
- ✔ Net Owned Fund (NOF) Certification
- ✔ Drafting Board Resolutions & KYC
- ✔ Online Filing via RBI's COSMOS Portal
- ✔ Representation/Reply to RBI Queries
- ✔ **Excludes ₹10 Crore Paid-up Capital**