What are the documents required for NBFC registration?
Documents required for NBFC Registration: From Directors
- Personal ID and Address proof;
- Highest qualification certificate;
- Net worth certificate;
- Details of directorship, if any, in other companies;
- CIBIL report;
- Certificate of experience.
Is certificate of registration mandatory for Nbfcs?
Section 45-IA mandates that no NBFC shall begin or carry on the business of a Non-Banking Financial Institution without obtaining a Certificate of Registration (COR) from the RBI.
How can I register for NBFC?
Procedure to Incorporate an NBFC A company should first be registered under the Companies Act 2013 or should already be registered under the Companies Act 1956 as either a Private Limited or a Public Limited Company. The minimum net owned funds of the Company should be Rs. 2 Crore.
What are non banking documents?
The main and most significant documents required for non-banking financial company registration in India, are the following: The certificate of company incorporation. Bank Account with a minimum paid up equity share capital of INR-2Crore. Well-audited financial accounts of the company for last three consecutive years.
What is type II NBFC?
Type-II NBFC (NBFC-ND) Are those who accept public funds / expect to accept public funds in the future and/or have a customer interface/plan to have future customer interface.
How do I get my NBFC P2P license?
Eligibility to Become an NBFC P2P
- Be registered as a company in India, under the Companies Act.
- A net owned fund (NOF) of not lesser than Rs.
- On your application, RBI would verify and may grant the NBFC certificate of registration for providing P2P lending.
- All P2Ps are to be registered with the RBI as an NBFC.
What is NBFC examples?
Investment banks, mortgage lenders, money market funds, insurance companies, hedge funds, private equity funds, and P2P lenders are all examples of NBFCs.
How many types of NBFCs are there?
NBFC Investment & Credit Company The NBFC-ICC comprises three three types of NBFC i.e. Asset Finance, Loan and Investment Company.
What are NBFCs types of NBFCs?
The different types of NBFCs
- Asset Finance Company.
- Loan Company.
- Mortgage Guarantee Company.
- Investment Company.
- Core Investment Company.
- Infrastructure Finance Company.
- Micro Finance Company.
- Housing Finance Company.
Documents Required for NBFC Registration. Certificate of Company Incorporation. Detailed information about the management along with a brochure of the company. A copy of PAN/Corporate Identity Number (CIN) of the company. Documents related to the office location/address
Which is exempt from NBFC registration in India?
No, the Reserve Bank of India (RBI) does not regulate or govern all kinds of financial institutions prevalent in India. The financial institutions which are treated as NBFCs but are exempt from the registration under Section 45-IA of the RBI Act, 1935 are as follows: Chit Fund.
How to get certificate of NBFC from RBI?
For the purpose of registration of an NBFC, an application is to be submitted in the prescribed form along with the necessary attachments with the RBI for its scrutiny. On being satisfied that the provisions of the RBI Act have been complied with then a CERTIFICATE OF REGISTRATION is issued to the entity.
Can a NBFC carry on non banking financial business?
As per RBI guidelines, an NBFC cannot carry on non-banking financial business if, a) it does not have a certificate of registration from the bank (except for the NBFC’s who are not regulated by the RBI), and b) it does not have Net Owned Funds of Rs. 2 crore.
