Follow Us:

Start and Grow your Business

We are India’s leading Financial and Secretarial Advisor to Small, Medium and Large Business enterprises for their various requirements.

Why Choose us

  • Cost Effective Services with Easy EMI
  • Quick Turnaround Time
  • Transparent Process & No Hidden Charges
  • ISO 27001:2013 Certified for Data Security

  • Recognised by Govt. of India
  • Professional & Experienced Team
  • 5000+ Satisfied Customers
  • Enduring Business Relationship

Get in touch now for a FREE CUNSULTATION at +91-8866277244

Request a Callback

    Non-Banking Financial Corporation [NBFC] Company

    Non-Banking Financial Company (NBFC) is a financial institution that does not have banking license but is allowed to offer financial products and services to customers. NBFC is primarily concerned with the business of loans and advances, acquisition of shares, finance leasing, hire-purchase, chit fund, etc. It is important to note that an NBFC is different from bank in ways like an NBFC cannot accept savings and current account deposits, cannot issue cheques drawn on itself and its depositors do not get a deposit insurance and credit guarantee coverage.

     

    NBFCs are known to provide quick loans to the individuals as well as the corporates in contrast to the other banks which is the major reason for their popularity over the Traditional Banks. The NBFC Registration comes under the Companies Act, 2013 and the RBI Act 1934. In India, The Reserve Bank of India is the supreme regulator of the NBFCs.

     

    ComplianceIndia can be your legal and professional partner in India to get you registered your NBFC Company quickly and cost-effectively.

    Advantages of NBFC Company

    NBFC can provide loans and credit facilities

    NBFC can provide loans and credit facilities

    NBFC can trade in money market instruments

    NBFC can trade in money market instruments

    They can do wealth management such as managing portfolios of stocks and shares

    They can do wealth management such as managing portfolios of stocks and shares

    They can underwrite stock and shares and other obligations

    They can underwrite stock and shares and other obligations

    NBFCs are the last resorts of borrowing; NBFCs are there where banks are not there.

    NBFCs are the last resorts of borrowing; NBFCs are there where banks are not there.

    NBFCs contribute largely to the economy by lending to infrastructure projects, which are very important to a developing country like India.

    NBFCs contribute largely to the economy by lending to infrastructure projects, which are very important to a developing country like India.

    Eligibility to form a NBFC Company

    i) Registration: It should be a company registered under Section 3 of the Companies Act, 2013 or Companies Act, 1956
    ii) Net Owned Funds: It should have a minimum net owned fund of Rs. 2 crore. It must comprise of only equity paid-up share capital. Preference share capital is not to be included. The premium on shares & reserves, if any, shall be included. But it should not be a borrowed fund. Though, gifts from the spouse can be included in the NOF. The minimum NOF requirement differs for specialized NBFCs (NBFC-MFIs, NBFC Factors, and CICs)
    iii) Directors Qualification: At least 1/3rd of the Directors must hold a minimum 10-year experience in finance. And he/she must be employed as a full-time Director.
    iv) Unique Business Plan: A business plan must be detailed and ready for operations for the next 5-years.
    v) Credit History: The CIBIL score of the “company, it’s Directors, and it’s members” must be good. They must not have any write-offs or default on the repayment of loans to an NBFC/ Bank.
    vi) FDI Compliance: If any foreign investment is anticipated, the company should be in compliance.

    How we Work?

    Step 1

    Fill-up our Contact Form and Submit

    Step 2

    Step 3

    Step 4

    Step 5

    Collect all required information as per checklist for RBI registration

    Step 6

    Step 7

    Packages

    Consultation Charges

    Nil

    Complete assistance by Experts or Professionals indicating Process, Documents required, Benefits, Tax compliance, Legal Compliance, etc.

    Start-up Plan

    Rs. 2999/- only

    • – Registration of your NBFC Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of all Directors
    • – PAN and TAN Registration
    • – Expert advice from Experts/ Legal Professionals

    Basic Plan

    Rs. 9,999/- only

    • – Registration of your NBFC Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of all Directors
    • – PAN and TAN Registration
    • – GST Registration
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of consent letter and Appointment of First Auditor
    • – Expert advice from Experts/ Legal Professionals

    Advance Plan

    Rs. 14,999/- only

    • – Registration of your NBFC Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of all Directors
    • – PAN and TAN Registration
    • – GST Registration
    • – Current Account Opening in your nearest Branch
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of documents
    • – Appointment of First Auditor
    • – MCA Annual Filing of Form AOC-4/ AOC-4 XBRL and MGT-7
    • – DIR-3 KYC filing
    • – Expert advice from Experts/ Legal Professionals

    Ultimate Plan

    Rs. 29,999/- only

    • – Registration of your NBFC Company with MCA
    • – Trademark Application
    • – Company MOA and AOA
    • – Allotment of DIN of all Directors
    • – PAN and TAN Registration
    • – GST Registration
    • – Current Account Opening in your nearest Branch
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of documents
    • – Appointment of First Auditor
    • – MCA Annual Filing of Form AOC-4/ AOC-4 XBRL and MGT-7
    • – DIR-3 KYC filing
    • – Income Tax Return filing of Company and its Directors
    • – Financial Statements preparation
    • – GST Return filing for 6 months
    • – Expert advice from Experts/ Legal Professionals

    Documents required for NBFC Company Registration

    Certificate of Incorporation

    A certified copy of Certificate of Incorporation along with copy of MOA & AOA is required.

    Updated KYC

    Latest KYC details, income proof, credit report, and Net-worth Certificate of Directors and shareholders.

    Net Worth Certificate

    Collect updated net worth certificate of Directors, member/ shareholders, and Company.

    Education

    Education & qualification proof of the Directors.

    Address Proof

    Copy of Aadhaar Card/ Voter ID/ Passport/ Driving License or Bank Statement/ Utility Bills not older than 2 Months of all Directors.

    Office AddressProof

    Copy of Electricity bill or rent agreement and latest self- attested electricity bill in case of rented accommodation not older than 2 months.

    NOC from owner

    No Objection Certificate to be obtained from the owner(s) of registered office.

    PAN card

    PAN card copy of Company and all Directors.

    Bank Account

    Details of the bank account of the company. This account must have at least Rs. 2 crores deposited as the minimum NOF requirement. And it must be well audited for the last 3-years.

    Banker’s Report

    A report to be obtained from the bank confirming the No Lien remark on the Initial Fixed Deposit of Rs. 2 crores.

    Board Resolution

    The board’s resolution must include, “approving the formation of the NBFC”.

    Identity Proof

    Copy of Aadhaar Card/ Voter ID/ Passport/ Driving License of all Directors.

    Underwriting model

    A detailed action plan, for the next 5-years, about the loan products, complying with the Fair Practices Code, credit, and risk assessment policy must be present.

    Organizational Structure

    Complete plan of the organization hierarchy and decision-making process. The proposed criteria on which a loan application will get approved or rejected.

    Comparison Between NBFC Company and Bank

    Non-Banking Financial Corporation [NBFC] Company Bank
    NBFC’s cannot deposit demand deposit A Bank can deposit demand deposit
    NBFC’s cannot issue drawn a cheque in itself A Bank can issue drawn a cheque in itself
    Deposits done with NBFCs are not insured by Deposit Insurance and Credit Guarantee Corporation. Deposits done in Banks are insured by Deposit Insurance and Credit Guarantee Corporation
    GET STARTED  

    Procedure for Incorporating a NBFC Company

    1. Incorporation as Company

    The first step towards the incorporation of NBFC is to register the Company under the Companies Act 2013.

    2. Net owned capital fund

    3. CIBIL record

    4. Capital compliances and FEMA Rules

    5. Submission of Detailed Application Form

    6. Submission of Documents

    Next, you will have to submit all the required documents.

    7. Company Application Reference Number

    8. Submit hard copy of all documents

    9. RBI checks the application in detail

    10. Generation of License

    Frequently Asked Questions

    1. What is Non-Banking Financial Company (NBFC)?

    NBFC is a Non-Banking Financial Company which the principal business of which is:
    – lending money or
    – investing in shares/stocks/bonds/debentures or
    – leasing hire purchase, or
    – doing insurance business, chit business or
    – Receiving deposits under any scheme or arrangement.
    Note: NBFC is regulated by Reserve Bank of India.

    2. Is every business is allowed to carry on the business of NBFC?

    3. Do NBFCs need to be registered with RBI?

    4. What categories of NBFCs are to be registered with RBI?

    5. Which NBFCs are entitled to accept public deposits?

    6. At what rate of interest can NBFCs accept deposits?

    7. What is the time period for which NBFC can accept deposit?

    8. What compliances are required to be fulfilled once the firm is registered?

    9. What are the powers of the Reserve Bank with regard to 'Non-Bank Financial Companies’, that is, companies that meet the 50-50 Principal Business Criteria?

    10. Why is the RBI so restrictive in allowing NBFCs to raise public deposits?

    11. What action can a depositor take if any NBFC fails to return principal, interest thereof on deposits?

    12. Can the exempted category of NBFCs accept/hold deposits?

    13. What does RBI do to protect the interest of NBFC depositors?

    14. What is the significance of the 50-50 test for NBFC’s?

    15. How long is the NBFC Company Registration process in India?

    OUR SERVICES

    Private Limited Company Incorporation

    ₹2,999/-

    Looking to Start a Company in India? Contact us for complete solutions to your needs…

    Get Started Now

    One Person Company Incorporation

    ₹2,999/-

    Looking to Start a One Person Co. in India? Contact us for complete solutions to your needs…

    Get Started Now

    Limited Liability Partnership Registration

    ₹2,999/-

    Looking to Start aLLP in India? Contact us for complete solutions to your needs…

    Get Started Now

    Indian Subsidiary Company Registration

    ₹9,999/-

    Looking to Start a Subsidiary Co. in India? Contact us for complete solutions to your needs…

    Get Started Now

    Trademark Registration

    ₹4,999/-

    Complete Solutions for Trademark Registration, Opposition, Reply, Renewal etc…

    Get Started Now

    GST Registration

    ₹999/-

    Complete Solutions for GST Registration, Modification, Queries for all GST matters…

    Get Started Now

    GST Return Filing

    ₹499/-

    ST Return Filing Solutions, NIL GST Return Filing, GST LUT Filing, GST E-Way Bill, Reply to GST Notice…

    Get Started Now

    Accounting and Tax Services

    ₹499/-

    Complete Solutions for Tax, Payroll, TDS, Income Tax for Individual and Company etc…

    Get Started Now

    Private Limited Annual Compliances

    ₹2,999/-

    Solutions for all yearly and event based compliance requirements related to your Company and Directors...

    Get Started Now

    One Person Company Annual Compliances

    ₹2,999/-

    Solutions for all yearly and event based compliance requirements related to your Company and Director...

    Get Started Now

    LLP Annual Compliances

    ₹2,999/-

    Solutions for all yearly and event based compliance requirements related to your LLP and Partners...

    Get Started Now

    XBRL Conversion and Filing Services

    ₹5,000/-

    Get your XBRL financials ready for filing with MCA, BSE, NSE etc...

    Get Started Now

    WHY TO CHOOSE US

    Recognised by Govt. of India

    We are Govt. recognised registered Company providing Financial and Legal aspects to clients all over India.

    Professional & Experienced Team

    We are a strong team of 25 energetic people with 2 Chartered Accountants and 4 Company Secretaries.

    Quick Turnaround Time

    From our past records, we assure you 100% accuracy in services we provide within the timeframe mentioned.

    Cost Effective Service with Easy EMI

    With us, you can be confident that needs will be met and agreed-upon services will be provided at a fair price with an option of Easy EMI.

    5000+ Satisfied Customers

    We provide financial, taxation and regulatory services to more than 5,000 Individuals and Businesses.

    ISO 27001:2013 Certified for Data Security

    Certified Service provider for quality standards, data security and confidentiality.

    Transparent Process & No Hidden Charges

    We practice transparent pricing for all services and separate cost into three categories, our fee, government fee, and GST. No Hidden Cost.

    All services under one roof

    From incorporation to routine finance, tax and regulatory services till Closure/ wind-up for businesses and Individuals.