Non-Banking Finance Company Registration

NBFC Registration A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. 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 installments by way of contributions or in any other manner, is also a non-banking financial company (Residuary non-banking company). NBFCs are categorized a) in terms of the type of liabilities into Deposit and Non-Deposit accepting NBFCs, b) non-deposit taking NBFCs by their size into systemically important and other non-deposit holding companies (NBFC-NDSI and NBFC-ND) and c) by the kind of activity they conduct. Within this broad categorization, the different forms of NBFCs are as follows:
Asset Finance Company (AFC)
Investment Company (IC)
Loan Company (LC)
Infrastructure Finance Company (IFC)
Systemically Important Core Investment Company
Infrastructure Debt Fund
Non-Banking Financial Company
Mortgage Guarantee Companies (MGC)
NBFC can raise funds from the public, directly or indirectly, and can freely lend them to ultimate spenders. The minimum tenure to accept deposits is 12 months and the maximum period of 60 months. NBFC advance loans to the various small wholesale and retail traders and self-employed persons. NBFC is very popular due to attractive interest rates on deposits. Non-Banking Financial Company (NBFC) Similar to Bank, Except For the Following Differences:
It cannot accept demand deposits
It cannot issue cheque drawn on itself
Non-banking financial incorporation (NBFC) in India is classified under three types:

i.Asset finance companies (AFC)
ii.Investment company (IC)
Loan company (LC)

a.Development finance institutions
b.Investment companies
c.Discount & guarantee houses
d.Corporate development companies
e.Venture capital companies
f.Leasing companies
g.House finance companies

Merit of NBFC Company:
a.Provides loans and credit facilities to Public
b.Trading money market instruments
c.Funding private education & Business
d.Wealth management
e.Discounting services e.g. discounting of instruments
f.Underwrite stock and shares, TFCs and other obligations

Our services for establish your NBFC Company:
a)Name Approval From RBI
b)NBFC Company Registration
c)NBFC Business Plan
d)NBFC License from RBI
e)Five DSC & Five DIN
f)Company Name reservation
g)Trademark search for business.
h)Drafting MOA & AOA & Filling
i)MCA Government Fees & Filling
j)Corporate Identification Number (CIN)
k)PAN No. of company.

Documents required from all Directors & share holder for registering NBFC:
a)Certified copy of up-to-date Memorandum and Articles of Association of the Company.
b)Banker's Report in a sealed envelope.
c)Auditors report about receipt of minimum net owned fund.
d)A certificate of Chartered Accountant regarding details of group/associate/subsidiary/holding companies along with details of investments in other NBFCs as shown in the Proforma Balance Sheet
e)Election ID card or PAN Card or Passport.
f)Latest Bank Statement/Telephone or Mobile Bill
g)Voter's ID/Passport/Driver's License
h)Passport-sized photograph of all directors and shareholder
i)Scan copy of Signature (signature should same as on PAN Card)
j)Scanned copy of Notarized Rental Agreement
k)For Proposed Registered Office (Residential or Commercial) Any Utility bills
l)Scan copy of Rent agreement
m)NOC from Owner/Landlord