NBFC Company Registration

Non-Banking Financial Company (NBFC) engaged in financial activities, they are registered under the Companies Act, 1956. NBFCs deal with the business of lending, investments in share market, debentures or bonds, leasing, hire purchase, insurance and chit business.

Characteristics

    NBFCs are classified into three broad categories in India:
  1. Investment Companies
  2. Loan Companies
  3. Finance Companies

Documents Required

The documents required from the director and shareholders are:

  1. Pan Card/Aadhar Card
  2. Voter ID/Passport / License
  3. Two passport photo
  4. Bank Statement- latest 3 month(Bank Pdf)
  5. Email, Mobile No, Profession , Qualification and Duration of stay at present address

Documents required of the proposed registered address are as follows:

  1. Electricity bill/Other Utility Bill of the proposed registered address
  2. NOC or rent agreement from the owner of the premises
  3. Even if the director is owner of the property NOC is needed from him
  4. Bank Statement- latest 3 month(Bank Pdf)
  5. Email, Mobile No, Profession , Qualification and Duration of stay at present address
  6. Note:- All document must be scan from scanner with good quality

Time

NBFC Company registration process can be completed in around 10-14 working days after all document received completely from customer side; as follows:-

  1. Preparation of documents – 2 days
  2. DSC Application – 1 day
  3. Name Approval through RUN – 1-2 days
  4. Filing of form – 2 days
  5. Approval – 8-10 days

Procedure

  1. Firstly, you need to form a company with a minimum of Rs. 2 crores net worth (in the form of equity share company and not preference share capital)
  2. After forming the company, one needs to open a Bank Account.
  3. One needs to apply online for generating the Certificate of Registration to RBI. The online application needs to be in a prescribed format accompanied with the information regarding the documents and enclosures. After this, a company application reference number is generated.
  4. Submission of a hard copy of documents to the Regional Office of RBI along with the documents and enclosures.
  5. After proper verification and approval of the submitted application, the regional office forwards the application to the Central office of RBI,they go through crucial examination in order to grant the Certificate.
  6. If all the terms under section 45-I A of RBI Act, 1934 are complied with then the certificate will be granted.

FAQ's

    For registration of NBFC a minimum capital of Rs. 2 crores is needed, the applicant needs to register a company along with the prescribed capital and requisite government fee.
    Yes, NBFC is a company registered under the new Companies Act, 2013. After the registration, one needs to obtain a certificate of registration from the RBI.
    A very minor difference in there between NBFCs and banks, NBFCs give financial services which are similar to banks. But the NBFCs are more concentrated on unorganized sector of the society which are having low or no credit rating score.

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Address

B-4/193, Chitrakoot Scheme, Vaishali Nagar, Jaipur, Rajasthan-302021

Phone

+91-9119112929

E-mail

info[@]zumosun(dot)com