Non-Banking Financial Company (NBFC) is a company registered under the Companies Act and 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.
We at Lawpath, will register your Company and apply for RBI License (NBFC). Once RBI approves the application, you can start your activities.
Certified copies of Certificate of Incorporation and Certificate of Commencement of Business in case of public limited companies.
Certified copies of extract of only the main object clause in the MOA relating to the financial business.
Board resolution for NBFC Registration
Copy of Fixed Deposit receipt & bankers certificate of no lien indicating balances in support of NOF (minimum INR 2 Crore)
For companies already in existence, the Audited balance sheet and Profit & Loss account along with directors & auditors report or for the entire period the company is in existence, or for last three years, whichever is less, should be submitted
Copy of the certificate of highest educational and professional qualification in respect of all the directors
Copy of experience certificate, if any, in the Financial Services Sector (including Banking Sector) in respect of all the directors
Banker’s report in respect of applicant company, its group/subsidiary/associate/holding company/related parties, directors of the applicant company having substantial interest in other companies The Banker’s report should be about the dealings of these entities with these bankers as a depositing entity or a borrowing entity.
1-2 years subject to RBI Approval
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