cijino (Cijino Douwx) - A LeasedAdSpace Member

cijino

Cijino Douwx

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Join Date - 2022-01-20

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NBFC Registration

Learn about the whole NBFC Registration Process and how to get your NBFC authorized with MUDS in India. NBFCs are India's top business; one may invest a large sum and profit in less than five years.

Registration Requirements for NBFC

The Reserve Bank of India regulates NBFCs in India and they authorize NBFC licenses. According to RBI standards, an NBFC cannot do non-banking financial activities if it a) lacks a certificate of registration from a bank (save for NBFCs that are not regulated by the RBI) and b) lacks Net Owned Funds of Rs. 2 crores.

An NBFC formed under the Companies Act, 1956 of the Companies Act, 2013 that wishes to start a non-banking financing company should fulfil the following RBI guidelines:

• Section 3 of the Companies Act, 2013 of the Companies Act, 1956 requires it to be incorporated.
• It should fulfil the minimum criterion of Rs. 2 crores in Net Owned Funds.

Net Owned Funds may be computed using the firm's most recent audited balance sheet. Total Owned Funds will consist of Paid-up Equity Capital, Free Reserves, Share Premium Account Balance, and Capital Reserve. Net Owned Funds are calculated by subtracting Revaluation Reserves, Accumulated Loss Balance, and the book value of Intangible Assets from Total Owned Funds. If any investment in shares of other NBFCs, debentures, or shares of subsidiaries and group firms exceeds 10% of the held funds, the amount will be deducted from the total.

We provide a service that allows you to receive your nbfc registration online and deliver it to your door. All you have to do is schedule an appointment with our expert panel. They will help you through the nbfc registration process so that you can complete your task swiftly and efficiently.