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1. NBFC INCORPORATION
ACT 2013
COMPLTE
INFORMATION
BY
WEBSOFTEX SOFTWARE
SOLUTIONS

2. • NBFC incorporation procedure
underneath corporations has are
simplified, in recent fundamental
quantity NBFC are often registered
with MCA while not previous approval
from run.
• Post incorporation of NBFC, you would
like to approach run workplace for Cor.
NBFC INCORPORATION
ACT 2013

3. • while not a legitimate NBFC license
from run, you'll be able to begin any
loaning business in Asian nation.
• NBFC registration procedure begins
with Name approval of the planned
company.
• Ensure that in Inc-1 the target of the
corporate should be funding.
NBFC INCORPORATION
ACT 2013

4. Prerequisites for NBFC
Registration:
• Any entity hungry of commencing the
business of NBFCs should, before
applying to run batted in for the
license, fulfill the subsequent two
criteria:
• It ought to be an organization
registered beneath corporations Act,
2013 or previous corporations Act,

5. Prerequisites for NBFC
Registration:
• It ought to have funds of
government agency a pair of large
integer.
• You should have minimum one
director from NBFC background or
senior Bankers as regular director
within the company.
Prerequisites for NBFC
Registration:

6. Prerequisites for NBFC
Registration:
• Clean CBIL records
• Understanding of NBFC / Finance
business
Prerequisites for NBFC
Registration:

8. • After satisfying the above conditions,
an online application available on
RBI’s website (COSMOS) should be
filled in along with all the necessary
documents.
• Thereafter, a CARN number will be
generated which shall be preserved
for inquiring about the status of the
application.
Prerequisites for NBFC
Registration:

9. • Subsequently, the hardcopy of the
application along with attached
documents should be submitted to
the regional branch of RBI.
• A license will be granted only after
careful scrutiny of the application
and documents attached with it.
Prerequisites for NBFC
Registration:

10. NBFC REGISTRATION
RULES
• After being incorporated under the
Companies Act and obtaining an
NBFC License under RBI Act, the
NBFCs accepting public deposits
shall be subjected to the following
regulations of RBI as formulated
from time to time:

11. NBFC REGISTRATION RULES
• NBFCs cannot receive deposits owed
on demand
• Public deposits for a minimum
quantity of twelve months and a
most quantity of sixty months
square measure typically
received/renewed;
Prerequisites for NBFC
Registration:

12. NBFC REGISTRATION
RULES
• The interest rates on deposits
cannot be quite the ceiling rate as
prescribed by RBI
• The deposits are not insured and
their compensation is not secured
by tally.