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NBFC REGISTRATION IN INDIA

The NBFC sector plays a vital role in Indiau2019s financial ecosystem. NBFCs, though similar to banks, differ as they cannot accept demand deposits, issue cheques, or offer deposit insurance. RBI classifies NBFCs based on business activity and deposit acceptance, applying strict eligibility norms like company incorporation, u20b910 Cr Net Owned Fund, fit & proper promoters, a sound business plan, and clean credit history. Registration involves incorporation, NOF certification, document submission, RBI scrutiny, and payment of fees before issuance of CoR.

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NBFC REGISTRATION IN INDIA

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  1. NBFC REGISTRATION IN INDIA The NBFC sector is a key driver of India’s financial growth. A stringent registration process ensures transparency, financial inclusion, and security, while a well-regulated NBFC license opens doors to vast opportunities in this dynamic industry. STEPS 1.Incorporation of the Company: Legally incorporate your company with MOA clearly stating financial business operations. 2.Capital Infusion & Certification of NOF: Deposit the minimum NOF in the company’s bank and obtain an auditor’s certificate as proof. 3.Document Compilation: Prepare all required documents including COI, MOA/AOA, KYC, credit reports, and business plan. 4.Online NBFC Application: Apply through RBI’s COSMOS portal, upload documents, and obtain a CARN number. 5.Dispatch of Physical Documents: Send hard copies of the application and attested documents to the RBI Regional Office. 6.RBI Investigation & Due Diligence: RBI verifies documents, assesses promoters/directors, and scrutinizes the business plan thoroughly. 7.Payment of Fees: Pay the non-refundable ₹3,00,000 registration fee during online application submission. 8.Certificate of Registration (CoR) issue: On approval, RBI issues the CoR, officially allowing NBFC operations. At SKMC Global helps businesses in NBFC registration by ensuring end-to-end compliance, from incorporation to RBI approvals. We manage documentation, filings, and due diligence, enabling a smooth and hassle-free registration process. www.skmcglobal.com +91 989-125-5499 info@skmcglobal.com

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