ameeksingh
Registering a Non-Banking Financial Company (NBFC) in India involves a detailed process regulated by the Reserve Bank of India (RBI). To initiate the application, specific documents must be submitted to ensure compliance and eligibility.
Key documents required for NBFC registration include:
Certificate of Incorporation – A copy of the company's Certificate of Incorporation issued by the Registrar of Companies (ROC).
Memorandum and Articles of Association (MOA & AOA) – These define the company’s objectives and operational structure.
Net Owned Fund (NOF) Proof – A minimum NOF of ₹2 crore (₹10 crore for certain categories) is required, supported by bank statements and auditor’s certificate.
Board Resolution – A resolution approving the formation of an NBFC and authorizing the application to RBI.
Director and Shareholder Details – KYC documents, PAN, address proof, and qualification/background details.
Credit Reports – For all directors and shareholders to ensure financial soundness.
Auditor’s Report – Confirming the NOF and financial position.
Business Plan – A detailed plan outlining objectives, products, market strategy, and financial projections.
Additional documents may be requested depending on the NBFC type (e.g., loan company, asset finance). Ensuring the accuracy and completeness of documentation is crucial to secure RBI approval efficiently.
