NBFC COMPANY REGISTRATION

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Private Company Registration

What is NBFC Company Registration?

NBFC, or non-banking financial company, is the registered company under the Companies Act 1956. It is engaged in the procedure of business loans and advances along with securities, bonds, and stock, shares, which are issued by the government or local authorities or any other marketable securities of the same nature. It only depends on whether they are engaged in hire purchase, insurance, or leasing services. Some other surfaces are also there.

Some other services are also there in which the same company is engaged. But registration is also integral for the same.

Non-banking financial company process for license:-

Step 1: Registration under company act 2013:

Look out for the registration under the Companies Act 2013. Some documents are required for doing the same including the valid IDs, aadhar card and firm information.

Step 2: Minimum funds:

The minimum funds required are Rs. 2 crores, and these must be owned by a company.

Step 3: Director of the company:

It is important that a director of the company must be there and DIN number is also important for them to get. It will help format to deal with all the legal filing.

Step 4: CIBIL score:

Look out for a good BIBIL score because it is important to register as a non-banking financial company.

Step 5: Visit the RBI website and fill out the application:

Website of RBI is there is the application form available which an individual needs to fulfill along with all the required documents. Make sure to submit all of them and wait until the CARN number gets generated.

Step 6: Send the hard copy to the Regional branch of RBI:

Get the hard copy and send it to the regional branch of RBI. After the verification, the registration process will be done, and you are all set to start the services.

At LEGAL TIME, don't worry about the same as we will help you to get it easily. Just get in touch with us and let us know. We move ahead with seamless procedure for providing the best services!

Minimum funds:

Copy of the company’s Certificate of Incorporation

Certified copies of MOA (Memorandum of Association) and AOA (Articles of Association)

Updated KYC of all the directors and shareholders of the applicant company

Credit report of every shareholder and director of the company

Clean banker’s report with no lien remark on an FD (Fixed Deposit) of Rs. 2 crores

An NOF (Net-owned Fund) certificate of all the shareholders and directors

A comprehensive action plan of the proposed NBFC along with the organization’s structure

The financial statements of the company

The highest qualification of all the directors of the company

Other documents as required

NOC From Owner.

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