NBFC registration In India – An Overview
You can register an NBFC in India in 90 to 120 Working days and start your finance business.
New NBFC registration is highly recommended over the NBFC takeover. NBFC registration has several steps not limited to Quality of Capital test, Business Plan, Profile Assessment, Experience in finance, Business Eligibility test and Public interest concern of the Regulator. If you can qualify all together, Cor may be issued by the Department of Non-Banking Regulation.
We shall assist you in NBFC company registration, NBFC Fintech Business Plan, NBFC Software, CISA Audit and end to support in registering and managing NBFC business In India.
- Profile Assessment Test
- NBFC Company Registration
- High-Level Business Plan
- Online Application Filing
- RBI Questions/clarification
- Final Decision on COR
- Business Commencement
- On-Going Compliance
Documents Required for NBFC Registration
- Certified Copy of Registration Certificate
- Latest KYC
- Net worth Certificate
- Clean Banker Report
- Education Proof
- Credit report of Directors and shareholders
- Experience in the Financial sector
- Underwriting model
- Organization Matrix
- System and IT Policy
Obtain a Certified copy of Certificate of Incorporation (COI), MOA & AOA from the Regional registrar of companies
Need updated KYC & Income proof of Directors and Shareholders
Collect updated net worth certificate of Directors, Shareholders, and Company
Need to Obtain a Banker report about the no Lien remark on the Initial Fixed deposit of Rs 2 Cr.
Proof of educational/professional qualification of the directors of the Applicant company
Latest credit reports of directors and shareholders are required.
Submit at least one Director's profile with 10+ years’ experience in the financial services sector
Submit a detail action plan about the loan products, fair practice code, credit and risk assessment policy.
Need to provide organizations structure and decision-making process for approval/rejection of a loan application
Submit Information technology policy
