NBFC Registration
NBFC License in India.
Minimum Requirements
What is an NBFC?
Non-Banking Finance Company, is a private or public limited company that has been incorporated under the Companies Act, 2013, and has received a Certificate of Registration (COR) from the Reserve Bank of India. The NBFC’s main business is providing loans and advances, as well as the acquisition of shares, stocks, and other investible securities. Personal Loans, Asset Financing, SME Lending, Gold Loans, Loan against Property, Loan against Shares, Short Term Personal Loans, and other types of loans are among the types of loans that NBFCs can provide.
Types of NBFC in India
Advantages of NBFC?
- Provide
loans and credit facilities
- Trade
in money market instruments
- Wealth
management such as managing portfolios of stocks and shares
- Underwrite
stock and shares and other obligations
- NBFCs
are the last resorts of borrowing; NBFCs are there where banks are not
there
- NBFCs
are the largest propellants of ushering finance into the country
- Agility
is very important for NBFCs as it sets the banks apart. Banks function
slower as compared to the NBFCs
- The
use of modern methods by NBFCs has overcome key challenges that had
overwhelmed conventional lending. NBFCS have made great use of technological advancements like the use of mobile phones and the internet
which has helped in making information easily accessible anytime anywhere.
It has reduced the demand and reliance on bank branches
- Technology
is not only at the head of banking and financial services, but also an
increasingly digitized India has underpinned the rise of NBFCs. Digitalization has given NBFCs the ability to present multiple choices and
reach the larger audience at quicker pace. This indirectly gives rise to
larger NBFCs
- Combination
of partnership and database helps in increasing penetration of financial
inclusion. To reach large numbers of customers successfully, and minimize
risks, NBFCs have forged partnerships including the government to use
their database and identify customer worthiness. Thus lending has been
productive
How long does it take?
Day 1-2
Review of documents provided + Application for Digital Signature Certificate
Day 3-4
Name reservation application under SPICe+
Day 5-9
- Drafting of MoA, AoA and other required documents + Filing company registration application + DIN allotment application + Application for PAN and TAN of company
Day 10-12
Government processing time
How does it works?
Free Consultation
- Our expert will understand your requirements
- They will provide basic details and documents list required for registration
Make the Payment
- You make the initial fee payment through secure payment gateway towards stamp duty and out of pocket expenses.
Application for company registration
- Application for company name registration under SPICe+
- Procurement of Digital Signature Certificate (DSC)
- Documents drafting including MOA and AOA
- Application for Company registration
- Application PAN and TAN
