What is NBFC Registration?

Non-Banking Financial Company (NBFC) is a financial institution that does not hold a banking licence but can provide consumers with financial products and services. NBFC Registration is primarily concerned with loans and advances, share acquisition, hire-purchase, finance leasing, chit fund, and so on. An NBFC must differ from a bank in that it cannot accept savings or current account deposits, cannot issue cheques drawn on itself, and does not provide deposit insurance or credit guarantee coverage to its depositors.
NBFCs' Role in India

In a nutshell, NBFCs have significantly contributed to the development of the Indian economy in the following ways:
Resource mobilisation;
capital formation
Creation of new employment
Obtaining foreign grants
Offering long-term and specialised credit;
Introducing finance to the country;
By utilising cutting-edge technology to make financial services available to all;
As an alternative to banks, it offers a variety of services ranging from assisting with property investment and trading money market instruments to funding private education, among other things.
Required Documents for NBFC Registration
Certificate of Incorporation;
Detailed management information, as well as a company brochure;
a copy of the company's PAN/Corporate Identity Number (CIN);
Location/address documentation;
Certified copy of the Memorandum and Articles of Association;
List of Directors' profiles that must be signed;
Directors' qualification certificates, as well as their experience certificates;
CIBIL/credit reports of the Company's Directors;
A certified copy of the Board resolution on the 'Fair Practices Code';
Certificate issued by the statutory auditor declaring that the company does not hold and does not accept public deposits;
Certificate from a Statutory Auditor stating the funds owned on the date of the application;
KYC for shareholders, CIBIL report, ITR, and banker report;
Provide information on the bank account, balances, loans, credits, and so on.
Audited balance sheet and profit and loss statement for the last three years, along with the directors' and auditor's reports;
Copy of bank statement and ITR that has been self-certified;
Why Choose Finlawcity?
Finlawcity is committed to assisting startups and MNCs with the legal and regulatory issues related to establishing and running their businesses. Our goal is to provide all individuals and businesses with access to all of their legal and professional needs on their fingertip. We have worked with a huge number of Fintech companies in India, actively assisting them in establishing a lending business and obtaining permission from SEBI, IRDA, and the RBI.

Frequently Asked Questions

What is a Private Limited Company?
Private Limited Company is the most sought form of Company Registration in India. It is the most preferred form of business and regulated by Ministry of Corporate Affairs (MCA) under Companies Act, 2013. A Private Limited Company is a type of business structure registered with MCA to give a separate legal existence to the business different from its directors and shareholders. This means that a company continues to exist even after the death of any member/director in the company.
A minimum of two persons are required to form a Private Limited Company. It is not even important that members should be different from directors. In a company, two persons can act as Members and Directors both at the same time. Members and Shareholders are one in the same. That means an individual may become shareholder and director at the same time.
There is no minimum capital requirement to form a Private Limited Company Registration. Start-ups may choose on their own how much paid-up capital they want to keep during the Company Registration. However, generally one lac capital is kept as per most companies registered.
Name reservation is quite simple and easy to obtain. Our professionals will guide and help you in choosing the best suitable name of your company according to name guidelines of company incorporation and trademark laws.
Director Identification Number (DIN) is a unique number assigned by the MCA to Individuals allowing them to become Director in any Company or Designated Partner in an LLP (In LLP, it is called DPIN). Any natural person above the age of 18 years can become the director in the company after getting DIN. There are no specific regulations provided in terms of citizenship or residency, also a foreign national can become a director.
Digital Signature Certificates (DSC) are the digital equivalent (electronic format) of physical or paper-based certificates. Likewise, a digital certificate can be presented electronically to prove one's identity, to access information or services on the Internet or to sign certain documents digitally. SPICE+ forms are filed for online company registration after affixing the DSC. The subscribers to MOA & AOA shall possess DSC for submitting e-forms for incorporation.
Memorandum of Association (MOA) is a legal document prepared during the registration process of a company to define its relationship with shareholders and contains the main objectives of the company. Articles of Association (AOA) are by-laws of the company and it regulates management of a company and creates certain rights and obligations between the members and the company.
Yes, Startups get benefits of getting themselves registered as a Start-up under DPIIT and avail many benefits launched by the Govt. Corporates recognize Private Limited Company very well and the foremost advantage is of credibility and good reputation of the established business in the eyes of Investors, Incubation Centres, Financial Institutions and Customers at large.
Post incorporation compliances are easy and manageable. Companies Act, 2013 provides a lot of exemptions to private Companies due to which compliances becomes easy and handy. At CCL, Professionals are there to manage each and every compliance of your company. Get in touch with us to know the post incorporation compliance especially commencement of business.
No, With Compliance Calendar LLP, no compliance is complicated. Our team is here to manage each and every thing when it is about managing company compliances.
We are the market experts in registration and compliance of Companies. We can help you with end-to-end services in Private Limited Registration anywhere in India. Company Registration is a legal process and therefore it is prudent to assign the work to a professionally managed firm like CCL.
Not to worry at all! A Professional from our experienced team will resolve all your queries. Our Company Registration Experts will give you the best advice without any consultancy fees.