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Documents required for registration as Type I - NBFC-ND
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An indicative list of basic documents/information
to be furnished along with the application form:
Sr. No.
|
Requirements
to be complied with and documents to be submitted to RBI by Companies for
obtaining certificate and Registration from RBI as NBFC
|
Page no.
in file
|
1
|
Certified copies of
Certificate of Incorporation and Certificate of Commencement of Business in
case of public limited companies.
|
|
2
|
Certified copies of
extract of only the main object clause in the MOA relating to the financial
business.
|
|
3
|
Board
resolution stating that:
a) the
company is not carrying on any NBFC activity/stopped NBFC activity and will
not carry on/commence the same before getting registration from RBI
b) the UIBs
in the group where the director holds substantial interest or otherwise has
not accepted any public deposit in the past /does not hold any public deposit
as on the date and will not accept the same in future
c) the
company has formulated “Fair Practices
Code” as per RBI Guidelines
d) the
company has not accepted public funds in the past/does not hold any public
fund as on the date and will not accept the same in the future without the
approval of Reserve Bank of India
e) the
company does not have any customer interface as on date and will not have any
customer interface in the future without the approval of Reserve Bank of
India
|
|
4
|
Copy of
Fixed Deposit receipt & bankers certificate of no lien indicating
balances in support of NOF
|
|
5
|
For
companies already in existence, the Audited balance sheet and Profit &
Loss account along with directors & auditors report or for the entire
period the company is in existence, or for last three years , whichever is
less, should be submitted
|
|
6
|
Banker’s
report in respect of applicant company, its
group/subsidiary/associate/holding company/related parties, directors of the applicant company having
substantial interest in other companies
The Banker’s report should be about the dealings of these entities
with these bankers as a depositing entity or a borrowing entity.
Note:
Please provide bankers report from all the bankers of each of these entities
and provide the report for all the entities. The details of deposits and
loans balances as on the date of application and the conduct of the account
should be specified.
|
Documents required for registration as Type II - NBFC-ND
(including new applications
of NBFC-MFI, NBFC-Factor, NBFC-IDF)
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Ozg NBFC Experts | Website: nbfc.co.in | Email: ask@nbfc.in
An indicative list of basic documents/information
to be furnished along with the application form:
Sr. No.
|
Requirements to be complied with and
documents to be submitted to RBI by Companies for obtaining certificate and
Registration from RBI as NBFC
|
Page no.
in file
|
1
|
Certified copies of
Certificate of Incorporation and Certificate of Commencement of Business in
case of public limited companies.
|
|
2
|
Certified copies of
extract of only the main object clause in the MOA relating to the financial
business.
|
|
3
|
Board
resolution stating that:
a) the
company is not carrying on any NBFC activity/stopped NBFC activity and will
not carry on/commence the same before getting registration from RBI
b) the
company has not accepted any public deposit, in the past (specify period)/does
not hold any public deposit as on the date and will not accept the same in
future without the prior approval of Reserve Bank of India
c) the UIBs
in the group where the director holds substantial interest or otherwise has
not accepted any public deposit in the past /does not hold any public deposit
as on the date and will not accept the same in future
d) the
company has formulated “Fair Practices
Code” as per RBI Guidelines
|
|
4
|
Copy of
Fixed Deposit receipt & bankers certificate of no lien indicating balances
in support of NOF
|
|
5
|
For
companies already in existence, the Audited balance sheet and Profit &
Loss account along with directors & auditors report or for the entire
period the company is in existence, or for last three years, whichever is
less, should be submitted
|
|
6
|
Copy of
the certificate of highest educational and professional qualification in
respect of all the directors
|
|
7
|
Copy of
experience certificate, if any, in the Financial Services Sector (including
Banking Sector) in respect of all the directors
|
|
8
|
Banker’s
report in respect of applicant company, its
group/subsidiary/associate/holding company/related parties, directors of the
applicant company having substantial interest in other companies The Banker’s report should be about the dealings
of these entities with these bankers as a depositing entity or a borrowing
entity.
Note:
Please provide bankers report from all the bankers of each of these entities
and provide the report for all the entities. The details of deposits and
loans balances as on the date of application and the conduct of the account
should be specified.
|
In addition to the Documents required for registration
as Type II - NBFC-ND, following list of documents / information to be submitted
by the NBFC-MFI applicant:
i)
Board resolution stating that:
a)
the company will be a member of all the Credit Information Companies and
will be a member of at least one Self Regulatory Organisation
b)
the company will adhere to the regulations regarding pricing of credit,
Fair Practices in lending and non-coercive method of recovery as per RBI
Guidelines
c)
the company has fixed internal exposure limits to avoid any undesirable
concentration in specific geographical locations
d)
the company is not licensed under Section 25 of the Companies Act, 1956
/ Section 8 of the Companies Act, 2013.
ii)
Roadmap for achieving 85% qualifying assets.
In addition to the Documents required for registration as Type II -
NBFC-ND, following list of documents / information to be submitted by the
NBFC-Factor applicant:
i)
Board Resolution enclosing roadmap that the
company will have financial assets in the factoring business constituting at
least 50% of its total assets and its income derived from factoring business
will not less than 50% of its gross income (Specify the time frame)
In addition to the Documents required for registration as Type II -
NBFC-ND, following list of documents / information to be submitted by the
NBFC-IDF applicant:
i) No objection Certificate from
RBI issued to NBFC-IFC for sponsoring the NBFC-IDF.
ii) Copy of Tripartite Agreement
between the concessionaire, the Project Authority and NBFC-IDF.
iii) Details of change in the
management of the sponsor company during last financial year till date, if any,
and reasons thereof.
iv) Source of startup capital of
the company with documentary evidence. NBFC-IDF would raise resources through
issue of either Rupee or Dollar denominated Bonds of minimum 5-year maturity.
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Ozg NBFC Experts | Website: nbfc.co.in | Email: ask@nbfc.in
