www.corpzo.com
Easing Compliance Incubating Growth
COMPLIANCE | FINANCE | LEGAL | INVESTMENT | GROWTH | ENVIRONMENT
+91- 99991 39391
reach@corpzo.com
www.corpzo.com
www.corpzo.com
NBFC Registration Financial BUsiness Incorporation
+91- 99991 39391
reach@corpzo.com
www.corpzo.com
ABOUT US
ACCELERATING BUSINESS EVOLUTION
✓ We are a Corporate Compliance organization having our presence across the globe aiming to ease compliance and assist in business evolution. ✓ We ensure that your business is up to pace with todays hyper-dynamic corporate legal structure(s) ✓ We take care of your compliance, so you can focus on your business.
✓ We are a corporate compliance organisation with expertise at providing pollution related and waste management advisory. ✓ Our experts have facilitated the incorporation of more than 1000 clients. ✓ We have facilitated more 5000+ clients in attainment of there business licences and registrations and more than 150 clients in obtaining licences for financial businesses throughout India.
WHAT IS a NBFC? NBFCs or Non-Banking Financial Company is a company registered under the Companies Act, 2013 engaged in the business of providing financial services. They are financial intermediaries registered as companies, indulged in various financial services that range from providing loans and advances, accepting deposits, delivering credit, acquisition of shares, stocks, debenture, bonds, securities, hirepurchase insurance. and play an pivotal role in financial development of our economy. While the Indian financial system is dominated by banks, NBFC’s increase the financial inclusion of the corporate sector, facilitate credit to the unorganized sector & small and local borrowers by supplementing and posing competition to the banking sector in India. The definition of NBFC doesn’t include any company engaged in the principal business of industrial activity, agricultural activity, purchase or sale of immovable properties or any other goods other than securities can not be an NBFC. NBFCs are regulated by the Reserve Bank of India (RBI) within the framework of the Chapter IIIB of the Reserve Bank of India Act, 1934 and any rules made thereunder or any directions issued by it under the Act. It is prima facie that the NBFC can be Companies registered under the Companies Act, 1956/2013 with the object clause of financial activity and the same need to take approval from Regulator Reserve Bank of India RBI) before commence the business of finance. Upon approval of RBI, Company can start the financial business and the entity should maintain the Principal Business Criteria (PBC) regularly. “Principal Business” implies that financial assets of the Company shall constitute more than 50% of the total assets of the Company and income from such financial assets shall constitute more than 50% of the gross revenue of the Company, is termed as “PBC”.
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Types of nbfc’s 1
Investment & Credit Company (NBFC - ICC): - RBI has consolidated or harmonized 3 categories of NBFC’s Namely Loan Companies (LC), Asset Finance
2
Infrastructure Finance Company (IFC) carry out financing of a minimum of three-fourths of their total assets in infrastructure loans. The Net Owned Funds (NOF)
3
Infrastructure Debt Fund: Non- Banking Financial Company IDF-NBFC are companies which facilitate the flow of long-term debt into infrastructure
4
NBFC-Factors has principal business of factoring. Factoring is a financial transaction and a type of debtor finance to provide the financial assistance now to cover the
5
Mortgage Guarantee Company (MGC)-NBFC has a principle objective of providing mortgage guarantee. Such companies shall comply with at least 90% of the business
6
Systematically Important Core Investment Company (NBFC - CIC-ND-SI) are engaged in the business of acquisition of securities and shares which its holds
7
Micro-Finance NBFC (MFI) is a kind of NBFC cater to low income groups and offer loans and offer insurance, deposit and other services to its members. These
8
NBFC-NON OPERATIVE FINANCIAL HOLDING COMPANY [NOFHC]: A NOFHC is financial business entity through which Entities/groups will be allowed to set
Companies (AFC) and Investment Companies, into a single Category named Investment and Credit Company (NBFC-ICC).
are more than 3 billion and a minimum crediting rating of 'A' with Capital to Risk-Weighted Assets Ratio is 15%.
projects. IDF-NBFC raises resources through Multiple-Currency bonds of minimum 5-year maturity. Only Infrastructure Finance Companies (IFC) can sponsor IDF-NBFCs.
invoice amount to be collected at a later date.
turnover form mortgage guarantee business or at least 90% of the gross income is from mortgage guarantee business
90% of its total assets in the form of investment in shares and equity. Such NBFC’s shall compulsorily convertible into equity shares within a period not exceeding 10 years from the date of issue.
companies.
up a new bank, which will hold the bank and all other financial services companies regulated by RBI or other financial sector regulators,
Pre-requisites for nbfc registration ✓
Applicant should be registered company as per the Rules, Regulations and Provisions of the Companies act, 2013 or the earlier Companies Act 1956.
✓
If a company engaged in the business of any of the above-mentioned fields, produces finance flow from that particular business, which is more than 50% of the total capital asset of the company for any year, the NBFC certificate is mandatory.
✓
The applicant company should have a minimum Net Owned Fund of INR- 2 Crores.
✓
The credit profile of the Company, its promoters and directors should not be in a default state.
✓
At least one of the members of the board is expected to have considerable prior experience in Banking or Credit operations.
Note: The Net Owned Fund mentioned above shall be available in Company’s bank account in the form of Fixed Deposit at the time of filing of Application for registration of NBFC.
Requisite Documents for company incorporation ✓ 1. ID proof of proposed Directors and members: (3 Directors & 7 Members) o
PAN card (Mandatory)
o
Aadhar card (Mandatory)
o
Passport or Voter’s ID or Driving License
✓ 2. Address proof of proposed members and directors (anyone):
✓
o
Telephone bill
o
Mobile Bill
o
Bank statement
o
Electricity bill
Address proof for the principal place of business of the proposed company (anyone) o
Utility bill like telephone bill, electricity bill, gas bill, water bill
o
Rent agreement with rent slip
o
Proof of ownership
It is mandatory to have 3 Directors and 7 Shareholders in order to incorporate a public limited company. In case any further information or document is required, Our Compliance team will collect the same within 7 days begin the process.
Requisite Documents for NBFC Registration 1.
2.
Self-attested documents of Directors & Shareholders:
o
Copy of ITR of the past 3 years
o
Net worth statement & Credit report
o
Proof of Highest Educational Qualification
If the Company is already incorporated then we would need: o
Certificate of Incorporation of the Company applying for registration
o
A copy of the latest Memorandum and Articles of Association of the Company attested by the directors.
3.
Net owned funds of INR 2-3 Crores (Fixed Deposit)(minimum being INR 2 Crores)
4.
Bankers report in a sealed envelope which shall be undisclosed.
5.
Business plan for 3 to 5 years mentioning detailed projections and operational plan of the proposed NBFC.
6.
Auditors report about the receipt of a minimum net owned fund.
7.
A certificate of Chartered Accountant regarding details of group/ associate/ subsidiary/ holding companies along with details of investments in other
NBFCs as shown in the Proforma Balance Sheet 8.
Business/ Career profiles of all the directors
9.
Self-declaration by the directors for not being charged with any penal action
In case any further information or document is required, Our Compliance team will collect the same within 7 days begin the process.
Steps for NBFC registration Collection & Verification of Soft Copy of all the relevant Documents & Information. Review of the duly signed and executed Documents by the Department Officials followed by preparation of business plan and requisite documents/attachments
COSMOS Preparation and submission of COSMOS (NBFC Registration Form) along with the prescribed attachments/documents and information as prescribed by the RBI.
Issuance of ARN On successful submission of the application along with the prescribed fees an Application Reference Number (ARN). Post issuance of ARN a physical copy of the application along with the respective annexures is to be submitted to the RBI
Scrutiny
If the RBI is satisfied that the terms and conditions prescribed under section 45-I A of the RBI Act, 1934 are fully satisfied by the applicant the Certificate will be granted to the applicant.
After the verification and approval of the submitted application and documents, the regional office sends the application to the Central office of RBI, which goes through crucial examination in order to grant the Certificate.
SCOPE OF WORK ✓
END TO END Advisory for NBFC Registration
✓
Preparation of 3 year and 5 Year Business Plan by our experts
✓
Preparation of Draft Application and Attachments
✓
Pre-submission scrutiny of documents/attachments of all the promoters and advisory regarding the proposed board of directors.
✓
Submission of Application and prescribed fees
✓
Pro-active follow up with the department
✓
Handling and revert for any queries raised by the RBI regarding the NBFC registration application submitted
✓
FREE Advisory for setup of NBFC and technology advisory.
RELATED SERVICES Licences & Registrations
01 ANNUAL FILING
02
ACCOUNTING & BOOKKEEPING
03 FINANCIAL ADVISORY
04 FERA REGISTRATION
05 BUSINESS LICENCES
06
Our Services 01
Business Strategy o o o o
02
03
05
Business Plan Startup Pitch Deck Feasibility Analysis Techno Economic Evaluation
Compliance Management o o o o o
Annual Compliance Periodic Filing and Returns Change in Business FERA & FEMA Listing Compliance
Business Incorporation o o o o o o o
Indian Business Incorporation International Incorporation Foreign Subsidiary / India Entry Financial Business Incorporation NGO Incorporation Joint Ventures/Speacial Purpose Vehicles Trust/ Society/ Section 8/ NGO
Environment Approvals
06
Steps to a Successful Business 07
Trademark Patent Copyright Representation & Appeal
Licence & Registration
04
o o o o o o
Labour Licences RBI Licences Drug & Cosmetics Ayush & Herbal Urban Local Body Approval Regulatory Approvals
Pollution Noc/Consent EPR Authorisation (E-waste & Plastic) Bio Medical Waste Solid Waste Hazardous Waste CGWA NOC
Financial Advisory
Intellectual Property o o o o
o o o o o o
o o o o o o o
Accounting & Book Keeping Loans & Funding VCFO Services International Accounting Credit Rating Advisory Startup Funding Project Evaluation
Transaction Support
08
o o o o
Transaction Advisory Due Diligence Mergers & Acquisition IPO & FPO
OUR APPROACH
Our processes are aimed at solving most complex business problems, reducing risk and gain a competitive advantage by achieving good governance and financial control
ASSESSING REQUIREMENTS
DEDICATED PROFESSIONAL
REGULAR UPDATES
Understanding the client’s business needs and analyzing the requirements on call or in person as the need be
We align a professional to ensure to discuss in detail the compliance requirements of your business and thorough assistance throughout the process.
We thrive to keep you apprised about the status of your application until its completion. Every development on your application is brought to your attention.
Stage 4
Stage 2
Stage 5
Stage 3
Stage 1
SIGNING OF SLA
DOCUMENTS & INFORMATION
We share the estimated expenses and a service level agreement for the requested service
Following the SLA the necessary documents and information are collected from the client
Our Presence and Growth Significant Growth in Client Base Last 3 Years
2000 + Happy Clients Across Industry Verticals Around the Globe
2020 2010 Clients
2017 813 Clients
2013
40
145 850
171 Clients
110 100
Automobile
FMCG Information Technology
400 50
Textile
Metals & Minerals
Waste Management Healthcare & Pharmaceuticals
200
400
Food & Beverages
Real Estate Energy & Natural Resources
525
900
545 75
350
Financial Services
Packaging & Printing
754
Consumer Retail
OUR PRESENSE ACROSS INDUSTRY VERTICALS around the globe
Banking & Insurance
Why Us?
CO R P Z O PROMISE
✓ We promise perfection! ✓ We promise business evolution!
✓ We ensure accuracy! ✓ We believe in business ideas! ✓ We promise OUR BEST!
Who we are We believe in empowering businesses.
Technology Based Compliance Platform Corpzo Ventures Private Limited is an initiative aimed at simplifying the business journey for startups, Corpzo encompasses a team of more than 1000 legal, finance and banking professionals, set out to assist entrepreneurs around the globe in their business quests. We believe that every business needs nourishment in its budding stages. Ensuring smooth navigation through the bumpy ride of legal compliance, financial risks is what we are good at. We understand that the journey of an entrepreneur begins with his idea of a business. We, at, Corpzo, offer a complete range of professional services and tailor-made solutions for the evolution of your business ranging from incorporation compliance, legal, financial, taxation, technology, Intellectual Property Management, Registrations, Licensing and Marketing.
We assist you in choosing the best suited mode of business, get appropriate protection for your intellectual property, attain all the relevant mandatory and voluntary registrations, approvals, permits and certifications. We also assist in managing the accounts, taxation, finance and funding aspects of your business. In essence we wish for you to concentrate on your idea while we focus on the rest for you.
Our team of experts aims at easing Compliance and incubating your business growth with maximum efficiency & minimalist timeline.
ALL YOU NEED TO DO IS CALL US AND LET US WORRY ABOUT THE REST !! IT’S THAT EASY!!
www.corpzo.com
Corpzo Ventures Private Limited
+91- 99991 39391 reach@corpzo.com
www.corpzo.com
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