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NBFC Non-Banking Financial Companies

PRESENTED BY :- FINLAW.IN

CONTACT US:- WWW.FINLAW.IN


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What is NBFC Non-banking financial companies, or NBFCs, are financial institutions that provide banking services, but do not hold a banking license.. These institutions are not allowed to take deposits from the public. Nonetheless, all operations of these institutions are still covered under banking regulations NBFCs offer most sorts of banking services, such as loans and credit facilities, private education funding, retirement planning, trading in money markets, underwriting stocks and shares, TFCs(Term Finance Certificate) and other obligations.

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Role of NBFCs ( Development )  Funds Mobilization  Long term credit  Creates employment  Increase productive potential  Development of financial market  Raise the living standard

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In Economic


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Types of NBFC

Investment Company (IC)

The main business of these companies is to deal in securities. IC means any company which is a financial institution carrying on as its principal business the acquisition of securities,

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Asset Finance Company (AFC) AFC is a company which is a financial institution carrying on as its principal business the financing of physical assets The main motive of these companies is to finance the assets such as machines, automobiles, generators, equipment, industrial machines etc. www.finlaw.in


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Loan Companies (LC) LC company which is a financial institution carrying on as its principal business the aim to providing finance make loans and advances not for assets but for other purposes such as working capital finance etc.

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Infrastructure Finance Company (IFC) IFC non-banking finance company which required at least 75 percent of its total assets in infrastructure loans and also have a minimum Net Owned Funds of Rs. 300 crore and CRAR of 15%. www.finlaw.in


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Systemically Important Core Investment Company (CICND-SI) CIC-ND-SI is an NBFC carrying on the business of acquisition of shares and securities which satisfies the below conditions:1. It holds not less than 90% of its Total Assets in the form of investment 2. Its investments in the equity shares 3. It does not carry on any otherwww.finlaw.in financial activity referred to in Section 45I(c) and 45I(f) of the RBI act,


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Major NBFCs in India

Birla Global Finance

First Leasing Company of India

LIC Housing Finance

Sundaram Finance

CanFin Homes

Countrywide Finance

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Operation OF NBFCs  Hire Purchase Finance  Housing Finance  Investment  Loan  Equipment Leasing

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How NBFC Different From Bank 1. NBFC cannot accept demand deposits 2. NBFCs do not form part of the payment and settlement system 3. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs 4. While banks are incorporated under banking companies act, NBFC is incorporated under company act of 1956

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Procedure For NBFC Registration

Company Registration The first step is to form a new Company (Private Limited or Public Limited) under the Companies Act.

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Minimum Net Owned Fund Minimum NOF requirement of Rs 200 lakh. â–¸

Application is to be submitted in two separate sets tied up Properly in two files.

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Annex 2 to be submitted duly signed by the director/Authorized signatory and certified by statutory auditors.

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NEED OF NBFC CONSULTANT The legal complexities of NBFC formation are more complicated and without legal authority, you might be subject to fines and penalties. NBFC formation consultant is responsible to handle all the legal activities, Registration and Licensing of your Company and provide full services in regard to setting up of NBFC and other requirements needed for it.

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NBFCs the new Innovators of BFSI Industry

NBFC gained good momentum in recent times when banks were pressurised due to surging bad loans. The Non-Banking Finance Companies (NBFCs) have been silent contributors in nation-building for over eight decades now.

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About Us

FINLAW micro-finance and NBFC consultancy firm provide a full range of legal services like of NBFC registration, NBFC licensing, accounting & auditing with the help of Secretary, Advocates, and Management Consultant with a vision to provide world class Taxation, legal compliance & management consulting services all under one roof. Our team of competent professionals expertise in providing assistance for setting up of NBFC and offer various related services to our clients who do not have to make any extra efforts for the formation of NBFC. To provide viable and practical advise keeping present situation and futuristic goals of clients.


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OUR OFFICE our office

MUMBAI Satra Plaza, Office No. 1007, 10th Floor, Palm Beach Road, Plot No. 19 & 20, Sector -19D, Vashi, Navi Mumbai 400703, Maharashtra, India. TOLLFREE : 1800-30-701099 PHONE : +91-9820907711

DELHI Office no. 212, 2nd floor, B Block Naurang House, Kasturba Gandhi Marg, Near Parikrama Hotel, Connaught Place, New Delhi 110001, India


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THANKS! Any questions? You can contact us at:info@Finlaw.in +91-9820907711 1800-30-70-1099

Nbfc Formation, registration and Licensing Consultant  

FINLAW micro-finance and NBFC consultancy firm provide a full range of legal services like of NBFC registration, NBFC licensing, accounting...

Nbfc Formation, registration and Licensing Consultant  

FINLAW micro-finance and NBFC consultancy firm provide a full range of legal services like of NBFC registration, NBFC licensing, accounting...

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