NBFC License | NBFC Registration Fees | NBFC License Process | NBFC Registration Process 

NBFC License | NBFC Registration Fees | NBFC License Process | NBFC Registration Process | NBFC Registration | NBFC Registration Procedure In India In Hindi | NBFC Registration Procedure in India | NBFC License Requirements
00:00 Introduction
00:48 What is NBFC?
02:17 Exception in NBFC
02:32 Purpose Of NBFC
03:45 Benefits Of NBFC
04:59 How can we help you?
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 which engages in the business of
• Loans and advances
• Acquisition of shares, stocks, bonds, debentures, and securities issued by the Government or a local authority or other related marketable securities
• Leasing
• Hiring-purchasing
• Insurance business
• Chit businesses
An NBFC does not include any institution whose principal business involves any agriculture or industrial activities, purchase or sale of any goods (other than securities), or providing any services and sale/purchase/construction of any immovable property.
RBI NBFC License India Requirements
The applicant must be an incorporated company under the Companies Act, 1956 and desirous of commencing the business of a non-banking financial institution as defined in the RBI Act of 1934 should comply with the following:
• It should be a company registered under Section 3 of the Companies Act of 1956.
• It should have a minimum net-owned fund of ₹ 2 crores.
RBI NBFC Registration Procedure In India
NBFC Registration Process
The applicant company can initiate the RBI NBFC license process in the following manner:
• File the application online and submit a physical copy of the application along with the required documents to the Regional Office of the Reserve Bank of India.
• The application can be submitted online by accessing RBI's website- cosmos.rbi.org.in. The company can click "CLICK" for Company Registration on the COSMOS application's login page. A window showing the Excel application form available for download will be displayed.
• The company can then download its preferred application form (i.e., NBFC or SC/RC) from the above website, enter the data, and upload the application form. In addition, the company may note to indicate the correct name of the Regional Office in the Excel application form.
• The company would then get a Company Application Reference Number for the online CoR (Certificate of Registration) application. After that, the company has to submit the hard copy of the application form (indicating the online Company Application Reference Number, along with the supporting documents, to the concerned Regional Office).
• The company can regularly check the application status from the above-mentioned secure website by keying in the acknowledgment number.
NBFC Registration fee
The required processing fee for the NBFC registration of a license is approximately Rs. 3,50,000 to register a company as NBFC with a Net Owned Fund of Rs. 2 crores. If you opt for the professional expertise of an NBFC consultant, you have to pay 10-12 lakhs rupees. Therefore, the total expenditure for you to start an NBFC license application could amount to Rs. 15-16 lakhs.
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