Loan from NBFCs
Borrowing from banks or NBFCs requires more than an application form. We help businesses prepare financial packs, lender discussions, documentation, and follow-up through the sanction process.
Types of NBFC in India
By nature of the activity, they undertake, NBFCs can be categorized into the following:
- Asset Finance Company
- Investment Company
- Loan Company
- Infrastructure Finance Company
- Core Investment Company
- Micro Finance Company
- Mortgage Guarantee Company
- Housing Finance Company
By deposits they hold, NBFCs can be further classified into two categories:
- Deposit accepting NBFCs
- Non-Deposit accepting NBFCs
NBFCs can be further classified into following two categories - by size or minimum capital requirement for NBFC:
- Systematically Important NBFCs
- Non Deposit Holding NBFCs
Services Offered
- Incorporation and Registration of NBFCs
- Assisting is setting up the business – preparation of SOP, Credit Underwriting Mechanism etc.
- Business Strategic Advisory
- Product based Advisory
- Legal, Regulatory, Accounting and Taxation Advisory
- Company secretarial assistance
- Structuring of financial instruments
- Drafting of business documents
- Entity Due Diligence
- Training and Capacity Building
Documents required for NBFC Registration
Before filing your application for NBFC Registration:
- Certified copy of Certificate of Incorporation issued by the registrar of companies
- Extract of the main object clause in the MOA clearly depicting the financial business
- The Audited balance sheet and Profit & Loss account along with directors & auditors report for the entire period of company's existence, or for last three years, whichever is less
- Copy of the certificate of Director's highest educational and professional qualification
- Copy of Director's experience certificate in the Financial Services Sector (including Banking Sector)
- Bankers report depicting details of deposits and loans balances as on the date of application and the conduct of the account
Activities before getting registration from RBI:
- Any NBFC activity
- Accepting any public deposit