NBFC Compliance

Description

NBFC Compliance ? Service Page Content

?? What You Will Get

When you take the NBFC Compliance service, you will get:

• Certificate of Registration (CoR) or renewal assistance with the RBI

• Regular filing of statutory returns (monthly, quarterly, half-yearly, annual) as required by RBI norms

• Prudential norms compliance: maintaining minimum net owned funds (NOF), capital adequacy, asset classification & provisioning norms

• Submission of statutory auditor?s certificates verifying financial and operational compliance

• Establishment or review of Fair Practices Code and Grievance Redressal mechanism

• Anti-Money Laundering (AML) / Know Your Customer (KYC) compliance set up and audit

• Corporate governance compliance: Board structure, independent director norms, risk management committees etc.

• Asset-Liability Management (ALM) reporting (where applicable) to assess liquidity / maturity mismatches

• Assistance in maintaining statutory registers, audit trails and documentation for inspections

• Alerts & notifications for critical compliance dates (returns, audit, filings etc.)

?? Process / Timeline

Here?s how the NBFC compliance service works; approximate timeline:

?? Documents & Information Required

You should provide:

• Past financial statements, balance sheets, profit & loss accounts

• Details of promoters / directors (identity, address proofs, contact info)

• KYC / AML policy documents & customer onboarding data

• Internal governance policies: Board / audit committee / risk management structure

• Registered office address proof, lease / ownership documents

• Asset-liability data: loan book, exposure, liquidity positions

• Information about previous filings or auditor certificates (if any)

?? Benefits of NBFC Compliance

• Avoid penalties, fines or restrictions imposed by RBI or other regulators

• Maintain legal standing & licence to operate without disruptions

• Build trust with customers, investors, and partners by operating transparently & ethically

• Reduce risks of fraud, default, or regulatory nonconformity through good internal control systems

• Improve ability to raise funds / borrow, as compliance record enhances credibility

• Ensure business continuity and avoid licence cancellation or suspension