NBFC Registration Services in India – A Complete Guide
Starting a Non-Banking Financial Company (NBFC) in India is a powerful way to enter the financial services sector. NBFCs play a crucial role in providing loans, advances, asset financing, investments, and other financial products—especially where traditional banks have limited reach. However, NBFC registration is a regulated and detail-oriented process that requires expert handling.
That’s where professional NBFC Registration Services make all the difference.
What is an NBFC?
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013, engaged in financial activities such as:
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Loans and advances
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Asset financing
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Investment in securities
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Leasing and hire-purchase
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Microfinance and consumer finance
NBFCs are regulated by the Reserve Bank of India (RBI) and must comply with strict regulatory norms.
Types of NBFCs in India
Depending on your business model, you can register under different NBFC categories, such as:
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NBFC – Investment and Credit Company (NBFC-ICC)
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NBFC – Micro Finance Institution (NBFC-MFI)
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NBFC – Asset Finance Company (NBFC-AFC)
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NBFC – Housing Finance Company (HFC)
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NBFC – Account Aggregator (AA)
Choosing the right category at the start is critical for approval.
Minimum Requirements for NBFC Registration
To apply for NBFC registration, the following key conditions must be met:
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Company Type: Private Limited or Public Limited Company
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Minimum Net Owned Fund (NOF): ₹2 Crore
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Clean Financial Records: Transparent source of funds
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Qualified Management: Directors with finance or business experience
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Robust Business Plan: Clear financial model and projections
NBFC Registration Process
The NBFC registration process involves both company incorporation and RBI approval:
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Company Incorporation under Companies Act
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Capital Infusion to meet NOF requirement
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Preparation of Documents (business plan, policies, declarations)
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Online Application Filing on RBI portal (COSMOS)
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Submission of Physical Documents to RBI
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RBI Scrutiny & Clarifications
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Grant of Certificate of Registration (CoR)
The entire process usually takes 4–6 months, depending on compliance and RBI review.
Documents Required for NBFC Registration
Some essential documents include:
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Certificate of Incorporation
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Memorandum & Articles of Association
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Director KYC & experience profiles
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Bank statements and net worth certificates
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Detailed business plan and financial projections
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Board resolutions and declarations
Any error or mismatch can delay approval—professional assistance is highly recommended.
Why Choose Professional NBFC Registration Services?
NBFC registration is not just about filing forms; it’s about strategic compliance. Expert consultants help you with:
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Correct NBFC classification
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End-to-end documentation support
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RBI-compliant business plan & policies
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Liaison with RBI authorities
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Faster approvals with minimal queries
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Post-registration compliance guidance
This saves time, cost, and regulatory risk.
Post-Registration Compliance
After registration, NBFCs must comply with ongoing RBI regulations such as:
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Periodic RBI returns
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Statutory audits
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Fair Practices Code
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KYC & AML compliance
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Capital adequacy norms
Professional support ensures your NBFC remains compliant and operationally smooth.
Conclusion
NBFC registration opens the door to immense opportunities in India’s growing financial ecosystem—but only when done right. With expert NBFC Registration Services, you can avoid costly delays, meet RBI expectations, and launch your financial business with confidence.
If you’re planning to start an NBFC, getting professional guidance from day one is not an option—it’s a necessity. 🚀