We are best consultant providing NBFC company registration in Patna Bihar. We provide Online NBFC company registration services in Patna, Bihar. NBFC (Non Banking Financial Company) is type of financial institution. NBFC is engaged in financial services. NBFC is regulating by RBI (Reserve Bank of India). We will give you all information about NBFC in this article in brief.
NBFC means Non Banking Financial Company. NBFC is registered under Companies Act, 2013 that is engaged in business of banking and other lending services, but it is not a Bank. It is excluding from legal definition of Banks. NBFC activities include loans, advances, receiving deposits, acquisition of shares, hire purchase, insurance business etc. But NBFC cannot accept demand deposits and NBFC not covered by the deposits Insurance. The Reserve Bank of India regulates and supervises all Non Banking Financial Institutions. Every NBFC has to obtain certificate of business commencement from RBI under RBI Act. Without NBFC license issued by RBI NBFC cannot start their Business. Within 90-120 days NBFC license is must obtained by all NBFCS from RBI. Types of NBFC in India,
>> Loan Company.
>> Investment Company.
>> Assets Finance Company.
>> Micro Finance Company.
>> Housing Finance Company, etc
For incorporation of NBFC company minimum capital required is INR 2 Crores net owned fund. The net owned fund means paid up capital of company, free reserve, and balance in share premium account and capital reserve. Net owned fund would be calculated from last audited balance sheet.
Procedure of NBFC Registration
- Incorporate a company under companies act, 2013.
- Submit all documents with RBI portal.
- Company having minimum net owned fund INR 2cr.
- Submit hard copy of application form with all documents in RBI office.
- License issued by RBI.
Documents Required for NBFC Company Registration
- Incorporation documents of company i.e. Incorporation certificate, MOA,AOA
- All information about management.
- Copy of pan card of company.
- Directors all documents.
- Profit and loss and balance sheet, if any.
- All other documents demanded by RBI.
NBFC (Non Banking Finance Company) is incorporated under companies act, 2013 but governed by Reserve bank of India. All NBFCS have to register with RBI. NBFC after getting Certificate of commencement of business accept deposits from public. We will do your work. You pay our fee online.