About this document

NBFC Formation Procedure Overview by Ananya Chaudhary is a document available to read on EtoBox.

The document outlines the procedure and requirements for registering a non-banking financial company (NBFC) in India. It discusses the steps which include incorporation under the Companies Act, submitting various documents to the Reserve Bank of India (RBI), and complying with RBI regulations once approved. Key requirements include a minimum net worth of INR 2 crore, submitting audited financials, and that public deposits can only be taken for 12-60 months at an interest rate below the RBI ceiling. Certain

Author

Ananya Chaudhary

Language

EN