NBFC Company Registration

NBFC Company Registration in India

An NBFC plays in the financial space without holding a banking licence. It can lend, invest, provide credit, offer finance-based products, or support fintech models. But entering this sector requires RBI authorisation, capital adequacy, fit-and-proper promoters, compliance systems, and ongoing reporting.

We help founders, corporates, and investors navigate the NBFC licensing process from structuring to final RBI approval.

What We Assist With

Pre-Registration Planning

• Business model evaluation

• Checking regulatory classification and asset-type fit

• Promoter eligibility and risk review

• NOF calculation and capital planning

Entity Formation

• Incorporation of the company

• Drafting MoA and AoA aligned with financial activities

• Setting up governance and board structure

RBI Registration

• Preparation of application and annexures

• Uploading documents on RBI COSMOS portal

• Business plan, financial projections, and policy drafting

• Liaising with RBI and AD Bank until approval

Post-License Support

• Compliance calendar design

• Regulatory reporting assistance

• Internal audit and policy framework setup

Eligibility Criteria

• Company incorporated in India (usually private or public limited)

• Minimum Net Owned Fund currently prescribed by RBI (₹10 crore for fresh applications)

• Promoters and directors must be financially sound and fit-and-proper

• Clear business plan, robust risk, KYC and compliance framework

• No criminal, financial fraud, or default history

Key Documents Required

• COI, MoA, AoA, PAN, CIN

• Net worth certificates of promoters and company

• KYC, credit reports, and profiles of directors

• Detailed business plan and projections

• Organisational chart, policy drafts, system framework

• Bank statements, funding proof, NOF computation

• Board resolution for NBFC registration

Timeline

• Company incorporation: 7–12 days

• RBI application drafting: 3–6 weeks

• RBI review & approval: varies based on model, documents, responses

(Actual timelines depend on business complexity and RBI query cycle.)

Why Businesses Choose an NBFC Structure

• Access to lending and financial services market

• Ideal for fintech, consumer lending, secured/unsecured loans

• Ability to raise debt and equity capital

• Scalable and regulated financial framework

• Higher market credibility and investor comfort