NBFC Compliance Calendar

An NBFC doesn’t stay compliant by accident. RBI returns, MCA filings, tax deadlines, board meetings, KYC obligations, and policy updates all run on different timelines. A clear calendar keeps everything on track—no scrambling, no penalties.

This framework helps NBFCs plan the year with confidence.

Monthly Compliance

• Monitor NOF, capital adequacy, provisioning

• Review NPAs and overdue accounts

• Update MIS, risk, and exception reports

• Reconcile loan portfolio and customer documentation

• Timely GST and TDS payments, if applicable

• Review outsourcing, IT, and grievance redressal logs

Quarterly Compliance

• Board meeting and committee review (Audit/Risk/NRC)

• RBI NBS returns/other supervisory filings

• Review credit, KYC/AML, Fair Practice compliance

• Portfolio stress testing and exposure monitoring

• Internal audit reporting and action tracking

• Filing of TDS returns (if applicable)

Half-Yearly Compliance

• MSME Form (if applicable)

• Policy review and updates based on latest RBI circulars

• Related party transaction reporting and board disclosures

• Review of outsourcing and vendor compliance

Annual Compliance

RBI

• Annual NBS return and auditor certificates

• Updated policy adoption: KYC/AML, credit, risk, grievance, outsourcing, IT

• Fit and proper declarations from directors

• Updated Fair Practice Code disclosures

MCA/ROC

• AGM within statutory timelines

• AOC-4 filing (financial statements)

• MGT-7/MGT-7A filing (annual return)

• DIR-3 KYC of directors

• ADT-1 for auditor appointment/continuation

• Event-based filings as required

Tax

• Statutory audit and financial closure

• Income tax return filing

• TDS and GST annual compliances (if applicable)

Governance

• Annual board evaluation and declarations

• Independence, conflict-of-interest and D&O disclosures

• Review of compliance calendar and risk framework

Event-Based Compliance (As Needed)

• Change in directors, KMP, or shareholding

• Capital infusion or reduction

• New lending products or business model changes

• Mergers, acquisitions, restructuring

• Significant outsourcing or tech vendor onboarding

• RBI notices, clarifications, inspections

These usually have 7–30 day filing windows.

Why an NBFC Compliance Calendar Helps

• Predictable workload and documentation

• Avoids late fees, compounding, or enforcement action

• Keeps teams ready for RBI inspections

• Builds investor, bank, and credit bureau trust

• Supports sustainable portfolio growth