NBFC Registration

NBFC - Non-banking Financial Company Registration

An important part of Indian financial system, NBFCs are incorporated under the Companies Act, 1956 and should have a minimum NOF (net owned fund) of Rs 2 crore. The operations of NBFCs are regulated by the directions issued by the Reserve Bank of India Act, 1934. Engaged in the acquisition of shares/stocks/securities/bonds/securities and business of loans and advances; NBFCs are recognized for simplified procedures, customer oriented services, attractive rates, and flexibility. A non-banking financial company can commence operations only after obtaining a "Certificate of Registration" from RBI.

Types of NBFCs:

  • Asset Finance Company (AFC)
  • Investment Company (IC):
  • Loan Company (LC):
  • Infrastructure Finance Company (IFC):
  • Mutual Benefit Finance Company:
  • Chit Fund Company:
  • Asset Finance Company (AFC): An AFC is involved in the financing of physical assets such as tractors, automobiles, material handling equipment, industrial machines and equipment supporting productive/economic activity.

    Investment Company (IC): Financial institution whose principle business is the acquisition of securities and has only a fixed amount of share capital.

    Loan Company (LC): Institutions providing finance in the form of loans, advances, or otherwise. These companies obtain funds by taking deposits from the public and give loans to small scale traders.

    Infrastructure Finance Company (IFC):NBFC with NOF of INR 300 Crore, 'A' or equivalent credit rating, CRAR of 15%, and 75% in infrastructure loans.

    Mutual Benefit Finance Company:These companies give a loan to their members and main sources of funds are share capital, member deposits, and public deposits.

    Chit Fund Company:Governed by states, these companies collect deposits from members on a periodic basis and distribute these funds as prizes amongst them. The members enter into an agreement with chit company to subscribe for a definite period.

Procedure for Registration of NBFCs in India

-> Acquire Digital Signature and DIN for Directors

-> Application for name approval

-> Affidavit by directors to fulfill RBI compliance

-> Prepare MOA & AOA

-> Fill and upload Form INC-7, INC-22 and DIR-12

-> Get Certificate of incorporation from MCA office.

-> Deposit Net owned fund in the bank account opened for company

-> Apply for registration with RBI under RBI Act, 1934


CORPORATE CAPITAL VENTURES (CCV) provides complete assistance for registration and incorporation of all types of Non-banking financial companies.