What is NBFC Registration?

NBFC registration experts discussing finance planning.
NBFC registration simplified! Start your financial services legally with Legal Dalal

NBFC registration is the process wherein a business organization can involve itself to become an Indian non-banking financial company. NBFC registration enables firms to provide financial services such as loans, leasing, hire purchase, etc., without being considered a bank. Reserve Bank of India (RBI) specifies that NBFC registration is a step that ensures your firm works according to legal rules and provides necessary financial services as per law.

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    Why go to Legal Dalal NBFC registration?

    •  Professional Assistance at Every Step: Our professionals will assist you through the process from applying for NBFC license to completing all the compliance formalities. We ensure you know every step and deal with all documents with ease.
    •  Easy and Simple Online Process: We offer an easy online process for NBFC registration, which saves your time and effort. You can track your application status and complete all the steps remotely with less paperwork. 
    • Transparency in Pricing – No Hidden Charges: We offer transparent pricing from the start with no hidden charges. Our service is cost-effective without any compromise on quality or compliance. 
    • Flat Fee Rate That Makes Sense: No billable hour, no hidden fees—only straightforward, clear pricing for your business needs.
    • Fast Implementation: We move quickly on document preparation, filing, and follow-ups—all while keeping you informed at each step

    Our Process to Register NPFC

    Expert Consultation

    We are aware of your business plan and goals, and we recommend the most suitable NBFC for you.

    Arrangement of Capital & Documentation

    We help you mobilize at least ₹2 Cr of share capital, ready with all papers and in the right form.

    Company Incorporation

    We facilitate registration of a Private Limited Company with a NBFC-suited name and type.

    RBI Application Submission

    Our professionals complete and submit your online RBI application through the COSMOS portal as per each step of the guidelines.

    Questionnaire and Clarification

    We tread the finest lines with caution to answer any RBI question or clarify documents until the point where your application will be approved.

    Final Acceptance & NBFC License

    The day your Official NBFC Registration Certificate gets approved by RBI and you are officially free to begin operations from any corner of India.

    Advantages of NBFC Registration

    • Legal Protection and Identification:  Being registered as an NBFC under guidelines of the RBI means that your company is duly recognized and adhering to country financial laws. Not only provides this a proper legal framework, but it also guards your firm from potential legal concerns.
    • Availability of Financial Services and Credit: Registered NBFCs are able to provide a range of financial products such as loans, investment products, and asset management that will drive your clients and business activity.
    • Market Credibility: NBFC registration provides your company with credibility since you can acquire access to investors, customers, and partners who honor official acceptance by the RBI.

    How to Register a NBFC Company

    • Initial Consultation: We start by understanding your business model and goals so that NBFC registration is the right option for you.
    • Preparation of Documents: We gather all the documents required, such as identity proof, address proof, financial statements, and other similar details.
    • Filing of Application: After we have all the documents ready, we submit your application to the Reserve Bank of India (RBI) for approval.
    • RBI Verification: RBI will examine your application and authenticate your details provided. Any follow-up, if required, in this matter is taken care of by us.
    • License Issuance: Your NBFC registration will be made available to you after RBI approval so that you can offer financial services legally.

    Documents Required for NBFC Registration

    • Identification and proof of residence of director and shareholders
    • Business plan and projections of finances
    • Articles of Association (AoA) and Memorandum of Association (MoA)
    • Evidence of office address
    • Financial statements, if applicable
    • Shareholding structure and capital adequacy details
    • Other documents as may be notified by RBI

    Why Should You Select Legal Dalal For NBFC Registration?

    NBFC Registration with Legal Dalal is simple. Here’s the step-via-step process:
    Trained Experts: Our 12-15 trained legal experts have years of experience in NBFC law and RBI regulations to facilitate greater knowledge and implementation

    End-to-End Solutions: From NBFC registration to monthly compliances, we do it all.

    Pan India Presence: Whether Maharashtra, Karnataka, Delhi, or any other state, we have you covered.
    Timely and Reasonable: We offer speedy processing without extra charges, making us a cost-effective solution for your business requirements.

    FAQs

    It takes 3 to 6 months for RBI approval, subject to the type of application.
    Yes, once registered, an NBFC can provide loans, hire purchase, leasing, and investment services as per its approved activities.
    Yes, RBI registration is mandatory for all NBFCs to operate legally in India.
    The minimum capital required to start an NBFC is ₹2 crore as per RBI guidelines. This provides the organization with strength financially and enables it to offer services.
    Once they get themselves registered, an NBFC will need to adhere to a bunch of RBI compliances, which include having capital adequacy in place, quarterly annual reporting, getting audited from time to time, and complying with the KYC policy.

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