NBFC Registration

Choosing GTCS for NBFC (Non-Banking Financial Company) registration offers several advantages and benefits tailored to meet your financial services business needs and regulatory requirements. Here’s why GTCS is the ideal partner for establishing your NBFC:

Expertise and Experience

GTCS boasts a team of seasoned professionals with extensive experience in company registration services, including NBFC registration. With our expertise, we understand the intricacies of setting up an NBFC and can guide you through the complex regulatory process efficiently.

Comprehensive Services

Beyond NBFC registration, GTCS offers a comprehensive suite of services including legal compliance, market research, financial advisory, and more. This holistic approach ensures that all your business needs are addressed under one roof, saving you time and effort.

Understanding of Financial Services Industry

GTCS has a deep understanding of the financial services industry, including banking, insurance, capital markets, and non-banking financial services. We stay abreast of regulatory changes and industry trends, enabling us to provide valuable insights and strategic guidance to our clients.

Tailored Solutions

We understand that every NBFC has unique business goals and requirements. GTCS provides personalized attention to each client, tailoring our services to meet your specific needs and preferences. Whether you're focusing on lending, investment, asset management, or other financial services, we have the expertise to assist you.

Transparent and Fair Pricing

At GTCS, transparency and fairness are at the core of our ethos. Our services are competitively priced with no hidden fees, ensuring that you receive excellent value for your investment. We provide upfront pricing quotes and clearly outline all costs involved in the NBFC registration process.

Legal Compliance

NBFCs are subject to stringent regulatory requirements under the Reserve Bank of India (RBI) and other relevant laws. GTCS ensures that your NBFC complies with all legal and regulatory obligations, including obtaining necessary approvals from regulatory authorities and maintaining ongoing compliance.

Timely Execution

GTCS is committed to delivering prompt and efficient services. We understand the importance of timely execution and strive to complete the NBFC registration process within the stipulated timeframe. Our streamlined processes and attention to detail ensure minimal delays and a smooth experience for our clients.

Customer Satisfaction

At GTCS, customer satisfaction is our top priority. We take pride in delivering high-quality services that exceed our clients' expectations. Our dedicated team is always available to address your questions and concerns, providing ongoing support and assistance throughout the NBFC registration journey.

Pricing

Basic

65999

Our Basic package is perfect for clients looking for essential services tailored to meet their specific needs. With this package, you'll receive comprehensive assistance and support to address fundamental requirements efficiently and effectively.

Basic Express

75999

For those seeking quick and reliable solutions without compromising on quality, our Basic Express package is the ideal choice. With expedited processing and swift delivery, this package ensures that your needs are met promptly while maintaining attention to detail and accuracy.

Advance

95999

Step up to our Advance package for enhanced features and personalized attention. This package is designed for clients seeking a broader range of services and comprehensive support to meet their more complex requirements. Benefit from our expertise and guidance every step of the way.

Advance Express

109999

Combining the benefits of our Advance package with expedited processing, our Advance Express package is the ultimate solution for clients who require rapid results without sacrificing excellence. Receive top-notch service with quick turnaround times, ensuring your needs are met efficiently and effectively.

Six Key Essential Steps to Achieve Success

01

Client Inquiry

Potential clients reach out to the consultancy seeking registration and certification services, initiating the process.

02

Initial Consultation

A comprehensive meeting is conducted by our Executive to understand the client’s requirements, discussing the necessary certification type and compliance standards.

03

Quotation and Agreement

Following the consultation, a detailed quotation is provided, outlining the services and associated costs. Upon agreement, a formal contract is signed between the company and the client.

04

Document Submission and Review

Clients submit essential documents and information required for the registration and certification processes, meticulously reviewed by our team for completeness and accuracy.

05

Pre-Assessment (Optional) and Audit Planning

An optional pre-assessment may be conducted to evaluate the client’s readiness, identifying any gaps. Subsequently, the company plans the certification audit, scheduling dates and assigning auditors.

06

On-Site Audit and Certification Decision

Auditors perform on-site assessments to verify compliance with relevant standards or regulations, documenting findings. Following the audit, the company evaluates results to determine certification eligibility, issuing it upon compliance.

Frequently Asked Questions (FAQs)

What is an NBFC?

A Non-Banking Financial Company (NBFC) is a financial institution that offers financial services similar to banks but does not hold a banking license. NBFCs engage in activities such as lending, investment, asset finance, and other financial intermediation activities.

Who can register as an NBFC?

Any entity meeting the eligibility criteria specified by the Reserve Bank of India (RBI) can register as an NBFC. Typically, companies, partnerships, and limited liability partnerships (LLPs) with the necessary capital, management expertise, and infrastructure can apply for NBFC registration.

What are the different types of NBFCs?

NBFCs are classified into various types based on their principal business activities. Some common types of NBFCs include:
- Asset Finance Company (AFC)
- Investment Company (IC)
- Loan Company (LC)
- Infrastructure Finance Company (IFC)
- Microfinance Institution (MFI)
- Housing Finance Company (HFC)
- Non-Deposit Taking Systemically Important NBFC (NBFC-ND-SI)
- Deposit Taking NBFC (NBFC-D)

What are the eligibility criteria for NBFC registration?

The eligibility criteria for NBFC registration vary depending on the type of NBFC and regulatory requirements set forth by the RBI. However, common eligibility criteria include minimum net owned funds, fit and proper criteria for promoters and directors, track record, governance standards, and compliance with anti-money laundering (AML) and know your customer (KYC) norms.

What is the process for NBFC registration?

The process for NBFC registration involves several steps, including:
- Incorporation of the company or partnership entity with the Registrar of Companies (ROC).
- Submission of the application for NBFC registration to the RBI through the online portal or physical submission.
- Verification of documents and scrutiny of the application by the RBI.
- Inspection of the registered office premises and assessment of the applicant’s suitability for NBFC registration.
- Grant of the Certificate of Registration (CoR) by the RBI upon satisfaction of all regulatory requirements.

What are the regulatory requirements for NBFCs?

NBFCs are subject to stringent regulatory requirements prescribed by the RBI, including capital adequacy norms, prudential norms, lending norms, corporate governance standards, reporting requirements, and compliance with anti-money laundering (AML) and know your customer (KYC) norms. NBFCs must also adhere to regulations pertaining to interest rates, asset classification, and provisioning.

What are the ongoing compliance requirements for NBFCs?

NBFCs are required to comply with various ongoing regulatory requirements, including filing of periodic returns, submission of financial statements and other reports to the RBI, maintenance of proper books of accounts, compliance with prudential norms, and adherence to statutory requirements such as tax filings, audit, and corporate governance standards.

Can an NBFC accept deposits from the public?

Only certain categories of NBFCs, known as Deposit Taking NBFCs (NBFC-D), are allowed to accept deposits from the public. NBFC-Ds are subject to additional regulatory requirements and supervision by the RBI, including minimum capital adequacy norms, maintenance of liquid assets, and compliance with deposit acceptance and repayment regulations.