Credit Rating agencies such as CIBIL, ICRA, Equifax and Experian
Central-KYC
FIU-ND
CERSAI Registration
Registration under Anti-Money Laundering Act
Adoption of fair practice code.
KYC of All Shareholders and Directors
Business Profile of shareholders and Directors
FD Certificate Receipt
Bankers Report
Net Worth Certificates
Credit Rating Reports
Educational Qualification Certificates
Experience Certificates
Telephone or mobile bill/electricity or gas bill
Notarized rental agreement
No-objection certificate from the property owner
Sale deed/property deed in English
NOC - No Objection Certificate from the Owner of the Property
The Net owned fund of NBFC-ICC (Investment Credit Company) must be more than Rs. 2 Crores over the life of the NBFC unless otherwise prescribed the RBI.
Shareholders should introduce own 2 crores as share capital, However shareholders can give or take gifts from Close relatives or Spouse
It shall mandatorily hold Net owned funds of INR 2 crores at the time of registration and at all times thereafter. However, you can use the minimum capital for the lending or investment purpose.
The Applicant will require to produce the Proof of tax payment against the capital invested in the NBFC.
RBI Conducts quality of capital test and ensure that Capital invested by the shareholders are free from any possible defects or non-compliance with Indian or international laws.
RBI Only recognize and Approves NBFC Registration or takeover from FATF Member Country Investment in India
The NBFC is primarily engaged in the business of providing loans and advances, acquisition of shares and stocks and other investible securities. RBI grants license to the NBFCs to carry out the business of providing various kinds of loans such as Personal Loans, Asset Financing, SME Lending, Gold Loans, Loan against Property, Loan against Shares, Short term Personal Loans, etc.