How Long Does NBFC Registration Take?

 

Registering a Non-Banking Financial Company (NBFC) in India is a comprehensive process that involves regulatory compliance and approval from the Reserve Bank of India (RBI). While the process is vital for businesses looking to operate in the financial sector, understanding the timeline and steps involved can help ensure smooth and timely registration. ASC Group, with over 25 years of experience, provides expert NBFC registration services pan-India, including in Delhi, Gurugram, Noida, and Mumbai.

Overview of NBFC Registration

An Non-Banking Financial Company NBFC is a financial institution that performs banking-like activities, such as lending and investment, without holding a banking license. NBFCs cater to a wide range of sectors, including retail, infrastructure, and micro, small, and medium enterprises (MSMEs). However, unlike banks, they cannot accept demand deposits like savings or current accounts.

To legally operate as an NBFC, companies must register with the RBI and meet all regulatory requirements.



Factors Influencing the NBFC Registration Timeline

The time required for NBFC registration depends on several factors, including:

  1. Document Preparation and Verification

    • Gathering and organizing the necessary documents is the first step. This includes the Certificate of Incorporation, Memorandum of Association (MOA), Articles of Association (AOA), KYC documents, financial statements, and a detailed business plan.
    • Proper verification of these documents ensures the application is complete and avoids delays.

  2. Submission of Application to the RBI

    • The application is submitted online through the RBI’s COSMOS portal.
    • Once submitted, a physical copy of the application and supporting documents must be sent to the RBI office.

  3. RBI Scrutiny and Approval

    • The RBI thoroughly evaluates the company’s financial health, business model, and adherence to regulatory requirements.
    • The scrutiny process is rigorous to ensure only credible companies are granted the NBFC license.

  4. Regulatory Compliance

    • Companies must meet the minimum net-owned fund (NOF) requirement of ₹2 crore.
    • They must also adhere to other prerequisites, such as appointing qualified directors and demonstrating a clear and sustainable business model.


Estimated Time for NBFC Registration

Typically, the NBFC registration process takes 90 to 120 days from the date of application submission. However, this duration can vary based on factors like:

  • Completeness and accuracy of the submitted documents.
  • Company’s compliance with eligibility criteria.
  • Timeliness of responses to queries from the RBI during the scrutiny phase.

How ASC Group Simplifies NBFC Registration

ASC Group specializes in end-to-end NBFC registration services, ensuring a seamless process for businesses across India. Here’s how we can assist:

  1. Expert Guidance
    Our team of professionals ensures your application is accurate and complies with all RBI regulations.

  2. Comprehensive Support
    From document preparation to final approval, we handle every step of the process.

  3. Pan-India Services
    We provide NBFC registration services in major cities like Delhi, Gurugram, Noida, and Mumbai, making our expertise accessible nationwide.

  4. 24/7 Availability
    Our team is available round-the-clock to address your queries and provide updates. Call us anytime at 9999043311 for assistance.

Steps to Register an NBFC with ASC Group

  1. Initial Consultation
    Discuss your business requirements and goals with our experts.

  2. Document Preparation
    We help you gather and verify all necessary documents to ensure a complete application.

  3. Application Submission
    Our team submits the application to the RBI, both online and in physical form, while ensuring compliance with all guidelines.

  4. RBI Scrutiny and Approval
    We provide support during the scrutiny phase, addressing any queries or requirements from the RBI.

Conclusion

The process of registering an Non-Banking Financial Company NBFC requires meticulous planning and compliance with RBI guidelines. While the timeline may seem lengthy, partnering with a reliable consultancy like ASC Group can streamline the process and minimize delays.

Contact us today at 9999043311 for expert NBFC registration services across India. With ASC Group, you can focus on building your financial enterprise while we handle the complexities of registration.

Choose ASC Group for hassle-free NBFC registration—your trusted partner in compliance!

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