Get Quote Instantly in a Minute

NBFC Compliance

₹ 19999 /-

*Professional Fees, EMI Options Available

500

Clients

10

CA/CS

4.9

Customer Rating

99.9

Customer's Satisfaction

NBFC Types
Types Of Returns
Annual Compliances
Checklist Of NBFC

Types Of NBFC Compliances

Following are the several categories of NBFC's, or non-banking financial companies, according to their liabilities and activities:

Section 8 Company Income Tax ComplianceTODAYFILINGS
NBFCs based on Liabilities
NBFC's that accept deposits.
Important Systematically (NBFC-ND-SI).
NBFC's that do not accept deposits.
Other Non-Deposit Holding Companies.
NBFCs based on Activities
Company for Investment and Credit (ICC).
The Infrastructure Finance Corporation(IFC).
Company with Core Investments of Systemic Importance (CIC)
NOFHC, an NBFC, stands for non-operative financial holding company.
Microfinance Institutions (MFIs), or NBFCs.
Non-Banking Financial Company Infrastructure Debt Fund (IDF-NBFC).

Types of NBFC Returns

Returns From NBFCs Accepting Deposits

NBS-1
For the aim of capturing financial data, such as components of assets and liabilities, profit and loss account, quarterly reports are necessary.
NBS-2
Quarterly Return in accordance with prudential standards This return's objective is to gather data for many standards, including asset classification, NOF, capital adequacy, provisioning, and others.
NBS-3
For information on statutory funds and investments in liquid states, quarterly Return on Liquid Assets and similar requirements are necessary.
NBS-4
Critical metrics are returned annually. This return is being submitted in order to record the repayment status of the rejected NBFCs that are currently taking public deposits.
NBS-6
This form must be presented as a Monthly Return on Picture to Capital Market by NBFC Deposit-taking with a value of the total assets of Rs. 100 crore or higher.
ALM Return
NBFCs that hold public deposits with amounts greater than Rs. 20 crore or assets valued at more than Rs. 100 crore are required to file these returns on a semi-annual basis.
In order to file this return, the NBFC that accepts public deposits must provide an authorized Auditor's Report and an audited balance sheet
Return related to branch details.

NBFC's Annual Compliance

In order to assure transactions for both its customers and the government with lower risk factors through disclosure of the annual statements and returns, NBFCs, or non-banking financial companies, have improved and tightened up their yearly compliance procedures.

It is required to file the yearly records and statements of capital funds using the NBFC-ND-SI (Non-Deposit category). Additionally new are the disclosure standards for capital adequacy and liquidity. The company must maintain 15% capital adequacy in accordance with the 2007 Prudential Norms Directions.

S.NoComplianceTime Limit
1.Unaudited March Monthly Return/NBS7On or before 30th June
2.Audited March Monthly ReturnUpon Completion
3.Statutory Auditors Certificate on Income and AssetsOn or before 30th June
4.Information about Cos having FDI/Foreign FundsOn or before 30th June
5.Resolution of Non-acceptance of Public DepositBefore the commencement of the new Financial year
6.Declaration of Auditors to Act as Auditors of the CompanyAnnual basis
7.File Audited Annual Balance Sheet and P&L AccountOne month from the date of sign-off

Monthly Compliances of NBFC-ND(Non-Deposit taking)

S.NoComplianceTime Limit
1.Monthly Returnby 7th of every month
2.Upload monthlyby 7th of every month

Periodical Compliances of NBFC-ND(Non-Deposit taking)

S.NoComplianceTime Limit
1.Appointment of Director(Annexure-III)within 30 days of appointment
2.Upload monthly returnwithin 30 days of appointment

Checklist For NBFC- D(Deposit-Taking)

Similar to non-deposit NBFCs, NBFC-D (Deposit Taking) institutions are dependent on deposits approved by the corporation and are also required to provide a few annual returns by non-deposit NBFC

NBS-7
Quarterly report or statement that includes data on capital funds, the risk assets ratio, the risk-weighted asset, and other topics.
NBS-2
ALM Returns are a monthly return on an important financial metric for the business or NBFCs.
ALM Returns
A monthly short-term dynamic liquidity statement in NBS-ALM-1 format.
Semi-Annual Statement of Structural Liquidity in NBS-ALM2 Format.
Semi-Annual Statement of Interest Rate Sensitivity in NBS-ALM-3 Format.
Branch Information Return
Quarterly performance on important financial metrics for non-deposit taking NBFCs with assets worth more than 50 crore rupees but less than 100 crore rupees.
Non-deposit taking NBFCs with assets between Rs. 50 crore and Rs. 100 crore are needed to report or file the following quarterly the name of the company, Net Owned Fund, address, and profit and loss for the last three years.
Checklist for NBFC Compliance RegistrationTODAYFILINGS

Looking for Professional Guidance?

Google Reviews

99% of our valuable Customers are giving high rating in Google.

TODAYFILINGS - Legal Services

Turn Around Time

99% of services will be delivered within timeline

TODAYFILINGS - ITR Filing Assistance
TODAYFILINGS - Launch and Run a Startup service

Reasonable

Service at an affordable price with excellent service delivery

TODAYFILINGS - Government Registration Services

300+ Services

Relax at home, we take care of Tax/Compliance

TODAYFILINGS

Tax and GST Filing Service

One of the best Fast and Secure Online Tax Filing Service in Hosur

Call To Action
Todayfilings

Frequently Asked Questions

In order to raise money, NBFC's typically take money from banks or sell company papers or paperwork to shared assets. The corporation will then lend these cash to small and medium-sized businesses, retail customers, etc.

While LIC of India is an NBFC, banks are BFCs, or banking and financial companies. While LIC offers a life insurance cover to the beneficiaries, the bank mostly deals with issues related to lending and depositing money.

The term "NBFC," or "Non-Banking Financial Companies," refers to non-banking financial institutions that serve rural areas in ways similar to rural banks. MFIs are miniature scale account establishments that operate at a lower level than NBFC's and offer small loans to the general public or rural population.

Loans and credit facilities, retirement underwriting, planning, currency exchange, money markets, and merging business activities are all services that NBFC's can offer.

The Reserve Bank of India (RBI) oversees and controls every aspect of NBFC operations within the parameters of the Reserve Bank of India Act, 1934.

Testimonials

Test1

Best Tax Consultancy service in Hosur,excellent customers service with affordable price range for each and every services.

Baskar

Test1

One of the best online tax filing service providers i ever seen,with best customer support for the all types of tax and legal consultancy.

Arun

Test1

TODAYFILINGS is the top most success rated tax filing service,also online legal consultancy and live video call options for the e-filing service.

Vijay

Test1

Best Tax Consultancy service in Hosur,excellent customers service with affordable price range for each and every services.

Baskar

Test1

One of the best online tax filing service providers i ever seen,with best customer support for the all types of tax and legal consultancy.

Arun

Test1

TODAYFILINGS is the top most success rated tax filing service,also online legal consultancy and live video call options for the e-filing service.

Vijay

Test1

Best Tax Consultancy service in Hosur,excellent customers service with affordable price range for each and every services.

Baskar

Test1

One of the best online tax filing service providers i ever seen,with best customer support for the all types of tax and legal consultancy.

Arun

Test1

TODAYFILINGS is the top most success rated tax filing service,also online legal consultancy and live video call options for the e-filing service.

Vijay

whatsapp
X
Advertisement