Get NBFC Registration in India Online
Ready to get your NBFC License by Reserve Bank of India?
- Name Approval + COI + PAN + TAN + DSC + DIN
- License Issuance by Reserve Bank of India
- 100% Guaranteed Approval by Reserve Bank of India
- CA/CS/Advocate liasoning for NBFC License
- Unlimited Company Name Search & Lifetime Call Support
Get Quote Free
We are Proud on Our Works.
10,899+
[Customers Served]
51,980+
[Project Delivered]
4.5+/5
[Google Rating]
Get Instant Quote Free
Google Reviews
4.5/5
10.5k+ Happy Reviews
Register with Ministry
Its registration is done with the Reserve Bank of India(RBI) which makes it a better registration option than others.
RBI Approved
Non Banking Financing companies are directly government by RBI. however, these are registered under Companies Act, 2013 and have to follow compliances of said act along with RBI guidlines.
100% Online Process
To register a NBFC Company in India you don't need to be physically present at any offices. It's a 100% Online process. Our professionals will complete liasioning work with RBI on your behalf.
Faster Loans Processing
NBFCs offer customized loan solutions and initiate faster loan processes. You can easily start your fintech company.
What are Non-Banking Financial Companies (NBFC)?
Are you planning to create a Non-Banking Financial Company (NBFC) in India? The procedure for NBFC Registration can be complicated, with many legal and regulatory requirements. Don't worry! Legal Piller's expert panel of CA/CS, Advocates, and Tax Consultants specializes in offering NBFC registration services that help you navigate the registration process. Our team has been employed in several large NBFCs and is well-versed in RBI master directions applicable to NBFCs. If you are engaged in the business of providing loans & advances, acquisition of shares/stocks/bonds/debentures/securities or other marketable securities of similar nature, leasing, hire-purchase, insurance business, Digital lending or co-lending and any additional financing or investment then as per RBI guidelines on Principal business criteria (PBC), you will require to apply for NBFC certificate of registration with RBI. The Reserve Bank of India strictly controls and ensures that NBFCs adhere to the regulations and provisions set forth by Chapter III B in the RBI Act, 1934.
More DetailsMandatory Conditions for NBFC Registration with RBI
Before applying for NBFC Registration with RBI, it is mandatory to fulfill the below conditions-
- NBFC can not do other business than financing business such as agricultural, normal industrial business, sale purchase other than securities.
- It must have financial business as its principle business.
- The applicant's company must have NOF of at least Rs. 2 crores, and Tax has to be paid.
- No failure of loan repayments must be there in past.
- Credit scores of directors and shareholders should be in good standing.
- In case of a foreign investment, a firm must comply with the FEMA Act.
- A company applying for a permit must meet obligatory compliance requirements.
Required Documents for NBFC Registration
To Register a NBFC Comapny, following documents are required-
- Action plan for the next 5 years along with Banker's Report confirming no lien on fixed deposits.
- Net Worth Certification of Shareholders, Directors, and Company.
- Educational Qualification docs of proposed directors
- Highest Experience certificates
- Directors and Shareholders' business profile
- Directors' & shareholders credit reports
- KYC info, PAN, GST no. of company, address proof
- Bank Account Details of business
- Audited Balance sheet of last 3 years
- Tax returns for income.
Process of Pvt Ltd Company Registration
The mentioned documents are essential to start registration process as follows:
Documentation and Application
After having arranged the necessary documentation, our expert will apply them with the RBI.
Submitting Application
Our expert will then apply the documents. The authority will examine the application and documents to confirm the application.
Issuance of registration certificate
After successfully examining the application, the authority will issue a Certificate of Registration.
Benefits of NBFC Registration
Lending Company
NBFC is highest form of registration for Lending and other non banking business regulated by Reserve Bank of India directly.
Flexibility in Operations
NBFCs have flexibility to design and offer a diverse range of financial products and services according to the specific needs of customers.
Risk Mitigation
Diversification of risks across a variety of assets, sectors, or products is a characteristic of NBFCs, helps in manage risks effectively.
Financial Empowerment
Your NBFC can provide financial services where traditional banks may not venture, fostering economic inclusion and growth.
Support for SMEs
NBFCs play an important role in providing financial assistance to small and medium-sized enterprises.
Advanced Technology
NBFCs often adopt cutting-edge technologies to streamline operations and enhance customer experiences.
Our Pricing
Simple & Easy Pricing.
Basic Plan
2.5Lc*
- COI, PAN, TAN
- 3 DIN & DSC
- PF & ESIC
- MOA & AOA
- RBI License
- RBI Certificate
- NBFC License
- CA/CS Support
Standard Plan
4.5Lc*
- COI, PAN, TAN
- 3 DIN & DSC
- PF & ESIC
- MOA & AOA
- RBI License
- RBI Certificate
- NBFC License
- ROC Compliance
- RBI Compliance
- GST Compliance
- CA/CS Support
Premium Plan
3.5Lc*
- COI, PAN, TAN
- 3 DIN & DSC
- PF & ESIC
- MOA & AOA
- RBI License
- RBI Certificate
- NBFC License
- ROC Compliance
- CA/CS Support
Types of NBFCs
NBFCs are classified into two types, On The Basis Of Liabilities &
NBFCs based on their Activities: At present, RBI is not allowing any new licenses in Deposit-taking NBFCs under Liabilities category. Some major types of NBFCs are:
Asset Finance Company(AFC)
Primarily engaged in the financing of physical assets like automobiles, construction equipment, industrial machines, etc
Investment Company (I.C.)
Engaged in the acquisition of securities, such as shares, stocks, bonds, debentures, or other marketable securities.
Loan Company (L.C.)
Primarily engaged in providing loans and advances, whether secured or unsecured, against securities, property, or assets.
Infrastructure Finance Company (IFC)
Provides finance to infrastructure projects and has a minimum of 75% of its total assets in infrastructural loans.
Systemically Important Core Investment Company (CIC-ND-SI)
A Non-Deposit NBFC (ND-NBFC) holds at least 90% of its total assets in the form of investment in equity shares, debentures, or debt in group companies.
Microfinance Institution (MFI)
Engaged in providing financial services like micro-credit, micro-insurance, and micro-savings to low-income individuals and groups.
Housing Finance Company (HFC)
Engaged primarily in the business of providing finance for housing or real estate development.
Non-Banking Financial Company(NBFC-Factors)
Engaged in the business of factoring, which involves buying receivables and financing against them.
Don't take our word for it. See what customers are saying about us.
Happy Customers
Customer satisfaction is our major goal. See what our clients are saying about our services.
All TestimonialsGood work, I am happy with services - Legal Pillers for providing best services for 12A80G in economical prices and in a good speed way. The co-ordination between various team members is also remarkable. Even they all continuously follow up with calls and messages regarding the processes. Also one more good point is all the services are under one umbrella. Special thanks to Shweta, Kalpana, Priya & all the backend team member for execution.
By Vinay Dave
Empower Charitable Trust
It is really one of the best team, which give lot of respect in dealings and help us at every moment. Thank you legal pillers for helping us at every small steps.
By Deepak Kabra
Evolve Sang Foundation
"Startup entrepreneurs can definitely prefer & rely on the services of Legal Pillars for Incorporation of LLP/Companies. Good service by Ms. Sneha Kapoor."
Adi Swarup Patnaik
Amaravati Finsuraksha Nidhi Limited
We are from Hyderabad, Telangana State. We have taken Services of "Legal Pillers" for New Private Ltd Company Registration. We are extremely satisfied and delighted with their services. They are sincere, experienced and committed. Unquestionable Integrity. Our Interaction was with Ms.Sneha, Mr.Rohit and Ms.Jyostna, excellent team and keeps their word.
By Suresh Abraham
LOGOS EXPORT AND TRADING (P) LTD.
Very corporative and guides you in a proper way. This was my first time doing online legal services and out of all fear I had it turned out a boon for me. Hope you people keep the services same in future to. For a new startup u can believe them. Thank you once again
By Munna Prasad Gupta
Epicenter Innovations (P) Limited
Team Legal Pillers, I am writing to thank you for the quality of service provided by your company. I am sincerely appreciating your efficient, gracious customer service on registering my company. Specially I would like to Thank Ritika who always connected with me and explained in detail while registering company. I would refer my friends to legal Pillers to take best service in low cost.
By Aftab Ahmed Mulla
Czarlike Global Trade Source (OPC) P. Ltd
Good work, I am happy with services - Legal Pillers for providing best services for 12A80G in economical prices and in a good speed way. The co-ordination between various team members is also remarkable. Even they all continuously follow up with calls and messages regarding the processes. Also one more good point is all the services are under one umbrella. Special thanks to Shweta, Kalpana, Priya & all the backend team member for execution.
By Vinay Dave
Empower Charitable Trust
It is really one of the best team, which give lot of respect in dealings and help us at every moment. Thank you legal pillers for helping us at every small steps.
By Deepak Kabra
Evolve Sang Foundation
"Startup entrepreneurs can definitely prefer & rely on the services of Legal Pillars for Incorporation of LLP/Companies. Good service by Ms. Sneha Kapoor."
Adi Swarup Patnaik
Amaravati Finsuraksha Nidhi Limited
We are from Hyderabad, Telangana State. We have taken Services of "Legal Pillers" for New Private Ltd Company Registration. We are extremely satisfied and delighted with their services. They are sincere, experienced and committed. Unquestionable Integrity. Our Interaction was with Ms.Sneha, Mr.Rohit and Ms.Jyostna, excellent team and keeps their word.
By Suresh Abraham
LOGOS EXPORT AND TRADING (P) LTD.
Very corporative and guides you in a proper way. This was my first time doing online legal services and out of all fear I had it turned out a boon for me. Hope you people keep the services same in future to. For a new startup u can believe them. Thank you once again
By Munna Prasad Gupta
Epicenter Innovations (P) Limited
Team Legal Pillers, I am writing to thank you for the quality of service provided by your company. I am sincerely appreciating your efficient, gracious customer service on registering my company. Specially I would like to Thank Ritika who always connected with me and explained in detail while registering company. I would refer my friends to legal Pillers to take best service in low cost.
By Aftab Ahmed Mulla
Czarlike Global Trade Source (OPC) P. Ltd
How Legal Pillers Help in NBFC Registration in India?
We are India's most recognized Legal Tech platform. By connecting to our CA/CS experts, you can register your Non-Banking-Financial-Company through our expert.
Our RBI NBFC Registration services include expert advice, filing the NBFC application, preparing necessary documents, and obtaining requisite approvals in a limited time. Our NBFC Registration Fees are minimal and affordable.
More DetailsFAQ
Find answers tomost popular questions asked to us.
Acquiring an NBFC license involves a structured process mandated by the Reserve Bank of India (RBI). At Legal Pillers, we specialize in guiding businesses through every step of this process.
A Non-Banking Financial Company (NBFC) is a financial institution that provides banking services without meeting the legal definition of a bank.
Initiating an NBFC in India requires meticulous planning, thorough documentation, and compliance with the RBI guidelines. Our team at Legal Pillers is well-versed in the process and can assist you in every aspect.
Yes, registration with the Reserve Bank of India (RBI) is mandatory for any entity wishing to operate as an NBFC in India.
An NBFC Bank, also known as a Non-Banking Financial Company that functions as a Bank, offers services similar to traditional banks, such as lending and investing.
Unlike banks, NBFCs cannot issue checks drawn on themselves, and they do not form part of the payment and settlement system. They are not allowed to accept demand deposits.
In the event of incorporation of the company, up to three directors can fill out the integrated form to file a request for the allocation of DIN.
There are different categories of NBFCs based on their activities, such as Asset Finance Companies, Loan Companies, Investment Companies, Infrastructure Finance Companies, Infrastructure Debt Funds, Microfinance Institutions, and more.
NBFCs in India are primarily regulated by the Reserve Bank of India (RBI) under the regulations of the Reserve Bank of India Act, 1934.
The minimum capital requirement for an NBFC in India varies depending on the type of NBFC. Our well versed expert guides you through the entire process of the registration.
Some NBFCs are allowed to accept public deposits, while others are not. Those permitted to take deposits are regulated more strictly and need to follow specific rules and regulations set by the RBI.
NBFCs provide a wide range of financial services, including lending, leasing, hire-purchase, insurance, investment in stocks and bonds, and more. They often serve specific niches or industries.
yes, there are some Compliance Requirements for NBFC. Our team is well-versed in the regulations and will guide you in meeting all compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC)guidelines.