What are the documents required for NBFC Registration?

Answer 1

For proceeding with the successful NBFC Registration Process, one must need following documents get prepared:

1:Company Incorporation Certificate under the Companies Act.

2:Detailed Brochure of the Company inclusive of management details

3:Company’s PAN and CIN [Corporate Identification Number]

4:Address Proof [electricity bill, Utility Bill, Lease Agreement (for rented property)]

5:Certified copy of Articles of Association (AoA) and Memorandum of Association (MoA)

6:Each Director’s Profile details along with affidavits.

7:All Directors’ credit score report

8:A copy of the board resolution certifying that the business has not engaged in or stopped conducting NBFC activity and won’t till the RBI grants registration.

9:Certified copy of the Board Resolution passed on the “Fair Practices Code”.

10:A certificate from the statutory auditor attesting to the fact that the business neither accepted nor holds the public deposit.

11:1. A certificate from the Statutory Auditor stating the amount of funds owned as of the application date is necessary.

12:Financial Documents pertaining to bank accounts, balances, loans, credits, bank statements, Income Tax Return Filing, etc.

13:An audited balance sheet, profit and loss statement, and the directors’ and auditors’ report for the three years prior [If applicable].

14:Information that includes projections for the balance sheets, cash flow statement, and income statement as well as the company’s future goal, usually for the next three years.

Note: the list can be extensive depending upon the type of NBFC chosen for registration