AD DEALS
Legal Services
AD Deals provides expert legal services for business licenses, compliance, and growth. Get tailored solutions and protection. Contact us today!
NBFC registration in India is essential for financial firms that wish to engage in the financial services business but do not hold a banking license. There are various reasons why a financial firm would need to register as an NBFC:
Legal Recognition and Credibility:
It offers legal recognition from the RBI. As an NBFC, the firm will operate under a regulated framework. This builds credibility and trust with clients, investors, and other stakeholders.
Access to financial markets
Registered NBFCs can leverage a bouquet of financial markets and would be able to provide loan disbursements, manage assets, investment products and financial advisories. A registration promotes the ability to provide diversity in financial service for your firm.
Regulatory Compliance:
NBFC registrations ensure that its activities are conforming with the RBI directive. Activities such as lendings and taking deposits involve specific regulations concerning investments. Not adhering to these leads to improper functioning and consequently penalties.
Deposit Acceptance Authority:
Some types of NBFCs, such as NBFCs – Deposit Taking or NBFCs – Systemically Important, are allowed to accept public deposits. The capital inflow can go up by several percent given the scenario.
Protections and Consumer Confidence
Registration provides consumer protection as well as a better business atmosphere. It assures your customers that your business is conducted subject to the RBI directions- thus it is free of all opacity and not concealing anything.
Business Enhancement
With NBFC registration, financial firms can expand their business across India and internationally. It allows firms to enter new markets, offering products like insurance, finance, loans, and leasing services.
At Ad Deals Legal Services, we help financial firms register as Non-Banking Financial Companies (NBFCs) with expert legal support and a streamlined process. Here’s how we can help:
Initial Consultation and Requirements Assessment:
Our team starts by understanding your business objectives, the type of financial services you want to provide, and whether your company is eligible for NBFC registration. We identify the appropriate type of NBFC depending upon your service, such as Loan & Investment, Asset Finance, Micro-Finance, etc.
Document collection and preparation:
We make you ready with all required documents for NBFC registration, such as business plan, financial statements, details of management, capital adequacy, and more, since these documents have to cross RBI’s stringent criteria meant for approval.
Submission to RBI:
We take all the responsibility of submitting NBFC registration application to the RBI. Our legal consultants ensure that your application has nothing missing and is error free which won’t delay or reject your request.
Liaising with RBI and Other Authorities:
At the time of registration process, our team will assist you as your representative to liaison with Reserve Bank of India (RBI). We coordinate the process, answer the authority’s questions, and make all necessary follow-ups for smooth processing of application.
RBI Compliance
We ensure that your firm meets all the capital requirements, management structure, and financial norms set by the RBI for NBFC registration. We help to complete all the compliance checks to ensure that your application gets approved.
Post-Registration Support:
After you register, we continue to support you with compliance and regulatory updates. We also provide services such as renewals, documentation maintenance, and keep you updated on changes in RBI guidelines or policies that could affect your operations.
The time needed for registration depends on factors such as the type of NBFC, the completeness of your application, and the processing time by the Reserve Bank of India. On average, it takes 3 to 6 months to complete the registration process of an NBFC.
The time taken usually encompasses:
Preparation and review of documents: 1-2 months.
Application Submission and Processing: 2-3 months (subject to the review process of RBI).
Approval and Issuance of License: 1-2 months.
Our team at Ad Deals Legal Services works hard to ensure that your application does not delay, thus fast-tracking the registration process and, hopefully, reducing waiting time.
Ad Deals Legal Services is helps the companies for NBFC registration.
Professional and Expert Legal Services:
A team of seasoned legal practitioners who are specializing in laws related to finances and have expertise in regulations concerning an NBFC, with all solutions tailor-made for your requirements and business coupled with this regulatory atmosphere. #Efficiency with Fastest Service
We understand the importance of launching your financial services business. Our team works expediently and quickly without delays in registration, helping you begin your NBFC business free from unnecessary waiting times.
Transparent Pricing:
We ensure to offer competitive pricing on all our services with no additional charges. Our transparent pricing will give you value for your investment while keeping your costs manageable for your business.
Comprehensive Support:
We offer full service support in terms of consulting on pre-registration, preparing documents, submission of the application, and post-registration compliance. We ensure your NBFC registration process goes smooth without any hassle.
Compliance Assistance:
NBFCs operate under strict regulations of the RBI. Our assistance makes sure that your firm adheres to all capital adequacy norms, governance requirements, and other operational guidelines both during and after the registration process.
Legal Assistance After Registration:
We provide continuous support even after registering the NBFC, including RBI audits and audit assistance. We ensure your firm remains continuously compliant with the changing financial sector laws.
AD Deals provides expert legal services for business licenses, compliance, and growth. Get tailored solutions and protection. Contact us today!