NBFC Registration your trusted growth partner for Non-Banking financial companies (NBFCs).
NBFC Registration your trusted growth partner for Non-Banking financial companies (NBFCs).
We provides expert guidance to Non-Banking Financial Companies on regulatory compliance, licensing, and business strategies. They help ensure seamless operations, legal adherence, and sustainable growth in a dynamic financial ecosystem.
Welcome to Affluence your trusted growth partner for Non-Banking financial companies (NBFCs). With almost 20 years of experience, our team of professionals is proficient in providing comprehensive services tailored to the needs of both new and existing NBFCs. We understand that every NBFC has unique objectives, which is why we customize our solutions to fit your requirements precisely.
In accordance with Section 45-IA of the RBI Act, 1934, the following conditions must be met by a company applying for NBFC registration:
The Following listed are the compliances that are required to be complied by an NBFC after obtaining Certificate of Registration (COR)
RBI may cancel the application for NBFC registration for the following reasons:
If the NBFC applicant fails to fulfil the mandatory requirement of minimum NOF (Net-Owned Fund).
In case the NBFC fails to operate its business in the public interest.
If NBFC fails to repay the deposit according to the terms and conditions of the depositor.
If NBFC fails to operate its primary business of financial activity.
If the NBFC fails to manage the books of account according to the RBI guidelines.
If the Directors of the applicant fail to meet the criteria according to RBI policies.
An applicant must have a minimum of five years' business plan.
Failure to show appropriate details and identity of the shareholders.
We met Affluence when they were advising Mumbai Oncocare (our portfolio company) on their fund raise. During the course of this investment journey, we were exposed to the 360 degree approach that Affluence and CA Nimish Khakhar brought to the table which was not merely limited to due diligence and modelling but went way beyond in terms of regulatory compliances, MIS development, Finance and Account support, secretarial support and so on. We were extremely relieved and pleased with the post investment support that they continue to give to Mumbai Oncocare. We actively encourage our portfolio companies to evaluate Affluence’s service offerings and have already co-opted them with some of our other portfolio companies. Affluence does a great job of identifying gaps and help bridge the same with its committed and professional approach to the tasks that they undertake. I look forward to building on this partnership with Affluence.
The team at Affluence Advisory Services played an important role in helping us draft various applications, including that for applying to the RBI for registration as an NBFC. Ably led by you, the team has a thorough understanding of regulations and procedures. Their approach is very professional, proactive and they respond promptly to all queries. Our entire experience during the above process was seamless and solution oriented. Due to this pleasant experience, we continued to seek the guidance for all subsequent engagements wrt secretarial and regulatory compliances as well.
We thank you and your team for the continued support and good wishes. We are happy to recommend you to organisations/ individuals seeking guidance on regulatory/ secretarial/ corporate affairs matters.
We are incredibly grateful to Affluence and their team for their exceptional support in streamlining and helping us navigate the complexities of RBI and secretarial compliances. Their in-depth knowledge and clear guidance have not only made the process more understandable but also allowed us to stay fully compliant.
What truly sets Affluence apart is their unwavering support, even during challenging times. Whether it’s responding promptly to urgent queries or providing proactive advice, they’ve always been there when we needed them most. Their professionalism, expertise, and dedication have been invaluable to us, and we look forward to continuing our successful partnership with them.
Thank you, Affluence, for being a trusted and reliable partner in our growth!
We are incredibly grateful to Affluence and their team for their exceptional support in streamlining and helping us navigate the complexities of RBI and secretarial compliances. Their in-depth knowledge and clear guidance have not only made the process more understandable but also allowed us to stay fully compliant.
What truly sets Affluence apart is their unwavering support, even during challenging times. Whether it’s responding promptly to urgent queries or providing proactive advice, they’ve always been there when we needed them most. Their professionalism, expertise, and dedication have been invaluable to us, and we look forward to continuing our successful partnership with them.
Thank you, Affluence, for being a trusted and reliable partner in our growth!
