Simplifying NBFC Compliance for a Stronger Financial Future
Navigating NBFC compliance is crucial for regulatory alignment and maintaining a trustworthy presence in the competitive financial sector. Non‑Banking Financial Companies (NBFCs) play a vital role in offering credit alternatives to individuals and businesses, making compliance a key aspect of operational integrity.
Establishing an NBFC in India involves fulfilling several legal and regulatory requirements, including registration with the RBI, securing licenses, implementing data protection measures, maintaining minimum capital standards, and safeguarding organizational reputation. Regardless of the size or focus area, all NBFCs must comply with stringent operational and financial guidelines.
Facing challenges with NBFC compliance? Our team of experts is here to streamline the process for you—so you can focus on growth while we handle the complexities of compliance management.
Registration Form
Let our CA-certified experts handle your business registrations , legal compliance, and tax needs — while you focus on growing your business with peace of mind.
What You Get:
- Personalized Expert Guidance
- Hassle-Free Documentation
- Fast & Transparent Process
- Dedicated Support Team
- Affordable & Flexible Plans
- Secure & Confidential Handling
- Timely Updates & Reminders
Free Consultation by Expert
Features That Empower You
We provide end-to-end solutions with expert support, ensuring your journey is seamless and stress-free.
What is an NBFC?
A Non‑Banking Financial Company (NBFC) is a financial institution registered under the Companies Act, 2013 that offers services such as deposits, loans, and investments without holding a banking license.
Core Activities
Accepting deposits, providing loans and advances, and investing in stocks, bonds, debentures, and government securities.
Regulatory Framework
NBFCs must comply with RBI’s Master Directions, maintain minimum capital adequacy, and adhere to KYC/AML and data‐protection norms.
Who Needs to Register?
Legal Adherence
Stay compliant with RBI guidelines to avoid penalties or license revocation.
Enhanced Market Reputation
Build credibility with customers, investors, and regulators through transparent operations.
Improved Consumer Confidence
Regulatory compliance reassures customers about the legitimacy and reliability of your financial services.
Business Continuity
Meeting compliance requirements minimizes the risk of regulatory action and ensures uninterrupted operations.
Market Expansion Opportunities
A well‑regulated NBFC gains easier access to new markets and investor funding.
Risk Mitigation
Reduces legal, financial, and operational risks through robust governance frameworks.
Operational Excellence
Compliance drives higher internal standards, data protection, and governance practices.
How To File It Online?
Follow this step-by-step guide to ensure your response is submitted correctly
Memorandum & Articles of Association
Define your company’s purpose, structure, and scope under the Companies Act.
Minutes of Board & Committee Meetings
Maintain detailed records of internal resolutions and governance decisions.
Statutory Registers
Keep registers for members, directors, charges, and other statutory records.
Audited Financial Statements
Submit audited balance sheet and profit & loss account verified by a certified auditor.
Shareholding & Director Information
Maintain up‑to‑date records of shareholders, directors’ profiles, and their consents.
Deadlines & Penalties
Avoid late fees by submitting on time
Penalty for Late Filing
- Operating without an RBI certificate of registration
- Failing to maintain minimum Net Owned Funds
- Non‑submission of periodic returns (e.g., NBS‑7, ALM)
- KYC/AML lapses leading to regulatory penalties
Consequences of Non-Compliance
- Monetary fines up to ₹10 lakh or more per violation
- Suspension or cancellation of NBFC registration
- Legal action under the RBI Act and Companies Act
- Reputational damage and loss of customer trust
1Pre‑Registration Compliance Checklist
- Apply for NBFC registration and obtain RBI license.
- Maintain minimum Net Owned Fund (NOF) as mandated.
- Implement data protection measures under PDPA 2019.
- Establish robust KYC and AML systems with due diligence.
Key Benefits
- Clear roadmap for pre‑ and post‑registration compliance
- Reduced risk of penalties through timely filings
- Stronger credibility with regulators and investors
- Access to integrated KYC/AML and data‑protection frameworks
Pitfalls to Avoid During Filing
Common errors that can delay your submission
Base Layer NBFCs
Asset size ≤ ₹1,000 Cr
Low‑risk NBFCs with basic compliance under Master Directions.
Middle Layer NBFCs
Deposit‑taking & specialized NBFCs
Enhanced governance, risk management, and prudential norms apply.
Upper Layer NBFCs
Top 10 systemically significant
Stringent disclosures, governance standards, and risk mitigation required.
Top Layer NBFCs
Highest‑risk NBFCs
Subject to the most intensive RBI supervision and potential additional norms.
| Compliance Category | Frequency | Key Returns |
|---|---|---|
| Annual Filings | Yearly | Audited financials, NBS‑7, AOC‑4, MGT‑7 |
| Half‑Yearly Filings | Twice a year | ALM‑II, IRF statements |
| Quarterly Filings | Every 3 months | NBS‑2, CRILC, major exposure returns |
| Monthly Filings | Every month | NBS‑1, CTR, Branch info returns |
| Event‑Based Filings | As required | Director changes, capital alterations, FDI disclosures |
Streamlined Filing Process
- Initial compliance application and RBI license filing1
- Set up NOF and KYC/AML systems2
- Monthly and quarterly return preparation and submission3
- Annual audit, financial statements, and MCA filings4
- Ongoing legal advisory and 24/7 support5
Why Trust DoStartup?
Professional services with guaranteed satisfaction
Expert Paperwork Assistance
From document preparation to timely submissions, we simplify the entire compliance process.
End‑to‑End Filing Support
We handle RBI and MCA filings—annual returns, statutory registers, and event‑based reports.
Integrated KYC/AML Solutions
Streamline customer onboarding and AML obligations with our turnkey platforms.
Free Legal Consultation
Complimentary legal guidance to ensure your NBFC meets all regulatory requirements.
24/7 Customer Support
Our dedicated team is available around the clock for any compliance queries.
Frequently Asked Questions
Have a look at the answers to the most asked questions