NBFC Update Series & Takeovers Updates - S. 01

[lalitra...@gmail.com]

Dear Professionals !!

We have started a NBFC Knowledge Update Series with Takeover Updates. Please find the below Updates: 

• NBFC – A brief Intro:

NBFC, a Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 / 2013. NBFCs are not banks, although they execute lending operations on par with banks.

RBI Provision: In terms of Section 45-IA of the RBI Act, 1934, no Non-banking Financial company can commence or carry on business of a non-banking financial institution without a) obtaining a certificate of registration from the Bank and without having a Net Owned Funds of ₹ 25 lakhs (₹ 2 crore since April 1999).

• NBFC Return for discussion – in brief:

DNBS-04B - Structural Liquidity & Interest Rate Sensitivity

 1)      To be filed by NBFC having assets size above 100 crore.

2)      Monthly Return

3)      It should be filed in XBRL which stands for eXtensible Business Reporting Language, mode

4)      Timeline: to be filed within 10 days of the end of the month.

5)      Following Details to be given -

(i)Mismatch in projected future cash inflows and outflows based on the maturity pattern of assets and liabilities at the end of the reporting period for NBFCs-NDSI;

(ii) Interest rate risk.

 

Stay connected, stay updated

Please keep on sharing your valuable feedback and help us improve. Also, don’t forget to share.

 

Thanks & Regards,

Lalit Rajput, 

(Expertise: ROC, Liasoning with the depts., NBFC, IPR, 

Food Laws, Licenses, Legal Metrology, FEMA & Startups)

Cell: +91 9625483520

Email: cslali...@gmail.com

[bhavini gandhi]

👍 thank you 

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[Ronak Gupta]

Dear all,

The net owned fund has been revised since 1 year ago. 

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Thanks & Regards
Ronak Gupta
Company Secretary
Delhi
9910226715

[Jayanta pani]

Dear All,

Anyone who is dealing with Company incorporation in USA and Dubai, Pl call me.

Regards.

Jayanta

9727735270