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NBFC Company

Ryot associates provide support in NBFC company registration in Coimbatore, Chennai, Bangalore and any other places in India. A company which is engaged in the business of providing loans and advances, chit business, insurance business, hire-purchase business, acquisition of the capital & money markets such as stocks, debentures, bonds, and many other similar activities may go for NBFC company registration. NBFC should have a net owned of Rs.2 crores. NBFC is governed not only by the companies act but also by RBI. Repayment of deposit which is accepted by NBFC is not guaranteed by RBI.

Some of the companies which can be registered under NBFC are,

  • Asset Finance company
  • Investment company
  • Mortgage Guarantee company
  • Infrastructure finance company
  • Micro finance company
  • Core investment company, etc.,

Do’s

  • NBFC’s can accept deposit from public, which can be renewable for minimum period of 12 months and maximum of 60 months.
  • NBFC can provide loans and advances for business, purchase of shares, etc.,

Dont’s

  • NBFC are restricted to accept the demand deposit
  • It should not offer higher rate of interest than the ceiling limit prescribed by RBI.
  • NBFC cannot issue cheques which is drawn on itself.