Compliance PLUS

Borivali East, Mumbai, Maharashtra
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  • Legal Status of Firm

    Trust / Association of Person / Body of Individual

  • Year of Establishment

    2006

  • Annual Turnover

    Rs. 50 Lakh - 1 Crore

  • Indiamart Member Since

    Nov 2018

RBI Compliance

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Type of Service Provider
Consulting Firm
Type of Service Contract
Retainer Based
In recent times, RBI compliances are getting tougher for NBFCs as compared to before. There were times when Non-Banking Financial Companies had privileges over banks. In comparison to banks, compliance laid down by RBI for NBFCs were far more lenient but after the Sahara case, RBI has made new compliances for NBFCs and now it is under RBI’s continuous screening. Some of the important guidelines are Securitization of Standard Assets and Guidelines for Private Placement of NBFCs. RBI is keeping making efforts for preventing speculation in NBFCs.
NBFC-ND-SI (Non-Deposit category) are required to submit an annual statement of capital funds, risk assets ratio etc. It can be submitted electronically as well as physically.
Further Capital Adequacy, Liquidity, and other disclosure norms have been incorporated in Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.
- Capital Adequacy of 15% to be maintained.
- Disclosures in the Balances Sheet
Annual Compliance
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RBI Compliance

Product Details

Company Details

Product Specification

Type of Service ProviderConsulting Firm
Type of Service ContractRetainer Based

Product Description

In recent times, RBI compliances are getting tougher for NBFCs as compared to before. There were times when Non-Banking Financial Companies had privileges over banks. In comparison to banks, compliance laid down by RBI for NBFCs were far more lenient but after the Sahara case, RBI has made new compliances for NBFCs and now it is under RBI's continuous screening. Some of the important guidelines are Securitization of Standard Assets and Guidelines for Private Placement of NBFCs. RBI is keeping making efforts for preventing speculation in NBFCs.

NBFC-ND-SI (Non-Deposit category) are required to submit an annual statement of capital funds, risk assets ratio etc. It can be submitted electronically as well as physically.

 

Further Capital Adequacy, Liquidity, and other disclosure norms have been incorporated in Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

 

  • Capital Adequacy of 15% to be maintained.
  • Disclosures in the Balances Sheet

Annual Compliance
SERIAL NO.PARTICULARSTIME LIMIT
1.Unaudited March Monthly return/NBS7on or before 30th June
2.Audited March Monthly return/NBS7Upon completion
3.Statutory Auditors certificate on Income & Assetson or before 30th June
4.Information about Cos having FDI/Foreign Fundson or before 30th June
5.Resolution of Non-acceptance of Public Depositbefore the commencement of the new Financial year
6.File Audited Annual Balance Sheet and P&L AccountOne month from the date of signoff
7.Declaration of Auditors to Act as Auditors of the Companyannual basis

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    About the Company

    Year of Establishment2006
    Legal Status of FirmTrust / Association of Person / Body of Individual
    Nature of BusinessService Provider
    Number of EmployeesUpto 10 People
    Annual TurnoverRs. 50 Lakh - 1 Crore
    IndiaMART Member SinceNov 2018
    RBI Compliance
    RBI Compliance
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    Seller Contact Details

    Sidharth Sharma

    Borivali East, Borivali East Mumbai - 400066, Maharashtra, India

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