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
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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Product Details
Company Details
Product Specification
Type of Service Provider | Consulting Firm |
Type of Service Contract | Retainer 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.
Annual Compliance
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. | PARTICULARS | TIME LIMIT |
---|---|---|
1. | Unaudited March Monthly return/NBS7 | on or before 30th June |
2. | Audited March Monthly return/NBS7 | Upon completion |
3. | Statutory Auditors certificate on Income & Assets | on or before 30th June |
4. | Information about Cos having FDI/Foreign Funds | on or before 30th June |
5. | Resolution of Non-acceptance of Public Deposit | before the commencement of the new Financial year |
6. | File Audited Annual Balance Sheet and P&L Account | One month from the date of signoff |
7. | Declaration of Auditors to Act as Auditors of the Company | annual 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
Seller Contact Details
Sidharth Sharma
Borivali East, Borivali East Mumbai - 400066, Maharashtra, India
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