ASC Group Offers Best NBFC Registration Service in India

Non-Banking Financial Companies (NBFCs) are crucial components of India’s financial ecosystem, providing a range of financial services similar to traditional banks. They play an essential role in bridging the credit gap for individuals and businesses, particularly in sectors where traditional banking services may be limited. Registering an NBFC in India is a complex yet rewarding process that ensures compliance with regulations and legal frameworks. With over 25 years of industry expertise, ASC Group offers unparalleled services in NBFC registration, making the process seamless and efficient.

What is an NBFC?

A Non-Banking Financial Company (NBFC) is a financial institution that provides banking-like services, such as loans, advances, asset financing, and investment in securities, without holding a banking license. Unlike banks, NBFCs cannot accept demand deposits or issue cheques drawn on themselves. Their primary focus lies in lending and credit facilities, playing a pivotal role in supporting economic growth in India.

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Benefits of Registering an NBFC

Legal Recognition: Registration legitimizes the operations of an NBFC, allowing it to offer financial services within the framework of the law.
Access to Capital: Registered NBFCs can attract investments from institutional and retail investors.
Credibility: Registration increases public trust and enhances the organization’s reputation.
Growth Opportunities: A registered NBFC can offer diverse financial products and services, expanding its market reach.
Regulatory Compliance: It ensures adherence to Reserve Bank of India (RBI) guidelines, safeguarding the interests of stakeholders.

Types of NBFCs

NBFCs in India are broadly classified into two categories based on their activities:

Deposit-taking NBFCs (NBFC-D): These can accept deposits from the public.
Non-deposit-taking NBFCs (NBFC-ND): These do not accept public deposits but engage in financial services.

Further, NBFCs can specialize in different financial activities, such as:

Asset Finance
Loan Finance
Microfinance
Housing Finance

NBFC Registration Process

To register an NBFC in India, follow these essential steps:

Incorporation of the Company
- Register the company under the Companies Act, 2013, with a minimum net owned fund (NOF) of ₹2 crores.
Drafting the Documents
- Prepare key documents, including the Memorandum of Association (MOA), Articles of Association (AOA), and detailed business plans.
Application to the RBI
- Submit the online application for NBFC registration via the RBI’s official portal and pay the requisite fees.
Submission of Hard Copies
- Send a copy of the application and supporting documents to the RBI’s regional office.
Evaluation and Certification
- The RBI evaluates the application and may request additional information or conduct background checks. Upon satisfaction, the RBI issues the Certificate of Registration (CoR).

How ASC Group Can Assist

ASC Group provides the best service in India for registering Non-Banking Financial Companies. With over 25 years of experience, ASC Group offers end-to-end assistance for NBFC registration, from documentation and compliance to liaising with regulatory authorities.

Whether you’re starting a deposit-taking or non-deposit-taking NBFC, ASC Group ensures a streamlined registration process, saving you time and effort.

Contact us at 9999043311 for professional support with NBFC registration in India. Our team is available 24 hours a day to address your queries and guide you through every step.Take the first step towards building a successful NBFC with ASC Group's expert services. Let us help you turn your vision into reality.