Description

The documents required for NBFC Registration generally include the Certificate of Incorporation, Memorandum and Articles of Association, PAN, registered office proof, audited financial statements and a banker’s certificate confirming the required Net Owned Fund. The applicant must also provide details of directors and shareholders, credit reports, source-of-funds evidence, group company information and organisational structure. A detailed business plan, financial projections and policies related to lending, KYC, risk management, fair practices, grievance handling and information technology may also be required. Complete and accurate documentation helps the Reserve Bank of India assess the company’s financial strength, management capability and regulatory preparedness.