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NBFC Registration in Jaipur
Online NBFC Registration

NBFC Registration in Jaipur

Register in 7 Days

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Introduction of NBFC Registration

A Non-Banking Financial Company (NBFC) is a type of financial institution that provides financial services to individuals and business entities. They are very active or similar to the banks but both are different and registering the NBFC does not require a bank license but such a Company has an NBFC License. NBFCs can be seen as an alternative to banks as they provide financial solutions to the unorganized sector of society.

An NBFC license may be obtained from the RBI under Section 45-IA of the RBI Act, 1934. To obtain an NBFC License a person must first register as an NBFC under the Companies Act, 2013 and any other applicable law. The NBFC creates a link between investors or depositors and borrowers.

Significance of NBFC Registration in India

NBFC registration is very important for anyone who wants to do financial business in India. NBFCs cater to a wide range of clients and provide loans to disadvantaged communities including urban and rural areas thus contributing to the country's growth. However, the interest rate at which the NBFC loan can be determined by the RBI guidelines.

Advantages of NBFC Registration in Jaipur

Advantages of NBFC Registration in Jaipur
Distinct legal identity

Once a business is registered it is born legally which means it is separated from its owners, directors, managers, shareholders, and employees, etc.

Documents required for NBFC Registration in Jaipur
Limited Liability

Members' liability is limited by the amount invested in the Company and therefore cannot be held liable for the Company's debt and liability.

How NBFCs and Banks differ?
Fewer compliances

Registering for the NBFC is much easier than getting a Banking license and there are stricter rules and heavy paperwork compared to banks.

FAQs on NBFC Registration in Jaipur
Low-Interest Rate

Interest rates are the main considerations when applying for any type of loan. NBFC interest rates are lower than bank rates. Therefore, it is easier for borrowers to repay.

NBFC Licence in Jaipur
Fewer Rules and Guidelines

Fewer regulations and rules apply, i.e. prescribed under the Companies Act, 2013 that to banks. It makes the borrowing process easier and helps the borrower to get a loan easily.

Process for NBFC Registration in Jaipur
Low-Cost Level

It involves lower costs and is more profitable than banks. There are many rules and regulations to follow in the case of banks compared to NBFCs.

Minimum requirements

Company Consolidated under the Companies Act 1956/2013

Minimum Net-owned Funds: Rs. 2 Crore (capital are tax paid)

The profile of directors must be from financial or bank

A 5-Year Business Plan

Documents Required for NBFC Registration

Complete Company Registration Documents

A set of Company Documents namely COI, MOA, AOA, PAN Card, GST Certificate, if any.

Documents/Details of Directors and Members

Short Profile, Proof of income, credit rating report, Total Valuation Certificate, Education Eligibility Certificates, Experience Certificates

Company documents

Company Bank Account Details Documents stating the minimum NOF requirement, Bank Report confirming No Lien statement for Initial FD of Rs 2 Crore, Board decision to authorize NBFC formation, action plan details for next 5 years, Tax Returns.

Registration Process to Apply for an NBFC License

Step 1

An online application will be submitted along with the required documents that we will gather from you for a CARN (Company Reference Number) generation which means the application has been successfully submitted. It will be used as a future reference number.

Step 2

A hard copy of the application and the documents will be sent by us to the RBI Regional Office having jurisdiction where the Company has its registered office.

Step 3

Once the documents have been verified by the Regional Office the same is sent to the RBI Head Office where the full domain is considered.

Step 4

If all the conditions as set out in Section 45 IA of the RBI Act, 1934 are fulfilled then a License would be granted by the RBI.

How Paravue Advisors help you to achieve your dream startup?

We at Paravue Advisors guarantee a high level of satisfaction and timely delivery of your firm registration with better response to government needs through our professionals. You can contact our team on 099504-51000 or send an email to for NBFC Registration in Jaipur

Establish your entity in just 3 simple stages-

  • Opt for the suitable package for your needs
  • Fill in the questionnaire that takes less than 12 minutes
  • Provide the basic details and documents required to register
  • Make payments with secure payment gates

  • A Relationship Manager assigned
  • Application for CARN
  • Submission of all documents to Regional Office
  • Incorporation Certificate
  • PAN and TAN allotment

  • Require 10-12 working days

*Affected by Government processing term

Why you should choose Paravue Advisors for your assistance?

Expertise guidance

We will help you from picking up a suitable registration to getting your registration certificate. Our experts give you expert guidance on many of the processes involved in registering your business as a sole proprietorship, as well as service tax registration, sales tax, import/export code, and professional tax.

Filing Application

The professionals to assist you in the application are well-executed and can manage native registrations.

Registration Receipt

Our team will provide full assistance with the registration process. This can vary between 5 and 15 days, depending on the work done by the authorities involved.

How NBFCs and Banks differ?

Based on NBFC Bank
Definition NBFCs provide banking services to individuals without a Bank license. The bank is a government-mandated financial intermediary that aims to provide banking services to the public.
Regulatory Authority Companies Act 2013 & RBI Act, 1934 Banking Regulation Act 1949
Demand Deposits NBFCs cannot accept demand deposits (DD). Banks can accept a demand deposit.
Foreign investment In the case of NBFCs, foreign investment is 100% approved. Foreign investment is allowed up to 74% in private corporate banks.
Settlement and Payment System Not a part of the system An important part of the system.
Cash reserve ratio Not applicable Applicable
Deposit Insurance Cover Not available Available
Credit Creation NBFCs do not create credit Banks create credit

FAQs on NBFC Registration in Jaipur

NBFC is a Non-Banking company whose main business is:
  • to lend money or
  • investing in stocks/shares/bonds/debentures or
  • lease hire purchase, or
  • doing insurance business, chit business or
  • Accepting deposits under any program or scheme.

It usually takes 8-15 days to register a company, however, it is a legal process, and making a timeline is not possible, Startups are advised to plan well in advance of the start date of their launch.
To register as an NBFC, an application at the Regional Office of the RBI must be made with the required documents.

There are a few benefits to a limited public company as follows:
  • Agricultural activities
  • Industrial activities
  • Sale or purchase of goods and services
  • Sale or purchase of construction of an immovable property

Any other company taking over the NBFC is also possible. The rules and regulations on the acquisition of the NBFC are governed by the RBI. Thus, NBFC takeover means that if any other NBFC acquires another NBFC it is considered a takeover. It can also be done in two different ways namely friendly takeover and hostile takeover.

Listed below is a list of organizations/companies that can register as an NBFC-
  • Any institution whose main business is agriculture.
  • Businesses doing industrial work.
  • Institutions are responsible for the purchase or sale of any goods (other than securities) and services.
  • Engaging in selling/buying/building immovable property.
  • Companies whose primary business includes receiving deposits under any program or arrangement in the form of a single lump sum or installments in the form of donations or in any other way.

In India, RBI powers over NBFCs can be summarized as:
  • Controls the NBFC registration process;
  • It sets out policies and issues guidelines for NBFCs;
  • Inspects and uses surveillance over NBFCs to ensure compliance with the provisions of the RBI Act, 1935 or not
  • Punishes NBFCs for infringing the RBI Act rules, which may also result in the suspension/cancellation of the NBFC license.

Yes, an existing NBFC or shareholder can build a new NBFC but only on the requirement and a guaranteed Business Plan.

The remnants of the NBFC license are valid for life. However, the same is liable for cancellation for non-compliance.

NBFC needs at least 2 directors.

Loans offered by NBFCs are Golden Loan, SME Lending, Personal Loans, Loan against Property, Loan against Shares Asset Financing, etc.