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NBFC and RBI Compliance Support
The obligations of a lending or finance business depend on its activities, regulatory category and applicable exemptions. We assess that starting position, help prepare registration or reporting documents, and review compliance records and policies. Registration and supervisory decisions rest with the Reserve Bank of India.
About the Service
Understanding NBFC and RBI Compliance
A company carrying on non-banking financial activity as its principal business may require registration with the Reserve Bank of India, unless an exemption or a different regulatory framework applies. The application demands a clear business plan, adequate capital, fit and proper management and a compliant corporate structure. Once registered, the company must keep up with periodic returns, prudential norms, governance requirements and the conditions attached to its category.
Directions for NBFCs are revised from time to time, so compliance is a continuing exercise rather than a one-time project. We help you read what applies to your category and scale, build a working compliance calendar and maintain the evidence a regulator or statutory auditor would ask to see. Our role is advisory and preparatory. Decisions on registration and supervision rest with the regulator.
Related guidance: ROC Compliance, Bank Audit and Valuation Services.
Our team is based in Gandhi Nagar, Delhi, supporting clients across Delhi-NCR and remotely across India. We confirm any on-site or hearing requirements when agreeing the engagement.
Who Needs This Service
- Promoters planning to set up an NBFC and applying for registration
- Existing NBFCs that need regular support with returns and policies
- Companies whose activity may bring them within the NBFC regulations and who need a view on this
- NBFCs preparing for an inspection, a statutory audit or an investor's due diligence
- Fintech and lending businesses that work with regulated entities and must align their processes
What Is Included
- Assessment of whether your activity requires NBFC registration, and the category that fits
- Support in preparing the registration application, business plan and supporting documents
- Review of net owned fund, capital adequacy and other eligibility conditions
- Preparation or review of board-approved policies such as fair practices, KYC and anti-money laundering, and related governance documents
- Preparation and filing of periodic returns and statements required by the regulator
- Statutory auditor certificates and coordination with the auditor
- Review of prudential norms, income recognition and provisioning
- Support for regulatory inspections, queries and compliance reports
Benefits
- A realistic view of the registration path, requirements and timeline before you commit capital
- Returns and records that are prepared on schedule and consistent with the books
- Policies and processes that match the regulations applicable to your category
- Fewer surprises during an inspection, audit or investor review
- One team that connects the regulatory view with accounting, tax and company-law compliance
What You Receive
- A regulatory applicability note for your business model
- A compliance calendar for returns, filings and board-level reviews
- Draft or reviewed policies for your board's approval
- Prepared returns and statements with supporting working papers
- A gap report listing what needs attention, in priority order
How We Work
How We Assist with NBFC and RBI Compliance
Map the Regulation
We confirm your category, your size and the directions that apply to it, and list the requirements in plain language.
Assess the Gaps
We compare your capital, governance, policies, records and reporting against the requirements and report what is missing.
Prepare and Implement
We prepare applications, returns and policy drafts and help your team put the processes into practice.
Maintain and Review
We keep the calendar running, prepare periodic filings and revisit the position when the regulator issues new directions.
Documents We May Ask for
- Certificate of incorporation, constitutional documents and shareholding details
- Latest financial statements and the net owned fund calculation
- Details of directors and key managerial personnel, with fit and proper information
- Business plan and projections, for new applications
- Existing board-approved policies and the registration certificate, for registered NBFCs
- Previous regulatory returns, inspection reports and correspondence
Regulatory requirements change. We confirm the current directions at the time we begin work.
Why Choose MSG & Associates
- A chartered accountancy firm that handles accounts, audit and company-law filings alongside the regulatory work, so the numbers and the returns agree
- A practical, checklist-based approach to regulations that are detailed and often revised
- Delhi-based, working with lenders and promoters across India through secure digital tools
- Honest advice on what the rules require, and where legal or regulatory counsel should be involved
Questions
NBFC and RBI Compliance: Common Questions
The useful answers, upfront.
Still have a question? Start a conversation and we will point you in the right direction.
It depends on what you do. Under the regulations, an entity whose principal business is financial activity may need registration. We review your activity and income pattern and give you a reasoned view.
No. The decision is the regulator's. We help you prepare a complete and accurate application with supporting evidence and responses to regulatory queries.
These depend on the category and size of the NBFC, and they include periodic returns, audit-related certificates and other reports. We prepare a calendar specific to your registration.
Yes. We can review or draft the policies that the board must approve, and help align operating procedures with them. Matters that need legal drafting can be done with your lawyers.
We can help you prepare the records, working papers and responses that inspectors request, and review the draft compliance report before it is submitted.
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