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Setting up and managing a Non-Banking Financial Company (NBFC) involves navigating a complex web of formalities and compliance requirements. Ensuring proper compliance is crucial to avoid penalties and operational disruptions. Our NBFC Compliance Services are designed to help you maintain integrity and adherence to all regulatory standards.
Our Compliance Services Include:
1. Reputation Protection
- Ensuring all operations are within legal and ethical guidelines to build and maintain trust among stakeholders and clients.
2. Business Continuity
- Preventing legal or regulatory issues that could disrupt business operations, ensuring smooth and uninterrupted service.
3. Registration & Licensing
- Keeping your registration and licensing up-to-date in line with RBI guidelines, ensuring legal operation.
4. Data Protection
- Implementing robust cybersecurity measures and ensuring compliance with data privacy laws to protect customer information.
5. Capital Adequacy
- Regular monitoring and reporting to ensure your NBFC maintains adequate capital to manage risks and absorb potential losses as per RBI requirements.
6. KYC & AML
- Implementing stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) processes to prevent financial crimes and ensure compliance with AML guidelines.
Compliance Management for Different Types of NBFCs
Deposit Accepting NBFCs
We manage compliance for NBFCs that accept public deposits, including:
- NBS-1: Quarterly submission capturing financial details.
- NBS-2: Quarterly submission to assess depositor risk and compliance with prudential norms.
- NBS-3 Quarterly: Return on statutory liquid assets.
- NBS-6 Monthly: Details of capital market exposure.
- Overseas Investment Return: Quarterly return for NBFCs with overseas investments.
- Branch Info: Quarterly return with branch details.
- CRILC Compliance: Quarterly reporting to the Central Repository of Information on Large Credits.
- ALM (NBFC-D) Half Yearly: Asset Liability Management for NBFCs with significant public deposits.
- NBS-8 Annually: Annual return capturing key financial information.
Non-Deposit Accepting NBFCs
Our services cater to NBFCs with varying asset sizes:
- Branch Info Return: Quarterly submission for NBFCs with assets below Rs. 100 Crore.
- Overseas Investment Return: Quarterly submission for NBFCs with overseas investments.
- Return on FDI: Half-yearly submission to ensure compliance with capitalization norms.
- NBS-9 Annually: Annual return submission.
- SAC Annually: Statutory Auditor Certificate submission within one month from balance sheet finalization.
Systematically Important NBFCs (NBFC-ND-SI)
We provide comprehensive compliance management for systemically important NBFCs, including:
- Return on Important Financial Parameters: Monthly submission within seven days.
- ALM-1 Quarterly: Short-term dynamic liquidity statement.
- NBS-7 Quarterly: Capital funds and risk-asset ratio.
- CRILC Quarterly: Reporting on large credits.
- ALM-2 and ALM-3 Half Yearly: Structural liquidity and interest rate sensitivity statements.
- NBS-8 Annually: Annual return submission.
Adherence to Prudential Norms
We ensure your NBFC complies with all prudential norms, including:
- Investment Policy: Devised and deployed by the Board of Directors (BOD).
- Asset Threshold: Maintaining an asset threshold of Rs. 500 crores.
- Asset Classification: Proper classification of assets into categories such as Loss Assets, Standard, sub-standard, and doubtful assets.
- Provisioning for Standard Assets: At 0.25 percent of the outstanding amount.
Why Choose Our NBFC Compliance Services?
- Expertise: Our team of professionals has extensive experience in NBFC compliance, ensuring all regulatory requirements are met efficiently.
- Tailored Solutions: We offer customized compliance solutions based on the specific needs and size of your NBFC.
- Proactive Management: We stay ahead of regulatory changes and ensure your NBFC remains compliant with the latest guidelines.
- Comprehensive Support: From initial setup to ongoing compliance management, we provide end-to-end support for your NBFC.
Contact Us
Ensure your NBFC operates smoothly and adheres to all regulatory requirements with our comprehensive compliance services. Contact us today to learn more about how we can help you navigate the complex world of NBFC compliance.