NBFC Compliance

NBFCCompliance

01 By Swarit Advisors

What is NBFC Compliance ?

As per Reserve Bank of India in 2016, NBFC Compliance is mandatory for all registered NBFC companies need to file the data of there all financial activities which carries Loans & Advances, Equities, Debt, Acquisition of stocks, etc. at the given time.

02By Swarit Advisors

NBFC Compliance Includes

• Annual return filing• Liaising with RBI• Review of annual balance sheet• RBI Returns• MCA Filings• Income Tax Compliances


Returns Submitted by Deposit taking NBFC

NBS 1 - Quarterly returns with the concern Present Financial status. NBS 2 - Quarterly returns with the concern of Prudential norms.

NBS 3 - Quarterly returns with the concern of present liquid assets.NBS 4 - Annually returns based on the factors of rejected company holds

public deposits.NBS 6 - Holding Rs.100 cr. or more will filled this monthly return.

ALM - Filled for those who having public deposit of Rs 20 cr. or assets of more than Rs. 100cr.


05Returns Submitted by Non - Deposit taking NBFC

NBS 7 - Quarterly returns need to filed on quarterly statements such as risk assets ratio, capital funds, risk-weighted asset etc.

NBS 2 - Monthly return on the basis of financial parameters. ALM - It consist certain Intervals

1. NBS-ALM 1: A quarterly statement of short term dynamic liquidity.2. NBS-ALM 2:A half-yearly statement of short-term structural liquidity.

3. NBS-ALM 3:A half-yearly statement of Interest Rate Sensitivity.4. ALM-YRLY:Asset Liability Mismatch statement, which is an annual return.

By Swarit Advisors

06

• ADT-1, Appointment of Auditor• Maintenance of Books of Accounts• Maintenance of Statutory

Registers• Preparation of Financial

Statements• Convene Statutory Meetings• Income Tax Returns Filings• AOC-4, Filing of Financial

Statement• MGT-7, Filing ROC Annual Returns

ADDITIONALCOMPLIANCE

NBFCs also have to follow the rules which comes under the Companies Act 2013.

By Swarit Advisors

BRANCH INFORMATION RETURNS

For Deposit taking NBFC - Every NBFC holding and accepting public deposits needs to submit this quarterly return.

For Non-Deposit taking NBFC - Just as NBFCs-SI, NBFC-ND-SI also needs to submit the branch information return quarterly.


08 Contact usFor inquiries and concerns

7289999875PHONE NUMBER

H-55, Ground Floor, H Block, Sector 63, Noida, Uttar Pradesh 201306

MAILING ADDRESS

[email protected] ADDRESS

NBFC Compliance

Services

Transcript of NBFC Compliance