Entering the booming Indian financial sector is an exciting journey. Are you an aspiring entrepreneur or looking to become a part of the Indian financial markets? Have you ever considered starting a business that offers financial services? Most of the Indian entrepreneurs are involved in the financial services to provide loans, investments, or microfinance. Well, for such inspiring entrepreneurs, NBFC registration in India can be the best choice. The non-banking financial company has become the ideal path for businesses. 

In this regard, the legal structure of Non-Banking Financial Companies (NBFC) presents numerous benefits. In addition, our team, Company Registration Online, introduces a new limited-time offer. With this offer, you can make the NBFC registration process in India more seamless. Get a discount price for the NBFC registration online in India and unlock the universe of opportunities for your business. In this comprehensive guide, we will discover how a business can register a non-banking financial company with cost-effective processes and requirements. Let’s explore it in more detail.

What is an NBFC and Why Does it Matter?

Before exploring the limited-time offer at a discount price, let’s first explore what NBFC registration is and why it is important for financial businesses. In the business sector, the NBFC stands for “Non-Banking Financial Company.” Such a company provides financial services without securing a bank license. The NBFC companies act as financial institutions. Such companies are involved in multiple operations, such as

  1. Offers loans and advances
  1. Involves shares, bonds, and stock activities. 
  1. Hire-purchases and  leasing
  1. Run as an insurance business.
  1. Operates as a chit-fund business.

In comparison to the other banks, non-banking financial companies are restricted from savings and current accounts. It means the NBFCs cannot accept deposits. But still, they perform a significant role in the financial ecosystem of India. In the rural areas, the people are still unfamiliar with the modern banking system. This is where the NBFC plays a vital role. The smaller financial institutions are situated in rural regions.

The Understanding of NBFC Registration in India

The NBFC registration online in India is more than a legal formality for financial institutions. The registration is the mark of credibility and a source of business expansion. Here is why the NBFC registration is crucial:

Legal Operation: The established NBFCs register with the RBI to obtain the license. The license shields the NBFC from potential penalties through the legal framework. It is important for the company’s existence and to boost the customers’ trust. 

Enhanced Credibility: If a financial company registers with the Reserve Bank of India (RBI), it gains access to professionalism. It further ensures that the company complies with RBI regulatory standards. It is crucial to enhance a brand image in the market among the customers, which also attracts the attention of investors and partners.

Access to Capital: As compared to other financial companies, non-banking financial companies gain funding more securely and faster. Even the investor preferred only those financial institutions that are covered by a regulatory framework. This signifies that the investors only show their interest in investing in the regulated entities. 

Diverse Services: The NBFC is allowed to support a specific customer by offering a wide array of financial services. 

Growth Opportunities: The access to the new opportunities is smoother for NBFC companies compared to unregistered companies. The Indian landscape is introducing versatile opportunities for financial institutions to grow rapidly. 

Registering an NBFC online in India at a reduced cost

For startups, navigating the NBFC registration process can feel daunting. It involves online registration, preparing necessary documents, and the regulatory requirements. However, the steps for NBFC registration can be streamlined with the support and guidance of a professional. This is where the professional service plays an instrumental role. Our team recognizes the difficulties involved and is dedicated to ensuring a smooth process. The company registration online is offering a limited-time offer at a discount price for NBFC registration online in India. 

For the formation of a non-banking financial company, we are offering an exciting opportunity for inspiring entrepreneurs. This offer can turn your dreams into reality as well as save time and money, including effort. Meanwhile, a limited-time discount offer has been introduced to help businesses take their place in the Indian markets effectively. 

What is an NBFC-MFI: Micro-Finance Company?

The NBFC-MFI is added as a category of non-banking financial company. Well, microfinance companies are involved in providing loans at low rates to low-income individuals. It also offers loans to those groups who face less access to traditional credit. The NBFC is a great legal structure or business type for those entrepreneurs who wish to invest in a community or want to promote economic self-sufficiency. For the NBFC-MFI registration in India, you can contact a professional who is an expert in the relevant sector. 

Beyond Registration: Buy NBFC and Sell NBFC Opportunities

Functions like buy NBFC and sell NBFC are directly connected to a business expansion. These factors allow a company to expand significantly. For the companies, it works as strategic growth in the financial sector. This signifies how the NBFC market in India is unique and spread across the nation. 

Buy NBFC- Opportunities:

Establishing a non-banking financial company in India offers access to faster market entry. It allows the business to enter markets without wasting time by obtaining a license. The customer base of the acquired NBFC always stays strong due to its regulatory framework. 

Purchasing an NBFC can be advantageous for entering new geographic markets. Acquiring an NBFC can expand the range of financial services offered. A Buy NBFC can be an attractive organization that focuses on those businesses that are seeking to expand their financial base.

Sell NBFC- Opportunities:

The sell NBFC can be the best choice for those existing NBFCs that are seeking to restructure or exit. In India, the demand for registered non-banking is too high. The factor of selling NBFC was introduced for those who want fast market entry with an established operational structure. Furthermore, selling an NBFC is the route to exit from a specific market. 

Most of the time, non-banking financial companies suffer due to the new regulations and rules, but selling NBFCs can be a way to prevent potential challenges. An NBFC takeover can be daunting, including complex document processes and other major things. However, the expert’s advice and accurate service can deal easily with regulatory compliance. 

Why Choose Our Services for NBFC Registration?

Your online NBFC registration journey in India can become more profitable with our limited offer at a discounted price. You get multiple advantages, including:

Expert GuidanceOur team includes experts like chartered accountants, legal professionals, and financial consultants. All are experienced and have knowledge related to the regulations of the RBI. Their expertise will help you to understand the functions of a non-banking financial company. 
Streamlined ProcessOur team will help you to streamline the NBFC registration online in Indian steps. The team further manages the paperwork, including application registration, and deals with the RBI on your behalf. 
Cost-Effective SolutionsOur current limited-time offer is a cost-effective service. This cost-effective service makes the process more accessible for online NBFC registration in India. With low investment, you can get a wide range of services. 
Time EfficiencyTime is very crucial during business registration. Our cost-effective and perfectly designed service process decreases the time wasted on NBFC registration as much as possible. 
Comprehensive SupportThe team will handle every step from initial consultation to document preparation and responding to the queries of the RBI. We offer end-to-end service. 

Final Words | NBFC Registration Online in India

Establishing a financial service business in India offers diverse opportunities to a company.  Proceed with the NBFC registration with our limited-time discount offer. Grow your financial institution business with our experts. Whether you are seeking to build a new microfinance company or an NBFC for fast market entry, or understand the need for NBFC sales in India and NBFC takeovers, our professionals will assist you. Get in touch with us now to utilize the most current offer to save your expenses during registration. 

Frequently Asked Questions

1. What is the cost of NBFC registration in India?

Ans. For the formation of a non-banking financial company in India, you need to pay the non-refundable application fee, which is Rs 300,000. It is submitted to the RBI. While the cost for the net owned fund (NOF) is Rs 2 crore, which is needed as capital. The other cost involves the professional and compliance fees.

2. Which types of loans are provided by a registered NBFC? 

Ans. The non-banking financial companies are primarily formed to provide business loans, personal loans, and asset financing, and they also offer investment options.

3. What is the penalty for non-compliance with NBFC regulations?

Ans. The operator who engages in NBFC activities and does not comply can suffer from the possible penalties, including imprisonment or fines.

4. Can an NBFC be converted into a private limited company?

Ans. No, generally, all NBFCs cannot convert into a private company. If a non-banking financial company wants to transform into a private company, it needs approval from the Reserve Bank of India (RBI). 

5. Is a GST registration certificate compulsory for a non-banking financial company?

Ans. If the turnover exceeds a specified amount limit, then the NBFC needs to acquire a GST certificate.