NBFC Registration Requirements: A Complete Guide with Vakilkaro Registering an NBFC in India involves meeting key regulatory requirements set by the Reserve Bank of India (RBI). Companies must be incorporated under the Companies Act, 2013, with a minimum net-owned fund (NOF) of ₹2 crores, which may be higher for certain categories. The business plan, financial stability, and qualifications of directors and promoters are crucial for approval. A detailed application, including documents like the incorporation certificate, MoA, AoA, and financial statements, must be submitted on the RBI’s COSMOS portal. Once approved, ongoing compliance with capital adequacy, periodic returns, and fair practices is essential for operation. NBFC Registration Requirements in India: Key Steps The process of registering a Non-Banking Financial Company (NBFC) in India involves fulfilling several essential requirements outlined by the Reserve Bank of India (RBI). To begin, the company must be incorporated unde...