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  One-Day Workshop On NBFC Regulations



In our country the financial services sector is huge and comprises not only of Banks, Financial Institution but also non-banking financial companies (NBFCs). NBFCs offer a wide range of financial services like loans, chit-funds, saving products, deposits etc. but yet their functioning is very much different from that of Banks. NBFCs are often small players largely in the unorganized sector and cater to individuals, small and micro entities. Till recently NBFCs were generally unnoticed and not in the limelight. Banks have not been able to penetrate to rural and semi-urban areas and the level of financial inclusion is very low. There are millions of working adults having no access to the types of formal financial services delivered by regulated financial institutions.

 

Further, with the advancement and growth of our economy and trade there is also a specific need for distinctive financial institutions having a focus of providing financial services like, leasing, lending for infrastructure projects, investment companies, asset reconstruction companies, micro financing, factoring, accepting deposits and encourage savings etc.

 

NBFCs are regulated by the Reserve Bank of India and it has been the constant endeavour of the RBI to enable prudential growth of this sector, keeping in view the multiple objectives of financial stability, consumer and depositor protection, and addressing regulatory concerns. Realising their important and strategic role in the economy and with a need to have a systematic and structured growth of the NBFC sector, Reserve Bank of India has made NBFCs highly regulated entities. There are much statutory/ reporting compliance to be adhered to, especially if they are accepting deposits from the public.

 

It is a specialized area of operations and keeping oneself abreast with the domain knowledge of the functions, operations, regulations and statutory compliances of NBFCs is necessary for handling matters relating to NBFCs.

 

BCAS has been regularly conducting its annual workshop on NBFC Regulation since the past five years with a view to sharpen the skills of participants in this specialised area of NBFCs. There is also a need to create awareness amongst the young entrants to the profession regarding the professional opportunities available in the NBFC sector. In the past the BCAS has also received a positive feedback from fellow professionals working in the NBFC space for organising such workshops on NBFCs. Now this has been an annual event at the BCAS and this year is no different. For this year the workshop is organized and will be addressed by experts dealing with the subject matter regularly and having practical experience and in depth knowledge in this field. The details of the workshop are as follows:

 

Day & Date

Friday, 26th September 2014

Time

9.00 a.m. to 6.00 p.m.

Venue

Down Town 20, Cambata Building, 2nd Floor, J.T. Road, Churchgate, Mumbai 400020 Landmark: Above Eros Theater

 

Fees

Members (Ordinary, Life & Associate Members)

 

Rs.1,800 + (ST) Rs.222 = Rs.2,022

Non-members

 

Rs.2,500 + (ST) Rs.309 = Rs.2,809

 

 

(Fee include Course Material, Lunch ,Tea & coffee and contribution of Rs.50 towards BCAS Foundation

Session 1

 

Recent developments and Regulator’s Perspective

 

Mr. Renganathan Bashyam, Company Secretary

Session 2

 

Audit Aspects – NBFC and post Companies Act 2013 scenario

 

Mr. Zubin Billimoria, Chartered Accountant

Session 3

 

Issues in taxations of NBFCs

 

Mr. Anish Thacker, Chartered Accountant

Session 4

 

Industry Perspective – Investment & Leasing NBFCs

 

Eminent faculty from Industry

 

Event from : 26 September 2014
Event to : 26 September 2014
Events Venue : One-Day Workshop On NBFC Regulations

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