Minimum capital requirement for nbfcs
This query is : Resolved
17 September 2012
What is the minimum Authorised Capital and minimum NOF requirement for starting a Non- Deposit taking NBFC, engaged in the business of giving loans?
17 September 2012
Hi
NBFC have to make application for registration with RBI and shall not commence or carry on business of a non-banking financial institution without obtaining registration from RBI and maintaining (Net Owned Fund) NOF.
NOF requirement for NBFC registered
Before 21/04/1999 = Rs.25 lacs
On or after 21/04/1999 = Rs.200 lacs
Authorised share capital should not be less than 2crores in any condition.
NBFC have to make application for registration with RBI and shall not commence or carry on business of a non-banking financial institution without obtaining registration from RBI and maintaining (Net Owned Fund) NOF.
NOF requirement for NBFC registered
Before 21/04/1999 = Rs.25 lacs
On or after 21/04/1999 = Rs.200 lacs
Authorised share capital should not be less than 2crores in any condition.
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