NBFC compliance

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Querist : Anonymous

Querist : Anonymous (Querist)

27 October 2010 Any body having list of annual compliance of RBI to be by a NBFC at end of f. y. end 31st march, 2010.

My mail Id is ujwalajuwatkar@rediffmail.com

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)

28 October 2010 Compliances by NBFC Companies not accepting Public Deposits

Nature of Document Time Limit of Filing
1 Audited B/S, P/L, Dir. Report W/in 15 days of General Meeting
2 Monthly Return on important financial parameters of the company
(NBFC having asset size of 100 Crores or above) W/in 7 days of next month.
3 Board resolution
(that Co. have neither accepted public deposit nor would accept any public deposit during the year.) Within 30 days of commencement of each F/Y. (i.e before 30th April every year)
4 An annual statement of capital funds, risk asset ratio etc IN NBS-7 9 (If the Company is Systematically important non-deposit taking NBFC i.e. the Total Assets are more than 100 crores.) W/in 3 months from close of F/Y i.e (before 30th June every year)
5 Certificate from their Statutory Auditors
(every year to the effect that they continue to undertake the business of NBFI requiring holding of COR under Section 45-IA of the RBI Act, 1934.) alongwith asset /Income pattern Before 30th June every year
6 Changes in address of Co./Directors/designation of principal officers/name & address of auditors/ specimen signatures of authorised signatories
W/in 1 month of change
7 Annual Performance Report on functioning of foreign concern Within 30 days of expiry of statutory period of finalization of accounts of host country.

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