The Reserve Bank of India (RBI) has published a draft circular detailing rules for Non-Banking Financial Companies (NBFCs) regarding the declaration of dividends. This follows announcements made in December 2020. NBFCs, industry participants, and interested parties are invited to provide their comments on the draft by December 24, 2020.
In pursuance of the announcements made in the Statement on Developmental and Regulatory Policies dated December 04, 2020, the Reserve Bank of India has released today the Draft Circular on Declaration of Dividend by NBFCs. Comments on the Draft Circular are invited from NBFCs, industry participants and other interested parties by December 24, 2020.
Feedback on the Draft Circular may be forwarded to:
The Chief General Manager, Reserve Bank of India, Department
of Regulation (NBFCs), 2nd Floor, Main Office Building, Shahid
Bhagat Singh Marg, Fort, Mumbai – 400001
or by email with the subject line “Feedback on Draft circular on declaration of dividend by NBFCs.”
(Yogesh Dayal)
Chief General Manager
FAQ :
The RBI has released a Draft Circular on the Declaration of Dividend by NBFCs.
The draft circular was released following announcements made on December 04, 2020.
Feedback can be provided by NBFCs, industry participants, and other interested parties.
Comments on the Draft Circular must be submitted by December 24, 2020.
Feedback can be sent by post to The Chief General Manager, Reserve Bank of India, Department of Regulation (NBFCs), 2nd Floor, Main Office Building, Shahid Bhagat Singh Marg, Fort, Mumbai – 400001, or by email with the subject line 'Feedback on Draft circular on declaration of dividend by NBFCs'.