Thinking of starting an NBFC in India? Corpbiz brings you a detailed, step-by-step guide to obtaining an NBFC License with ease. From registering your company to preparing documents and submitting the application to RBI, we simplify the process in just five clear steps. With expert legal support and end-to-end consultation, Corpbiz ensures smooth navigation through regulatory requirements. Take the first step towards your financial venture today. Get expert help from Corpbiz and transform your dream into reality!

<h3 class="" data-start="102" data-end="136"><strong data-start="106" data-end="136">Step 1: Register a Company</h3>
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<p class="" data-start="139" data-end="239">First, register a company under the <strong data-start="179" data-end="202">Companies Act, 2013 (Private Limited or Public Limited).

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<p class="" data-start="242" data-end="388">The company must have a minimum net owned fund (NOF) of ₹2 crore (₹10 crore for NBFCs involved in infrastructure finance, microfinance, etc.).

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<h3 class="" data-start="395" data-end="450"><strong data-start="399" data-end="450">Step 2: Open a Bank Account and Deposit Capital</h3>
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<p class="" data-start="453" data-end="499">Open a <strong data-start="460" data-end="498">bank account in the company's name.

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<p class="" data-start="502" data-end="599">Deposit the required <strong data-start="523" data-end="541">NOF (₹2 crore) in this account, which must be free from liabilities.

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<h3 class="" data-start="606" data-end="648"><strong data-start="610" data-end="648">Step 3: Prepare Required Documents</h3>
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<p class="" data-start="651" data-end="689">Prepare necessary documents including:

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<p class="" data-start="694" data-end="723"><strong data-start="694" data-end="723">Incorporation Certificate

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<p class="" data-start="728" data-end="743"><strong data-start="728" data-end="743">MoA and AoA

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<p class="" data-start="748" data-end="768"><strong data-start="748" data-end="768">Board Resolution

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<p class="" data-start="773" data-end="813"><strong data-start="773" data-end="813">Auditor&rsquo;s Certificate confirming NOF

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<p class="" data-start="818" data-end="844"><strong data-start="818" data-end="844">Detailed business plan

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<p class="" data-start="849" data-end="897"><strong data-start="849" data-end="897">KYC and financials of directors/shareholders

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<h3 class="" data-start="904" data-end="947"><strong data-start="908" data-end="947">Step 4: Apply Online on RBI Website</h3>
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<p class="" data-start="950" data-end="1026">Visit the RBI COSMOS portal and submit the <strong data-start="997" data-end="1025">NBFC License application.

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<p class="" data-start="1029" data-end="1122">Upload all relevant documents and obtain the CARN (Company Application Reference Number).

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<h3 class="" data-start="1129" data-end="1168"><strong data-start="1133" data-end="1168">Step 5: Submit Hard Copy to RBI</h3>


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<p class="" data-start="1171" data-end="1283">After online submission, send a <strong data-start="1203" data-end="1216">hard copy of the application and documents to the RBI&rsquo;s Regional Office.

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<p class="" data-start="1286" data-end="1372">RBI will review the application, verify documents, and may ask for additional details.

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We make the complex NBFC registration process simple and stress-free. With Corpbiz by your side, you gain professional support from start to finish.<br data-start="2321" data-end="2324" />