Tired of paperwork during the NBFC compliance process? Contact Corpbiz for expert guidance and effortless adherence to regulatory standards for your NBFC today! We’ve successfully assisted 500+ NBFC businesses with NBFC Compliance Requirements.
What’s Included?
10+ Years of Experience in Providing NBFC Compliance Solutions
Get Free Expert Consultation
NBFC compliance refers to the process of managing regulatory requirements, which ensures compliance in a competitive industry. Compliance with NBFC regulations further provides a secure financial environment, serving as an alternative source of credit for individuals and businesses.
Setting up an NBFC requires completing various formalities, such as handling compliance, protection of reputation, obtaining registration and licenses, data protection, and maintaining adequate capital. However, the NBFCs in India must adhere to stringent operational norms, regardless of their size or sector.
Are you worried about the challenges in meeting the NBFC compliance needs? Let our experts at Corpbiz help you feel good while we handle your NBFC compliance management tasks.
NBFC, which stands for Non-Banking Financial Company, is an integral part of the Indian financial system. It is a company that provides an alternative source of credit to individuals and businesses. NBFCs involved in the business of receiving deposits, loans, and advances, acquisitions of stocks, bonds, shares, debentures, and securities issued by the government of India are required to be registered under the Companies Act, 2013.
The key benefits of securing RBI compliance for NBFC company are as discussed below:
RBI compliance for NBFC company enhances market reputation and customer’s trust over the NBFCs.
RBI compliance for NBFC company helps you avoid situations for revocation of your license and ensures the continuity of NBFC business in India.
RBI compliance for NBFC company guaranteeing stability and smooth functioning of the financial system safeguards the interest of individuals.
NBFC company compliances leads to the expansion of businesses by enhancing credibility with investors and lenders.
RBI compliance for NBFC reduces organizational, legal, and other regulatory risks affecting the operational stability of the business.
NBFC company compliances helps maintaining reputation and ethical operations, leading to business continuity.
Compliance with the pre-NBFC registration requirements as specified by the RBI is crucial for the businesses seeking pre-NBFC registration compliance:
Checklist for Pre-NBFC Registration Compliance
The list of documents required for securing NBFC compliance are as enlisted below:
The procedure required to obtain NBFC annual compliance is as discussed below:
File Application
The NBFC are initially required to file, prepare, and file an online application along with an acknowledgement.
Comply with Pre-NBFC Registration Criteria
The NBFC must comply with the pre-NBFC registration enforcement criteria required for securing NBFC compliance.
Submit All Documents
The NBFC are further required to make submission of necessary documents and exchange appropriate drafts.
Submission of Application
Lastly, the documents are duly verified, and the application shall be finally submitted for securing guaranteed compliance with NBFC guidelines.
The different categories of NBFC that play a detrimental role in financial systems that need NBFC compliance are as discussed below:
The scale-based categorization of layers of NBFC (based on the size, activity, and risks) where NBFC annual compliance is applicable are as discussed below:
Base layer non-banking financial institution (NBFC-BL) comprises of non-deposit taking NBFC having an asset size of Rs. 1000 crores or less.
Middle layer non-banking financial institution (NBFC-ML) comprises of all deposit accepting and non-deposit accepting NBFCs indulged in carrying out specific business activities.
Upper layer non-banking financial institution (NBFC-UL) comprises of top 10 eligible NBFCs identified by the RBI, based on the asset size and risk profile.
Top layer non-banking financial institution (NBFC-TL) which comprises of top NBFCs are subject to rigorous regulatory oversight and strict supervision of RBI.
The different types of returns and RBI compliance for NBFC are as discussed below:
Once your business has received the certificate of registration from the RBI, the NBFCs must comply with the following post-NBFC registration compliances as discussed below:
The RBI rules on Fair Practices Code (FPC) provides general standards on sufficient exposures on the terms and conditions of a loan and, furthermore, embraces a non-coercive recuperation strategy.
The RBI rules on Fair Practices Code (FPC) provides general standards on sufficient exposures on the terms and conditions of a loan and, furthermore, embraces a non-coercive recuperation strategy.
Every NBFC must register with FIU-IND under the Prevention of Money Laundering Act, providing client details to help prevent money laundering, terror financing, and related offences.
Every NBFC must register with FIU-IND under the Prevention of Money Laundering Act, providing client details to help prevent money laundering, terror financing, and related offences.
NBFCs must adopt the Central KYC registration to gather records for the customers in financial services and reduce the burden of the entity.
NBFCs must adopt the Central KYC registration to gather records for the customers in financial services and reduce the burden of the entity.
NBFC must register with CERSAI (i.e., Central Registry of Securitisation Asset Reconstruction and Security Interest of India) to recognize and check any fraud activities during the lending transaction process against equitable mortgages.
NBFC must register with CERSAI (i.e., Central Registry of Securitisation Asset Reconstruction and Security Interest of India) to recognize and check any fraud activities during the lending transaction process against equitable mortgages.
The NBFC must register as a member of authorized Credit information companies such as CIBIL, Equifax, Experian, and CIRF High Mark to enable access to credit information reports and profiles of borrowers.
The NBFC must register as a member of authorized Credit information companies such as CIBIL, Equifax, Experian, and CIRF High Mark to enable access to credit information reports and profiles of borrowers.
NBFCs must timely file their periodic returns and maintain books of accounts as specified by the RBI, to maintain regulatory compliance and transparency in financial reporting.
NBFCs must timely file their periodic returns and maintain books of accounts as specified by the RBI, to maintain regulatory compliance and transparency in financial reporting.
NBFC must ensure the filing of annual income tax, and GST returns to avoid penalties and ensure seamless operations of tax authorities.
NBFC must ensure the filing of annual income tax, and GST returns to avoid penalties and ensure seamless operations of tax authorities.
The NBFCs must ensure compliance with MCS guidelines for filing financial statements, updating statutory registers, and filing annual returns.
The NBFCs must ensure compliance with MCS guidelines for filing financial statements, updating statutory registers, and filing annual returns.
Section 215 of the IBC, 2016, requires financial creditors to submit financial and security-related data to the information utility for presenting the money related data to the information utility in such forms as indicated.
Section 215 of the IBC, 2016, requires financial creditors to submit financial and security-related data to the information utility for presenting the money related data to the information utility in such forms as indicated.
Mandatory NBFC compliance in India that streamline the financial system in India are as discussed below:
The NBFC compliance checklist essential for both deposit and non-deposit taking NBFCs is as outlined below:
| S. No. | Particulars | Duration |
|---|---|---|
| NBFC Annual Compliance | ||
| 1 | Unaudited March Monthly return/NBS-7 | On or before 30th June |
| 2 | Statutory Auditors certificate return on income and assets (DNBS10) | On or before 30th June |
| 3 | Information about companies having FDI/Foreign Funds | On or before 30th June |
| 4 | File audited annual balance sheet and P&L Account | One month from the date of signoff |
| 5 | Board Resolution of Non-Acceptance/ Holding of any Public Deposit | Before the commencement of the new Fiscal year |
| 6 | Declaration of Auditors to Act as Auditors of the Company | Annual Basis |
| 7 | Inspected return for March / NBS-7 | Upon Completion |
| 8 | Form AOC-4 NBFC (IND AS) and MGT-7 are used to file an annual return with the Registrar of Companies (ROC) | Within 30 days and within 60 days from the conclusion of the annual general meeting, respectively |
| NBFC Half-Yearly Compliance | ||
| 9 | Statement on Interest Rate Futures (IRF) Transaction | On or Before 31st October |
| 10 | ALM-II (Statement of Structured Liquidity and Interest Rate Sensitivity) | On or before 12th November |
| 11 | Compliance with the terms and conditions of foreign direct investment (FDI)-SAC | On or before 31st October |
| NBFC Quarterly Compliance | ||
| 12 | Return on Overseas Investment details for all NBFCs having overseas investment (DNBS 13) | In every 4 months |
| 13 | Details of large borrowers (Major Exposure Return) | In every 4 months |
| 14 | Public Disclosure on the soundness of Entities liquidity risk management framework and liquidity position | In every 4 months |
| 15 | CICs Important Financial Parameters (DNBS 11) | In every 4 months |
| 16 | Consolidated Financial Soundness Indicators (FSI) to International Monetary Fund (IMF) | In every 4 months |
| NBFC Monthly Compliance | ||
| 17 | Monthly return | 7th of every Month |
| 18 | Reporting of Large Exposure (Annex XXV) | By end of every month |
| 19 | Information of borrowers whose secured assets are possessed | By end of every month |
| 20 | CRILC main return (DNBS 08) | Within 15 days from end of every month |
| 21 | Report on Cash Transaction (CTR) to FIU India | By 15th of succeeding month |
| NBFC Periodical Compliance | ||
| 22 | Appointment of Director | Within 30 days of appointment |
| 23 | Resignation of Director (DIR-12 + challan report) | Within 30 days of appointment |
| 24 | Adoption of any notification in the ensuing Board Meeting and filing the certified copy with RBI | |
Some of the examples of NBFC-credit information companies are as discussed below:
At Corpbiz, we have successfully delivered NBFC compliance services to 500+ fintechpreneurs, ruling the fintech segment like a champion.
We have a positive success rate of 99% in NBFC compliance management, the highest in the trade.
The paperwork in handling NBFC annual compliance can be complex. We make compliance for NBFC company easy, simple, and straightforward.
We guarantee regular reporting and filing of reports to reduce the risk of penalties and ensure compliance for NBFC company.
We provide end-to-end KYC/ALM solutions to streamline customer onboarding, strengthening your fight against financial crime.
Connect with our team, which is comprised of legal professionals, to enjoy free legal services to secure NBFC company compliances.
Choose Corpbiz for filing smooth and secured application for the NBFC registration in consonance with the RBI Master Directions.
We offer instant support services such as control over financial data, facilitating the NBFC financial ecosystem to fulfil NBFC compliance needs.
Our experts are readily available to deal with NBFC compliance requirements of NBFCs and provide consistent support.
Have a look at the answers to the most asked questions
Legal Researcher
Written by Neha Dawra. Last updated on Jun 1 2026, 06:54 PM
Neha Dawra has 4+ years of experience in legal research and intellectual property advisory. Her expertise lies in analyzing IP laws, drafting structured legal content, and simplifying complex registration procedures into clear, simple insights.
Trusted by thousands of businesses across India for seamless compliance, registrations, and advisory services.
Really thankful to Corpbiz. Our experience with its expert was tremendous. Strong professional approach towards clients. My Company Registration was filed in a very less time, thanks to Corpbiz experts.
We would recommend Corpbiz incorporation services to any founder without a second doubt. The process was beyond efficient and shows Corpbiz founder's commitment and vision to truly help entrepreneurs and early stage startups to get them incorporated with ease.
I was searching for a company for assistance in the incorporation services. Then one of my friend tell me about Corpbiz and definitely the Corpbiz team is really efficient and has an experienced staff to guide us through the entire process of Company Incorporation.
Setting up our Bio Medical Waste Recycling Plant was a huge project. Mukul managed the entire compliance framework seamlessly from start to finish.
Corpbiz is very reliable and efficient. They managed all paperwork, resolved my queries, and completed my GST registration much quicker than I expected.
