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Takeover NBFC is most recurring process than NBFC registration. As most of the fin tech startups are looking for ready to run NBFC.
RBI Compliance requirement is different for each category of the NBFC
Usually we can clarify NBFC as Under
Asset Finance Company
Investment Company
Loan Company
Infrastructure Finance Company
Infrastructure Debt Fund: Non- Banking Financial Company
Gold Loan NBFCs in India
Residuary Non-Banking Companies
An NBFC Can be deposit taking or non deposit talking. Currently RBI Does not permit fresh registration of deposit taking NBFC. However, Takeover of an existing deposit taking NBFC is possible.
NBFC Takeover Procedure
Information and background information about the proposed director and shareholders.
Income proof of all shareholders and director.
Declaration form each director and shareholder that they are not accepting any deposits in un registered NBFC.
Declaration by the proposed directors/ shareholders that they are not directly or Indirectly associated with any Company or NBFC whose license was rejected by the RBI.
Declaration by the proposed directors/ shareholders that there is no criminal case, including for offense under section 138 of the Negotiable Instruments Act, against them.
Bankers Report on the proposed directors/ shareholders.