Practice Brief • Registrations, Licenses & Regulatory Compliance
RBI Compliance Services for NBFCs & FEMA
Statutory audit for NBFCs, Net Owned Funds (NOF) certification, COSMOS reporting, and FEMA FDI filings.
Turnaround: Scheduled compliance calendars; 10 days for RBI certifications
Practice Lead: CA. R.A. Dhoot & Financial Sector Regulatory Desk
Practice Methodology & Regulatory Scope
The Reserve Bank of India enforces strict regulatory oversight on NBFCs under the Scale Based Regulation (SBR) framework. We conduct statutory audits, verify asset classification and provisioning norms, certify Net Owned Funds, and submit periodic RBI prudential returns.
Governing Statutory Acts & Guidelines
Reserve Bank of India Act 1934 (Chapter III-B)
RBI Master Directions on NBFCs
Foreign Exchange Management Act 1999 (FEMA)
Tangible Client Deliverables
1
Statutory Auditor's Report to the Board of Directors of the NBFC under RBI Directions2
Certificate on Net Owned Funds (NOF) under Section 45-IA of RBI Act3
Filing periodic returns on the RBI COSMOS portal (NBS-7, DNBS returns)4
FEMA FDI filings: Form FC-GPR (allotment of shares) and FC-TRS (transfer of shares)5
Annual Foreign Liabilities and Assets (FLA) Return filing on RBI FIRMS portalMeasurable Enterprise Safeguards
Zero default risk on RBI regulatory compliance calendars
Maintenance of clean Certificate of Registration (CoR) status
Seamless compliance on foreign direct investment inflows and outbound remittances
Statutory Practice FAQs
Q: What is the minimum Net Owned Fund (NOF) requirement for an NBFC?
A: Under the RBI Scale Based Regulation (SBR) framework, the minimum Net Owned Fund (NOF) requirement for NBFCs is progressively increased to ₹10 Crores (with specific transition timelines provided by the RBI).
Partner Consultation
Engage Practice Partner
Schedule an in-person chambers discussion or encrypted virtual conference with our senior practice leader.
Designated Partner Lead:
CA. R.A. Dhoot & Financial Sector Regulatory Desk
ICAI Fellow Chartered Accountant
Strict client confidentiality maintained under ICAI Code of Ethics.