An NBFC (Non-Banking Financial Company) is a financial institution that provides banking/Loan services without meeting the legal definition of a bank. The specific requirements and documents needed for incorporating an NBFC are KYC of Directors, Address Proof, MOA & AOA. After incorporation of NBFC with MCA we need to take RBI approval for NBFC to run Banking/Loan Services.

Here are some of the commonly required documents for NBFC incorporation in India

An NBFC (Non-Banking Financial Company) is a financial institution that provides banking/Loan services without meeting the legal definition of a bank. The specific requirements and documents needed for incorporating an NBFC are KYC of Directors, Address Proof, MOA & AOA. After incorporation of NBFC with MCA we need to take RBI approval for NBFC to run Banking/Loan Services.

Here are some of the commonly required documents for NBFC incorporation in India.

1. Name of NBFC: First we need to fix a Name for NBFC.

2. Memorandum of Association (MOA) and Articles of Association (AOA): These documents outline the objectives and rules for the NBFC’s operations. The MOA and AOA need to be prepared and submitted according to the Companies Act, 2013.

3. Directors’ documents: The following documents related to the proposed directors of the NBFC are generally required:

   • Identity proof (such as PAN card, passport, Aadhaar card, etc.)

   • Address proof (such as passport, utility bill, bank statement, etc.)

   • Photographs

   • Educational qualifications and experience certificates

4. Shareholders’ documents: Documents related to the shareholders of the NBFC may include:

   • Identity proof

   • Address proof

   • Photographs

5. Director’s Declaration: A declaration stating that the proposed director(s) of the NBFC do not have any criminal record and have not been declared insolvent.

6. Capital adequacy requirements: NBFCs need to meet minimum capital requirements of 2 crore.

7. Fit and Proper Criteria: Directors and shareholders of the NBFC need to meet the fit and proper criteria set by the regulatory authority. This may involve providing declarations, affidavits, and background checks.

8. (RoC) after the company is registered. It serves as proof of the NBFC’s legal existence.

9. Certificate of Incorporation: This document is issued by the Registrar of Companies