Hello guest! Welcome to Chronicle Advisors


info@chronicleadvisors.in +91-01244113179 1662 - LGF Sector- 46, Gurugram Haryana-122003


	Home About Us About Us Company Profile Article & Blogs Our Team Business Query Our Services Non-Banking Financial Company Corporate Law and Secretarial Merger, Acquisitions, Joint Ventures Legal Due Diligence Capital Market FEMA Advisory & Compliances Corporate Drafting & Documentation Debt & Equity Funding Intellectual Property Rights Valuation of Securities Insolvency Resolution Services Litigation Corporate Social Responsibilty GST Services Labour Law Compliances Business Set-up Recovery Of Shares from IEPF Knowledge Bank Calculators GST MRP Calculator GST Rate Calculator GST Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Installment RERA Calculator Developers Calculator Home Buyer Delay Interest Home Buyer Refund Bulletins RBI SEBI Notification Circular Income Tax Service Tax Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess IBC Regulation Utilities Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Depreciation Rates Companies Act Depreciation Rates Income Tax Act ROC Filing Fees (Cos Act, 2013) ROC Fee Structure (Cos Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty LLP Fees National Industries Classification HSN Rate List Deduction u/s 80TTA Vs 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Income Tax 2025 Indirect Tax Service Tax(Finance Act, 1994) Central Sales Tax Act, 1956 The Central Excise Act, 1944 Customs Act, 1962 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 LLP ACT SEBI Act, 1992 VAT Laws Delhi Value Added Tax Act, 2004 MVAT Act, 2002 West Bengal VAT Act, 2003 Tamilnadu VAT ACT, 2006 Karnataka Value Added Tax Act, 2003 Gujarat Value Added Tax Act, 2003 UP VAT Act, 2008 Rajasthan Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Andhra Pradesh VAT Act, 2005 Bihar Value Added Tax Act, 2005 Other Statutes ESI Act, 1948 PF Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 MRTP Act, 1969 Equalisation Levy Act, 2016 Right To Information Act, 2005 FEMA, 1999 Maharashtra RERA RERA, 2016 Insolvency & Bankruptcy Code, 2016 Benami Property Act 1988 GST Laws IGST Act , 2017 CGST Tax Act, 2017 UTGST Act, 2017 GST (Compensation to States) Act Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules GST Valuation Rules , 2016 Service Tax Rules CST (Delhi) Rules, 2005 CST (Maharashtra) Rules Customs Valuation Rules Cenvat Credit Rules, 2017 Entry Tax Rules Corporate Laws Rules Companies Rules, 2014 LLP Rules, 2009 LLP Winding up Rules, 2012 Cos Unpaid Dividend Rules, 1978 VAT Laws Rules Delhi VAT Rules, 2005 Maharashtra VAT Rules, 2005 West Bengal VAT Rules, 2005 Tamilnadu VAT Rules, 2007 Karnataka VAT Rules, 2005 Gujarat VAT Rules, 2006 Uttar Pradesh VAT Rules, 2008 Rajasthan VAT Rules, 2006 Punjab VAT Rules Haryana VAT Rules, 2003 Telangana VAT Rules 2005 Andhra Pradesh VAT Rules, 2005 Bihar Value Added Tax Rules, 2005 Other Statutes Profession Tax Rules NBFC Deposits Directions, 1998 NBFC & Misc NBC (Advt) Rules, 1977 NBFC Auditor Report Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Baggage Rules, 2016 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules Insolvency & Bankruptcy Rules Benami Property Rules, 2016 GST Rules CGST Rules, 2017 IGST Rules 2017 Forms Income Tax Forms ROC Forms (Cos Act, 2013) ROC Forms (Cos Act, 1956) Income Declaration Forms Wealth Tax Forms Service Tax Forms Companies Unpaid Dividend Forms NBFCs Forms LLP Winding up FEMA Forms LLP Forms CGST Forms Accounts and Records GST Forms Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply Careers Admin Login Email Login Time Sheet Contact Us

Non-Banking Financial Company

1. NBFC REGISTRATION

Non-banking financial companies (NBFCs) are a vital part of the Indian financial service system. In India, the term "non-banking financial companies" acquires a new meaning, and a huge significance. NBFCs are both non-deposit and deposit taking. However, such deposits are term deposits and not call deposits. Such entities are not banks, and yet carry lending activities almost at par with banks.

NBFC registration is obtained as per the provisions of the Companies Act, 2013 and the RBI Act, 1934. It is a Company registered under the Companies Act engaged in the business(es) of providing financial services including loans & advances, Investments, leasing, hire purchase etc.

How may Chronicle help you:

Incorporation of NBFCs and Obtaining CoR from RBI. (From forming a Company to making application and taking approval for Registration as NBFCs.)
Forming and Setting-up of the Business Plan.
Business Strategic Advisory including planning based on Market Trends.
Advisory based on Products to be offered.
Legal Consultancy/Advisory.
RBI Compliance & Secretarial Services.
Drafting of Documentation & Annual Compliance.
Obtaining various Certificates & Licenses prescribed under RBI Guidelines (Like:- FIU-IND, NeSL, CERSAI, C-KYC etc.

Article-NBFC Registration

2. NBFC MERGER AND ACQUISITION (TAKEOVER)

Mergers and acquisitions (M&A) in the finance sector are controlled and regulated by the Reserve Bank of India (RBI). With newer business models in this fast-changing competitive environment, there have been many changes in the operations, management, and regulations of NBFCs. As mergers and acquisitions are happening around the world throughout the corporate sector, the NBFCs have also come under the impact of these arrangements.

The RBI has over a period of time laid down the law by the virtue of which the establishment, functions and investments in non-banking finance companies (NBFCs) are managed in the country.

The takeover of NBFC means the purchase of one NBFC by other company. Only the registered NBFC’s under the act can acquire another NBFC.

How may Chronicle help you:

Application to RBI for Acquisition and Change in Control pursuant to Non-Banking Financial Companies (Approval of Acquisition or Transfer of Control) Directions, 2015.
Drafting of Documentation as required under RBI Guidelines.
Forming and Setting-up of the Business Plan;
ROC Compliances and Annual Compliances;
Drafting of Memorandum of Understanding.
Forming and Drafting of Share Purchase Agreement.
Due Diligence of Target Company.
Regular & Legal advisory;
Regular Follow-Ups from Department of Non-Banking Supervision.

Article NBFC Takeover

3. DECODING & UNLOCKING "THE BASICS OF NBFC"

Non-Banking Financial Companies (NBFCs) stand as pivotal pillars of India’s financial ecosystem, bridging gaps left by traditional banking institutions. This article unpacks their core structure, regulatory framework, and diverse operational models while highlighting the opportunities and risks they entail. By decoding the fundamentals, it seeks to equip readers with a clear understanding of how NBFCs drive financial inclusion, innovation, and long-term economic growth.

Article NBFC Takeover

3. KEY AMMENDMENTS DURING FY 2024-25

As Non-Banking Financial Companies (“NBFCs”) continue to deepen their footprint in India’s credit markets, they have significantly broadened access to finance. In recognition of NBFCs’ evolving systemic importance and distinct risk profiles, the Reserve Bank of India (“RBI”) has progressively calibrated a robust, layered supervisory framework.
Accordingly, we are introducing the recent amendments implemented during FY 2024-25, which encapsulate the latest enhancements to NBFC regulation. These measures aim to fortify financial resilience, ensure market discipline, and foster sustainable credit growth across key sectors, while further strengthening consumer protection.

Article NBFC Takeover