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NBFC Compliance

NBFC Follows Reserve Bank of India Directions, 2016, in which all NBFCs need to file annual, monthly and periodical compliances within the stipulated time.

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NBFC Compliance

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  1. By Swarit Advisors 01 NBFC Compliance

  2. As per Reserve Bank of India in 2016, NBFC Compliance is mandatory for all registered NBFC companies need to file the data of there all financial activities which carries Loans & Advances, Equities, Debt, Acquisition of stocks, etc. at the given time. What is NBFC Compliance ? 02 By Swarit Advisors

  3. NBFC  Compliance Includes • Annual return filing • Liaising with RBI • Review of annual balance sheet • RBI Returns • MCA Filings • Income Tax Compliances 03 By Swarit Advisors

  4. Returns Submitted by Deposit taking NBFC By Swarit Advisors 04 NBS 1 - Quarterly returns with the concern Present Financial status. NBS 2 - Quarterly returns with the concern of Prudential norms. NBS 3 - Quarterly returns with the concern of present liquid assets. NBS 4 - Annually returns based on the factors of rejected company holds public deposits. NBS 6 - Holding Rs.100 cr. or more will filled this monthly return. ALM  - Filled for those who having public deposit of Rs 20 cr. or assets of more than Rs. 100cr.

  5. Returns Submitted by Non - Deposit taking NBFC 05 NBS 7 - Quarterly returns need to filed on quarterly statements such as risk assets ratio,  capital funds, risk-weighted asset etc. NBS 2 - Monthly return on the basis of financial parameters. ALM  - It consist certain Intervals 1. NBS-ALM 1: A quarterly statement of short term dynamic liquidity. 2. NBS-ALM 2:A half-yearly statement of short-term structural liquidity. 3. NBS-ALM 3:A half-yearly statement of Interest Rate Sensitivity. 4. ALM-YRLY:Asset Liability Mismatch statement, which is an annual return. By Swarit Advisors

  6. By Swarit Advisors 06 NBFCs also have to follow the rules which comes under the Companies Act 2013. • ADT-1, Appointment of Auditor • Maintenance of Books of Accounts • Maintenance of Statutory Registers • Preparation of Financial Statements • Convene Statutory Meetings • Income Tax Returns Filings • AOC-4, Filing of Financial Statement • MGT-7, Filing ROC Annual Returns ADDITIONAL COMPLIANCE

  7. BRANCH INFORMATION RETURNS For Deposit taking NBFC - Every NBFC holding and accepting public deposits needs to submit this quarterly return. For Non-Deposit taking NBFC - Just as NBFCs-SI, NBFC-ND-SI also needs to submit the branch information return quarterly. 07 By Swarit Advisors

  8. Contact us MAILING ADDRESS H-55, Ground Floor, H Block, Sector 63, Noida, Uttar Pradesh 201306 08 For inquiries and concerns EMAIL ADDRESS ho@swaritadvisors.com PHONE NUMBER 7289999875

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