An NBFC license is easier to lose than to get: missed returns, breached norms and weak KYC systems draw penalties, business restrictions and, in stubborn cases, cancellation. Compliance is the moat around your license.
Krishna TaxNova runs NBFC compliance as a managed service: the returns calendar, prudential computations, policy framework and board process, so your dealings with the RBI stay routine instead of remedial.
What is NBFC Compliance?
NBFC obligations scale with size under the Scale Based Regulation framework: periodic returns on the RBI’s portal, prudential norms covering capital adequacy, income recognition and asset classification, KYC/AML programs under PMLA, the fair practices code, grievance mechanisms, and board governance including required policies and committees. Statutory auditors also report directly to the RBI on specified matters.
Who Should Apply for NBFC Compliance?
- Newly licensed NBFCs building compliance from scratch
- Base layer NBFCs without in house compliance teams
- NBFCs that received RBI observations or penalties
- Investors requiring compliance certainty in portfolio NBFCs
Benefits of NBFC Compliance
License Protection
Timely returns and norm adherence keep the registration secure.
Specialist Calendar
Every RBI return and intimation tracked by people who file them routinely.
Prudential Accuracy
CRAR, NPA classification and provisioning computed correctly each period.
Inspection Readiness
Records and policies maintained the way RBI inspectors examine them.
Board Support
Policies, committee structures and minutes that satisfy governance norms.
Documents Required for NBFC Compliance
Keep these documents ready. You can upload them using the form on this page or send them to us on WhatsApp.
- Certificate of registration and past RBI correspondence
- Loan book and financial data per period
- Existing policies: KYC, fair practices, grievance and others
- Previous returns filed and inspection reports
- Auditor reports and certificates
- Board and committee minutes
Step by Step Process for NBFC Compliance
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Step 1: Compliance Audit
Current status is mapped against applicable regulations, with gaps ranked.
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Step 2: Framework Build
Policies, registers and the returns calendar are established or repaired.
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Step 3: Periodic Returns
All portal returns are prepared and filed on schedule.
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Step 4: Prudential Monitoring
Capital, classification and provisioning are computed and flagged proactively.
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Step 5: Regulator Interface
RBI queries, inspections and correspondence are handled with you.
NBFC Compliance at a Glance
Estimated Timeline
Ongoing annual engagement
Governing Authority
Reserve Bank of India (RBI)
Validity
Continuous obligation while licensed
Government Fees
Retainer scales with NBFC layer and portfolio size
Why Choose Krishna TaxNova for NBFC Compliance?
Generalist firms miss NBFC specific traps like return taxonomy changes and SBR reclassification. This is specialist work, and it is what our NBFC desk does all year.
CA Led Team in Delhi
Your work is handled by a qualified Chartered Accountant team, not a call center. You get correct advice the first time.
Upload Documents Online
Share everything from your phone or laptop. Use the secure upload form on this page or simply WhatsApp us your documents.
Transparent Pricing
You approve a clear quote before we start. No hidden charges at any stage.
End to End Support
From document collection to final approval and post registration compliance, one team stays with you throughout.
NBFC Compliance: Frequently Asked Questions
Which returns does a small NBFC file?
Base layer NBFCs file periodic returns covering financials, prudential parameters and exposures on the RBI portal, with event based intimations for changes like directors or address. Our calendar lists each with its due date.
What happens if returns are missed?
Penalties, supervisory letters and escalating scrutiny; persistent default invites cancellation proceedings. Regularising quickly with a credible system reset is the right response, which we execute.
Do dormant NBFCs still need compliance?
Yes, licensed entities file returns even with minimal activity, and prolonged non operation itself threatens the license. We advise honestly when surrender is wiser than maintenance.
What changed with Scale Based Regulation?
Obligations now tier by layer, base, middle and upper, with stricter norms as you grow. We track your layer triggers so requirements never arrive as surprises.
How long does NBFC Compliance take?
In most cases the work is completed in Ongoing annual engagement. The exact time depends on how quickly documents are shared and on processing time at the department. We keep you updated at every stage.
What documents are needed for NBFC Compliance?
The key documents include certificate of registration and past rbi correspondence, loan book and financial data per period, existing policies: kyc, fair practices, grievance and others, previous returns filed and inspection reports. Our team shares a simple checklist after the first call so nothing is missed.
Can I complete NBFC Compliance fully online?
Yes. The entire process is online. Fill the form on this page, upload your documents or WhatsApp them to us, and our experts handle the filings. You do not need to visit any office.
Which authority handles NBFC Compliance?
NBFC Compliance falls under Reserve Bank of India (RBI). Krishna TaxNova prepares and files your application in the required format and responds to any queries raised by the department.
What is the validity of NBFC Compliance?
The validity is continuous obligation while licensed. We send renewal and compliance reminders in advance so you never miss a due date.
Do you provide NBFC Compliance outside Delhi?
Yes. We are based in Delhi and serve clients across India. Since the process is fully online, your location does not matter. Documents can be shared through the website or WhatsApp.
Get NBFC Compliance Done by Experts
Fill in your details, upload your documents online or send them on WhatsApp. A qualified CA will review your case and call you back with the exact steps and a fixed quote.