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NBFC can now go for insolvency resolution process under...

Insolvency resolution process under IBC

Section 3(7) of the IBC 2016, (Code), has excluded the financial service providers (FSPs), which concludes that the corporate insolvency resolution process...

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NBFC

Companies (Accounts) Amendment Rules 2020- Filing of Fi...

Form AOC-4 CFS

The Ministry of Corporate Affairs or MCA on 30th January 2020 published Companies (Accounts) Amendment Rules, 2020. These new rules amend the already exist...

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fintech startups NBFC

NBFC License Is the New Goal of Fintech Startups

New Goal of Fintech Startups

OKCredit, Khatabook, BharatPe all are fast-growing Fintech startups. All these Fintech companies in India are applying to get their own NBFC license. Peopl...

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Budget NBFC

Impact of Budget 2020 on NBFCs

Budget 2020 on NBFC

Non-Banking Financial Companies or NBFC plays a vital role in India’s financial system. However, the Government has proposed to provide credit Guarantee...

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MCA Notification NBFC

MCA extends the last date for filing of AOC-4 NBFC

filing of AoC-4 NBFC

The last date for filing of AOC-4 NBFC (Ind AS) and AOC-4 CFS NBFC (Ind AS) has been extended to 31st March, 2020 The Ministry of Corporate Affairs (MCA) h...

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NBFC

Insolvency and Bankruptcy Code now covers NBFCs and oth...

Insolvency and Bankruptcy Code

Before the Insolvency and Bankruptcy Code, 2016 (IBC)[1] came into effect; there was no special law to regulate Insolvency and Bankruptcy in India. There w...

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NBFC

Requisite for the Conversion of NBFC into Banks

Conversion of NBFC into Bank

Non-Banking Financial Companies (NBFCs) are the financial institutions regulated by the Reserve Bank of India to provide credit facilities. Usually, NBFCs...

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NBFC

Notable Features of NBFC Software

NBFC Software Features

The NBFC sector in India has witnessed exponential growth over the years. Non-Banking Financial Companies (NBFCs) are financial entities that provide finan...

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