Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Instances have been brought to the notice that some of NBFCs are changing their name, more particularly to add InfoTech tag with a view to taking the advantage of the capital market sentiments, which may jeopardize the interest of the depositors and the investors. The name change may result in the principal business of the process Change in Name of NBFC thereby it can affect its eligibility for grant and holding of Certificate of Registration.
With the view to protect the interest of the Public, the NBFC intending to change the existing name need to obtain the prior permission of RBI before the compliance of ROC for name change process. The violation of the directions given by RBI[1] would attract serious action against the company including cancellation of COR (if already granted).
An advertisement should be published by the company to inform all the stakeholders in the English newspaper and one in vernacular language newspaper where the registered office of the company is situated.
Conclusion-The change of name of NBFC required prior approval of RBI and necessary compliances are required to be followed prior to change the name. Further, the change in name of nbfc should not affect the investors and shareholders.
Also, Read: NBFC: Change NBFC Name in India.
The financial sector is changing in the current digital era. Banking is no longer limited to ju...
The Indian financial market is diversifying and fast-changing. Making the right decision for in...
If you are an Indian seeking to live in the beautiful country of Sweden, 2025 is the right time...
Social Stock Exchange (SSE) is a platform where social welfare organizations and social enterpr...
Foreign investors today hold over Rs 80 Lakh crore assets in the Indian markets. However, in re...
Are you human?: 6 + 2 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
NBFC is a company registered under the Companies Act, 2013. NBFC is regulated by the Reserve Bank of India (RBI). &...
06 Sep, 2022
NBFC-MFIs have emerged as the top micro-credit provider in India, surpassing scheduled banks in their contribution....
18 Jun, 2024