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Rbi compliances - nbfc

Anuja (-) (141 Points)

20 April 2013

Hi all, I need Rbi compliances list for an NBFC (non deposit).

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Sonam Bidasaria (CA) (770 Points)
Replied 12 May 2013

1. NBFC-ND is required to frame Investment and Loan Policy in accordance with Para 6 & 7 of Non-Banking Financial (Non - Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007

2.Should make appropriate provision in in respect of loans, advances and other credit facilties accordance with para 9 of Non-Banking Financial (Non - Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

3.Disclosure requirement as per Para 10 of Prudential Norms.

4.Constitution of Audit Committee (IF asset size > 50 Crores)

5.Annex a schedule to the athe balance sheet in accordance with Para 13 of Prudential Norms

There are some other point as well.(To be continued)