Corporate CapitalVentures Leading RBI Consultant in New Delhi For NBFC Compliance

Today, CCV announced compliance support for NBFCs, it is part of the RBI consultant services of the company. Non-banking Financial Companies are formed pursuant to the companies Act and are registered with the Reserve Bank of India under the RBI Act, 1934. These financial institutions carry the business similar to that of commercial banks with some restrictions and are categorized in various types as per registration with the Reserve Bank. Corporate CapitalVentures provides assistance in registration of these financial institutions and also maintenance of compliance with the RBI. The company has designed its services suiting to the exact requirements of different categories of non-banking financial institutions. In the announcement, special emphasis was laid on timely execution to provide value for money services.

A company incorporated under section 3 of the Companies Act and having minimum net owned funds of Rs 2 Crore can function as a non-banking financial institution. The Section 45-IA of the RBI ACT, 1934 makes its necessary to obtain a certificate from the reserve bank before commencing any business related to that of the non-banking financial institution. NBFCs are directed to submit annual returns within 30 days from closure of the financial year. The return format in new forms NBS-8 and NBS-9 is to capture important financial parameters.

The role of consultants in regard to NBFCs(http://ccvindia.com/nbfc-registration) is to first help register in the right category by filing necessary forms with the Reserve Bank. After the registration certificate is obtained and business is commenced, these financial institutions also need to submit annual returns and maintain compliance with the respective regulations. The consultants help in timely filings of returns and any other regulatory compliance as laid down by the RBI(http://ccvindia.com/rbi).

Corporate CapitalVentures is a leading consultancy located in New Delhi providing services encompassing wide gamut of corporate laws. The services of CCV include assistance in company registration, compliance management, capital market activities, and corporate restructuring.

CCVIndia – Corporate Capital Ventures Pvt. Ltd.
160,(Basement),
Vinoba Puri,
Lajpat Nagar-II,
New Delhi-110024
Email id:- ccvindiaa@gmail.com

This release was published on openPR.