Post-Registration Compliance Checklist for NBFCs: What Every Registered Company Must Follow

Securing an NBFC License in India is a significant milestone for any financial services company looking to offer loans, investments, or asset financing without being a traditional bank. However, obtaining the license is just the beginning. To continue operating legally and sustainably, Non-Banking Financial Companies (NBFCs) must meet strict post-registration compliance requirements laid down by the Reserve Bank of India (RBI).

This blog outlines a comprehensive post-registration compliance checklist for NBFCs, helping businesses that have completed NBFC Registration in India or are in the process of NBFC registration online. Whether you're a new license holder or planning to apply soon, understanding these regulatory obligations is essential.

Why Is Post-Registration Compliance Important?

After receiving an NBFC license from RBI in India, companies must maintain regulatory discipline to:

• Avoid penalties or cancellation of the license

• Ensure transparency in operations

• Build investor and customer trust

• Align with RBI's financial ecosystem

Engaging with a trusted NBFC Registration Consultant in India can help you stay compliant and focused on growth.

Post-Registration Compliance Checklist for NBFCs

1. Start Operations Within 6 Months

As per RBI norms, the NBFC must commence financial operations within six months of obtaining the NBFC license online. Failing to do so can result in cancellation of the license.

2. Capital Adequacy Maintenance

Maintain the prescribed Net Owned Fund (NOF) of at least ₹2 crores (or as applicable). This is a continuous requirement, not just for registration.

3. Board Resolutions and Policy Formulation

Prepare and implement internal policies such as:

• Fair Practice Code

• KYC & AML Policy

• Loan and Investment Policy

• Risk Management Framework

These should be approved by the Board of Directors and updated regularly.

4. Filing of Returns and Reports

Post NBFC Registration in India, you are required to file the following:

• NBS-1 & NBS-2: Financial and prudential returns

• DNBS-04A: Annual returns on critical parameters

• Statutory Auditors Certificate (SAC): Verifying asset size and compliance

• Filing through CIMS Portal: All filings must be made via RBI's online platforms

Consult an expert for smooth handling of online NBFC registration in India and ongoing compliance filings.

5. Statutory Audit and Tax Filings

Conduct an annual statutory audit and file:

• Income Tax Returns (ITR)

• GST Returns, if applicable

• Tax Audit Report (if turnover exceeds the limit)

6. Adherence to Prudential Norms

NBFCs must adhere to norms such as:

• Asset classification and provisioning

• Capital adequacy ratios

• Limits on credit concentration

Non-compliance may lead to RBI scrutiny or even cancellation of your license.

7. Registration with FIU-IND

All NBFCs must register with the Financial Intelligence Unit (FIU-IND) and file Cash Transaction Reports (CTR) and Suspicious Transaction Reports (STR) as part of their AML obligations.

8. Annual Disclosure Requirements

Companies must include regulatory disclosures in:

• Financial statements

• Website disclosures about products, grievance mechanisms, and contact info

• Auditor reports indicating NBFC compliance

Importance of a NBFC Registration Consultant in India

Navigating post-registration compliance is not just about ticking boxes — it requires expertise and constant vigilance. A reliable NBFC registration consultant offers:

• Timely filings and updates

• Legal and financial advisory

• Policy drafting and board support

• Help with RBI inspections and audits

For smooth operations and peace of mind, having a knowledgeable NBFC Registration Consultant in India can make all the difference.

How to Stay Compliant Using Technology

With digital tools and dashboards, companies can automate many aspects of compliance:

• Use cloud-based accounting for real-time tracking

• Automate filing reminders and alerts for due dates

• Maintain digital archives for audits

Those who choose online NBFC registration in India can also extend their tech-savvy approach to post-registration compliance management.

Final Thoughts

Compliance doesn't end with acquiring an NBFC license in India — it begins there. From maintaining adequate capital and filing regular returns to adhering to RBI's prudential norms, your responsibilities as a registered NBFC are ongoing and essential.

Ensure your operations remain compliant and future-ready with the help of professional consultants and digital tools. Whether you completed your NBFC registration online or via traditional methods, staying informed and prepared is the key to long-term success in India's financial sector.

Need Expert Guidance? Looking for end-to-end support from license to compliance? Connect with a trusted NBFC registration consultant today and simplify your journey from NBFC license online approval to full-scale operations.