- Asset & Liability Management Advisory
Utmost vigilance should be taken on the management of Assets and Liabilities of a Company following the recent experience of debt default of a systemically important NBFC, which highlighted the vulnerability and the need for strengthening regulatory vigil, on the sector in general and on asset liability management (ALM) framework in particular. The capable team at Taxpert NBFC Solutions will ensure that your NBFC gets the right advise for mobilisation of its resources and balancing on the assets and liabilities.
- Business strategic advisory
Restructuring the business if done perfectly can be profitable or else make the company lose huge profits. Our qualified team have years of experience in restructuring various business verticals. We at NBFC Solutions will ensure that you get the right strategic advice at the right time for your business operations.
- Ensure Compliances
NBFC have to follow certain guidelines and directions issued by the relevant Regulatory Authority from time to time. These compliances can be in the form of Filing of Returns, Submission of any documents, Fulfilling criteria for Deposits, etc. The type of NBFC and the regulations applicable to them are as follows:
| Applicability | Regulations |
| All NBFCs | Reserve Bank of India Act, 1934 |
| NBFC- D (Deposit taking NBFCs) | Non-Banking Financial (Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 |
| All NBFCs | Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998 |
| NBFC- ND-SI
(Systemically important Non Deposit taking NBFC) |
Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015 |
| NBFC-ND-NSI (Non- Systemically important Non Deposit taking NBFC) | Non-Systemically Important Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2015 |
| All NBFCs | Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977 |
| All NBFCs | Non-Banking Financial Companies – Corporate Governance (Reserve Bank) Directions, 2015 |
| All NBFCs | Miscellaneous Instructions to all Non-Banking Financial Companies |
| All NBFCs | Miscellaneous Instructions to NBFC- ND-SI |
| All NBFCs | Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2008 |
| NBFC-D
NBFC-ND-SI |
Frauds –Future approach towards monitoring of frauds in NBFCs |
| All NBFCs | Fair Practice Code |
| All NBFCs | Know Your Customer’ (KYC) Guidelines – Anti Money Laundering Standards (AML) – ‘Prevention of Money Laundering Act, 2002 – Obligations of NBFCs in terms of Rules notified thereunder |
| All NBFCs | Returns to be submitted by NBFCs |
| All NBFCs | Raising Money through Private Placement by NBFCs – Non-Convertible Debentures etc. |
| All NBFCs | Rounding off transactions to the Nearest Rupee by NBFCs |
| All NBFCs | Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalizing Distressed Assets in the Economy |
| All NBFCs | Requirement for Obtaining Prior Approval of RBI in Cases of Acquisition / Transfer of Control of NBFCs |
- Legal, regulatory, accounting and taxation advisory
Once the business is set up, various legal, regulatory, accounting and taxation regulations need to be followed. With the progressive changes and updates in the existing laws, monitoring the same and smooth functioning of business operations might become difficult. The skilled team at NBFC Solutions can provide you regular assistance and advisory services on such regulations and ensure that the records and business operations of your company is current and up-to-date.