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NBFC Annual Compliance & Regulatory Filing Services

NBFC Annual Compliance in India

RBI and MCA NBFC Compliance Assistance for applicable annual and periodic requirements - Starting @ ₹29,999

Assistance with RBI return preparation, MCA filings, ALM review, Fair Practices Code review, and KYC / AML compliance. Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
  • Assistance with applicable RBI returns and filing coordination
  • MCA annual filing support for AOC-4, MGT-7, and DIR-3 KYC
  • ALM, CRILC, and prudential review support, as applicable
  • CRAR and NOF working paper review
  • Fair Practices Code and KYC / AML compliance support
  • Board, audit, and documentation assistance
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Stay aligned with RBI and MCA compliance requirements?

NBFC non-compliance can lead to monetary penalties, supervisory restrictions, and Certificate of Registration issues. Get structured compliance assistance for ongoing obligations.

Here's How It Works

01

Fill the Form

Simply fill the above form to get started.

02

Call to discuss

Our team will connect with you and explain the next compliance steps.

03

Manage NBFC compliance with expert assistance

Our team assists with return preparation, documentation review, filing coordination, and compliance tracking for your NBFC.

Simple & Transparent Pricing

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NBFC Compliance Assistance Package

From ₹29,999 IncorpX professional fee for assistance

Timeline depends on the application type and authority review

Application support Professional assistance
  • Initial compliance review
  • Assistance with applicable RBI returns
  • MCA filing support for AOC-4 and MGT-7
  • DIR-3 KYC support
  • ALM and CRILC working support, as applicable
  • CRAR and NOF review support
  • Board and audit documentation assistance
  • Compliance calendar and reminders
  • Dedicated coordination support

*Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.

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Application support

Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.

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Our proprietary AI engine supports each stage of business setup, from name suggestion checks to document drafting and compliance tracking.

  • AI-Powered Business Name Approval Check
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IncorpX PrimeIncorpX Prime

A comprehensive package for startups and expanding enterprises seeking a compliant incorporation process.

Key Benefits

  • Personalised support from dedicated incorporation specialists.

  • Application prepared and filed within 2 days.

  • 24/7 customer assistance.

Important Notes

  • We strive to help secure approval for your preferred business name whenever feasible.

  • Alternative name suggestions are provided if the preferred name is not approved.

Package includes first-year compliance services: auditor appointment, annual filings, and related obligations.

What is NBFC Annual Compliance?

NBFC Annual Compliance is the umbrella term for all periodic and annual regulatory obligations that a Non-Banking Financial Company must fulfil to maintain its Certificate of Registration (CoR) with RBI and its active company status with the Registrar of Companies. It encompasses two distinct but overlapping compliance streams: RBI compliance (sector-specific) and MCA compliance (corporate governance).

Unlike regular companies that report only to MCA, NBFCs operate under a dual regulatory framework. The RBI monitors their financial health, lending practices, asset quality, capital adequacy, and systemic risk through periodic returns. The MCA ensures corporate governance standards are maintained through annual filings, board meetings, and audited financial disclosures. Both regulators have independent penalty mechanisms for non-compliance.

The compliance requirements vary based on the NBFC's asset size, type of activities (lending, investment, microfinance, housing finance), and whether it accepts public deposits. The RBI's Scale-Based Regulation (SBR) framework categorises NBFCs into four layers - Base Layer, Middle Layer, Upper Layer, and Top Layer - with progressively stricter compliance requirements at each level.

NBFC Compliance Structure

Key Aspects of NBFC Compliance:


  • RBI Returns: Applicable RBI returns and working papers prepared according to the NBFC category, with submission coordinated through the RBI Online Portal (rbi.org.in) and XBRL-based workflows, as applicable.
  • MCA Filings: Annual return (MGT-7), financial statements (AOC-4), and director KYC (DIR-3 KYC) filed on the MCA portal.
  • Capital Adequacy: Maintenance of minimum 15% CRAR with Tier-I capital not less than 10% of risk-weighted assets.
  • Corporate Governance: Board meetings (4/year), AGM, auditor appointment, Fair Practices Code, and KYC/AML compliance.

Regulatory takeaway

RBI places strong emphasis on timely returns, capital adequacy, governance records, Fair Practices Code implementation, and KYC / AML controls. Maintaining an updated compliance calendar and clean supporting records helps reduce the risk of supervisory action and delays in future regulatory interactions.

Fair Practices Code Requirements:

The Fair Practices Code (FPC) is a comprehensive customer protection framework mandated by RBI for all NBFCs. The Board of Directors must approve the FPC and ensure its implementation across all business activities. Key FPC requirements include:

All loan applications must be accompanied by an acknowledgement receipt with timeline for processing
Loan sanction letters must clearly mention the amount, rate of interest, repayment schedule, and all applicable charges
No charges can be levied without prior disclosure and written consent from the borrower
Interest rate changes must be communicated to borrowers well in advance with option to switch
A Grievance Redressal Officer must be designated with name and contact details displayed prominently
Recovery agents must not resort to intimidation, humiliation, or harassment. No recovery calls before 8 AM or after 7 PM
Board-approved interest rate policy must be published on the NBFC's website and at branch offices
Annual FPC compliance review by the Board with minutes recorded and made available for RBI inspection

Audit Requirements for NBFCs:

NBFCs should maintain audit-ready records for statutory reporting, RBI inspection readiness, and internal control testing.
Review typeTypical requirementKey focus areas
Statutory auditAnnual audit under company lawFinancial statements, disclosures, and supporting schedules
RBI inspection readinessRecords should be available for supervisory reviewReturns, prudential norms, FPC, KYC / AML, and governance
Internal control reviewPeriodic management review or internal auditAsset classification, provisioning, data integrity, and process control
Tax audit / direct tax reviewWhere Income-tax Act thresholds require itTax computation, reporting, and supporting reconciliations

Penalties for NBFC Non-Compliance:

NBFC non-compliance can trigger both RBI enforcement and MCA consequences. The exact penalty depends on the contravention, the governing law, and the return involved.

IssueAuthorityPossible consequence
Contravention of RBI directions or reporting requirementsRBIMonetary penalties under the RBI Act, 1934, which may extend up to ₹10 crore depending on the contravention, along with supervisory directions
Serious prudential or governance failureRBIRestrictions, corrective action, or cancellation of the Certificate of Registration
Late MCA filingMCAAdditional filing fees and Companies Act consequences based on the form and delay period
DIR-3 KYC defaultMCADIN deactivation until the KYC filing is regularised, with the prescribed MCA fee
FPC or KYC / AML non-complianceRBI / FIU-INDMonetary penalty, corrective directions, and enhanced supervisory scrutiny

Why Choose IncorpX for NBFC Compliance?

RBI-focused assistance for return mapping, documentation review, and filing coordination.
Professional assistance package starting at ₹29,999. Government / statutory fees are charged separately at actuals.
Compliance calendar support for recurring RBI and MCA obligations.
Single coordination point for document collection and follow-up.
CRAR, NOF, ALM, and governance review support.
Assistance with board, audit, and filing documentation in the required format.
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