Non-Banking Financial Company (NBFC) registration with the Reserve Bank of India (RBI) involves a systematic process. First, the applicant must incorporate the company under the Companies Act, 2013. The minimum net owned funds (NOF) requirement of ₹2 crores must be met. Key documents like incorporation certificates, MOA, AOA, and financial plans are submitted along with the application through the RBI’s COSMOS portal. After due diligence and verification, the RBI issues the Certificate of Registration (CoR), authorizing the company to operate as an NBFC.
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