Posts In: NBFCs

MCA deploys e-form AOC-4 NBFC (Ind AS) for filing financial statement and other documents with the Registrar for NBFCs

February 14, 2020 CORP, NBFCs, states 0

The “News and Important Updates” section, the Ministry of Corporate Affairs (“MCA”) has informed that Form AOC-4 NBFC (Ind AS) is available for filing as e-Form w.e.f 11th February...

Continue Reading

PIB releases information stating the various steps taken by the Government to enhance credit flow for NBFCs

February 7, 2020 CORP, NBFCs, states 0

In a press release dated 4th February, 2020 the Union Minister of State for Finance & Corporate Affairs has enumerated the following steps that have...

Continue Reading

MCA amends Companies (Accounts) Rules, 2014; NBFCs to whom IND AS is applicable must mandatorily file Forms AOC-4 NBFC (Ind AS) & AOC-4 CFS NBFC (Ind AS); extends time for filing the forms till 31.03.20

February 6, 2020 CORP, NBFCs, states 0

In a Notification dated 30th January, 2020 the Ministry of Corporate Affairs (“MCA”) has issued the Companies (Accounts) Amendment Rules, 2020 (“Amendment Rules”) in order...

Continue Reading

RBI revises the Liquidity Risk Management Framework applicable to NBFCs; lays down the timeline and types of NBFCs which should adhere to the Introduction of Liquidity Coverage Ratio (LCR)

November 11, 2019 NBFCs, OPS, states 0

In a Notification dated 4th November, 2019, the Reserve Bank of India (“RBI”) has issued a revised Liquidity Risk Management Framework for Non-Banking Financial Companies (‘NBFC”)...

Continue Reading

RBI amends KYC Norms for Regulated Entities; allows use of Aadhar for KYC with the consent of customers

June 4, 2019 CORP, NBFCs, states 0

In line with the amendments to the Prevention of Money-laundering (Maintenance of Records) Rules, 2005 and the Aadhaar and other Laws (Amendment) Ordinance, 2019, the Reserve Bank of...

Continue Reading

Delhi Police orders NBFCs to install CCTVs, maintain record of visitors, provide protection to employees and restrict huge cash transactions after sunset; effective from 2nd April, 2019-31st May, 2019

Assistant Commissioner of Police (Sub Division Chanakya Puri, New Delhi District) has, in an order dated 30th March, 2019, under section 144* of the Code of Criminal...

Continue Reading