Eligibility Criteria for NBFC Registration in India

To be eligible for NBFC registration in India, the applicant must meet certain criteria. Firstly, the entity should be registered as a company under the Companies Act, 2013, and have the primary objective of engaging in financial activities. Secondly, it must have a minimum net owned fund (NOF) of Rs. 2 crores, which may vary depending on the specific NBFC category. Additionally, the entity's directors should meet the fit and proper criteria set by the Reserve Bank of India (RBI). Meeting these eligibility criteria is essential for successfully obtaining NBFC registration in India. Let’s understand about the NBFC Registration in this article. Also, if you want obtain NBFC Registration, feel free to contact, the professional team will assist you throughout the process.