Anil Agarwal & Associates is a well-established firm of Company Secretaries specializing in Secretarial Audits, Investment Projects, RBI Compliance, Legal & Secretarial Advisory, Project Financing, and expert assistance in Takeover of NBFC Companies and BSE Listed Companies.

With decades of experience, we have built a strong niche in NBFC Takeover Services and launched a dedicated platform — www.takeovernbfc.com — to make the process of Selling, Buying & Taking Over NBFC Companies simple, fast, and fully compliant with RBI regulations.

We offer a complete end-to-end turnkey solution, including identifying suitable NBFC companies across India, drafting legal documents, preparing KYC and compliance papers, obtaining RBI approval for change in management, and executing Share Purchase Agreements (SPA).

Our Expertise in NBFC Takeover

We provide a single, unified platform for NBFC Takeover, ensuring smooth facilitation for:

✔ Sellers

Businesses wishing to exit or unable to continue NBFC operations can sell their NBFC easily, confidentially, and with full compliance.

✔ Buyers / Acquirers

We help aspiring acquirers locate suitable NBFC companies based on their requirements and complete the takeover process under expert supervision.

Complete Takeover Procedure Includes:

• Drafting of MoU / Term Sheet
• Preparation of KYC & compliance documents as per RBI norms
• Filing of RBI application for change in management
• Coordinating with RBI until approval
• Executing Share Purchase Agreement (SPA)
• Assistance in Board restructuring and complete management change

Our Track Record

✔ 14 NBFC Takeovers (Unlisted) completed successfully
✔ 1 BSE Listed Company Takeover completed
✔ Successfully handled NBFC takeovers after the RBI’s 26 May 2014 circular, which made RBI approval mandatory
✔ Served clients in Mumbai, Raipur, Chennai, Cochin, Thrissur, Bangalore, Kolhapur, Hyderabad, Bijapur
✔ Liaised with RBI offices in Trivandrum, Bangalore, Mumbai, Hyderabad, Chennai, Chandigarh

Why Choose Us

We are committed to delivering accurate, practical and timely solutions with integrity, professionalism, and dedication.

We ensure:

• 100% Quality in every consultation
• Expert recommendations, not just observations
• Fast turnaround time
• Deep subject expertise in NBFC laws & RBI compliance
• Complete support from identification to final takeover

Our approach blends knowledge, experience, and creativity to give clients a seamless, secure, and smooth NBFC takeover experience.

NBFC – Frequently Asked Questions (Updated as per RBI FAQs)

Below is a user-friendly, professionally rewritten version of the NBFC FAQ based on information taken from RBI guidelines.

1. What is a Non-Banking Financial Company (NBFC)?

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act that engages in financing activities such as loans, advances, investments in securities, hire-purchase, leasing, insurance, and chit business. However, companies whose primary business is agriculture, industry, or trading of goods are not treated as NBFCs.

2. How is an NBFC different from a Bank?

Although NBFCs perform functions similar to banks, they differ in key ways:

• NBFCs cannot accept demand deposits
• NBFCs cannot issue cheques
• NBFC deposits are not insured by DICGC

3. Is registration with RBI mandatory for all NBFCs?

Yes. Under Section 45-IA of the RBI Act, a company must obtain a Certificate of Registration (CoR) from RBI and maintain a minimum Net Owned Fund to operate as an NBFC.
However, entities regulated by other regulators (SEBI, IRDA, NHB, MCA) are exempt.

4. Types of NBFCs

NBFCs are classified based on:

• Deposits (Deposit-taking / Non-deposit taking)
• Size (Systemically Important / Others)
• Activities

Major categories include:

• Asset Finance Company (AFC)
• Investment Company (IC)
• Loan Company (LC)
• Infrastructure Finance Company (IFC)
• Core Investment Company – CIC-ND-SI
• NBFC-MFI (Micro Finance Institution)
• NBFC-Factor
• IDF-NBFC (Infrastructure Debt Fund)

5. Registration Requirements

To register as an NBFC:

• Must be a company incorporated under the Companies Act
• Must have minimum ₹2 crore Net Owned Funds
• Must apply to RBI for a Certificate of Registration

6. What is ‘Deposit’ and ‘Public Deposit’?

A deposit includes any receipt of money by way of loan or deposit except:

• Share capital
• Money received from banks or government institutions
• Security deposits, advance money, dealership deposits
• Director’s deposits
• Inter-corporate loans
• Certain categories are excluded from “Public Deposit” under RBI directions.

7. Can NBFCs accept deposits from NRIs?

Only via NRO account and not through inward remittance. Fresh NRI deposits are not permitted beyond this.

8. Nomination Facility

Available as per RBI provisions using DA-1, DA-2, and DA-3 forms.

9. Things Depositors Should Keep in Mind

• NBFC deposits are unsecured
• Always collect a proper deposit receipt
• RBI does not guarantee repayment or financial health of NBFCs
• No deposit insurance is available

10. Are NBFCs required to obtain a credit rating?

Yes. Unrated NBFCs (with limited exceptions) cannot accept public deposits.

11. What happens if the rating is downgraded?

NBFC must:

• Stop accepting deposits
• Inform RBI within 15 working days
• Reduce public deposits to permissible limits within 3 years

12. If an NBFC defaults in repayment, what can a depositor do?

A depositor may approach:

• Company Law Board (CLB)
• Consumer Forum
• Civil Court

13. Responsibilities of NBFCs Accepting Deposits

They must submit returns such as

• NBS-1, NBS-2, NBS-3, NBS-4
• ALM Returns
• Credit Rating Report
• Annual and quarterly financial statements

14. Compliance for Non-Deposit Taking NBFCs

Depending on asset size, returns like

• NBS-7
• Monthly financial parameters
• ALM returns
• Board resolution confirming no deposit acceptance

15. NBFCs Exempted from RBI Registration

• Housing Finance Companies
• Merchant Bankers, Venture Capital Funds
• Stock Exchanges & Brokers
• Insurance Companies
• Nidhi Companies
• Chit Funds

16. What is a Residuary Non-Banking Company (RNBC)?

RNBCs primarily mobilize deposits under schemes and must maintain special investment requirements. They operate differently from standard NBFCs and have additional prudential norms.

If you'd like, I can also prepare:

✅ Website Landing Page Content
✅ Short About Us Version
✅ Service Page for NBFC Takeover
✅ SEO Meta Title & Description
✅ Brochure Content
✅ Google My Business Description
✅ FAQs in collapsible website format

Vision

To become India’s most trusted and comprehensive regulatory, certification, and corporate advisory partner, enabling businesses to grow seamlessly, operate compliantly, and achieve sustainable success across global markets.

Mission

• To simplify complex certification, licensing, and compliance processes for businesses of all sizes.
• To support companies with reliable corporate services, including NBFC takeovers, listed company acquisitions, due diligence, and legal–financial advisory.
• To empower manufacturers, importers, and exporters with smooth approvals for BIS, WPC-ETA, TEC, IEC, EPR, and other statutory mandates.
• To deliver transparent, time-bound, and client-centric solutions that strengthen business foundations and support long-term growth.
• To continuously evolve our expertise and service quality, ensuring every client receives accurate guidance and complete regulatory confidence.