NBFC – ICC Registration Services
Unlock the Potential of Your Financial Ventures with Next-Gen Business & Financial Consulting (NBFC)
Our expert team guides you through every NBFC-ICC registration process step, ensuring full compliance with RBI requirements.
All About
NBFC – Investment and Credit Company (NBFC-ICC)
In a strategic move to enhance operational flexibility, the Reserve Bank of India (RBI) introduced the “Harmonization of Non-Banking Financial Companies (NBFCs) Categories” on February 22, 2019. This initiative merged asset finance companies, loan companies, and investment companies into a single category: the NBFC – Investment and Credit Company (NBFC-ICC). This change aligns with the RBI’s goal of implementing “activity-based regulation” rather than regulating entities separately.
An NBFC-ICC is a financial institution that blends credit and investment activities, providing loans, advances, and investing in securities— helping bridge the gap between traditional banking and the evolving financial market needs.
With this new framework, NBFCs can manage their asset allocation more freely, offering greater flexibility in their operations.
Benefits of the NBFC-ICC Framework:
Operational Flexibility:
Operational Flexibility:
Market Bridging:
Market Bridging:
Scalability:
Scalability:
The Impact of Harmonization: A Game-Changer for NBFCs
The introduction of the unified NBFC-ICC category brings new advantages to the table:
- Operational Flexibility: The harmonization allows greater flexibility in managing financial products. For instance, the income requirement for asset finance companies has been reduced from 60% to 50%, which means you have more room to diversify and grow.
- Consistent Regulations: With a standardized set of regulations across the NBFC sector, you’ll benefit from a simplified compliance structure, reducing the complexity and cost of operations.
Are you a high-net-worth individual looking to establish an NBFC-ICC in India?
At NBFC Advisory, we specialize in NBFC-ICC Registration, offering expert guidance and comprehensive support to sailing the complex registering with the Reserve Bank of India (RBI). Our team ensures you fully comply with regulatory requirements, making the process simple and straightforward.
How We Help:
- Enhance Operational Efficiency: Streamline your financial operations under the NBFC-ICC framework.
- Promote Financial Inclusion: Contribute to the financial ecosystem by offering credit and investment services.
- Strengthen Regulatory Oversight: Operate confidently with full compliance under RBI’s regulatory environment.
Schedule 30-minute call with our expert
Take your next big step NOW.
The financial services industry in India is upgrading immensely, and becoming an NBFC-ICC positions you to stay ahead of emerging trends. By combining credit and investment activities, NBFC-ICCs can embrace digital lending, leveraging technology to offer faster, more accessible loans. Driving innovation and capitalizing on new opportunities that leave competitors behind.
So don’t just adapt to change – seize it.
We know how to do it:
The NBFC Registration Process
Initial Consultation:
Understand your requirements and assess eligibility.
Documentation:
Compile necessary documents as per RBI guidelines.
Application Submission:
Draft and submit the application to the RBI.
Follow-up and Compliance:
Address any queries from the RBI promptly to ensure timely processing.
Approval and Certification:
Receive the NBFC-ICC registration certificate once all requirements are met.
Why Choose NBFC for Your NBFC-ICC Registration?
Expert Guidance: Leverage the knowledge of our seasoned professionals, including Chartered Accountants (CA), Company Secretaries (CS), and legal experts with over 10 years of experience.
Regulatory Compliance: Ensure adherence to all RBI guidelines and regulations throughout registration.
Proven Success: Join over 100 satisfied clients with a 99% success rate in RBI applications.
Our Services
NBFC-ICC Registration
We provide end-to-end assistance for the NBFC-ICC registration process, including:
Application Drafting :
Crafting precise and compliant applications.
Business Plan Development :
Formulating robust business plans to meet RBI standards.
Liaison with RBI :
Managing communications and follow-ups with the RBI to expedite approval.
Don't take our word for it:
Hear What Our Clients Say About Us:
NBFC Adviory team made the complex RBI registration process seamless. Their expertise is unparalleled
With NBFC Advisory’s guidance, we obtained our NBFC-ICC license efficiently. Highly recommended!
Get Started and Register Your NBFC-ICC Successfully!
Our mission is to Make it Count. Don’t let the complexities of NBFC registration slow you down. With NBFC Advisory by your side, you can focus on your business’s growth while we take care of the legalities and regulatory requirements.
FAQs - All Your Queries Answered
The applicant must be a company registered under the Companies Act with a minimum net owned fund as specified by the RBI.
The process typically takes between 90 to 120 days, depending on the completeness of documentation and RBI’s processing time.
Only NBFCs with specific authorization from the RBI can accept public deposits. NBFC-ICCs must comply with RBI regulations regarding deposit acceptance.
Embark on your journey to become a registered NBFC-ICC with the support of industry experts.
