Simplify Your NBFC Surrender Process with Expert Guidance
Are You Looking to Surrender Your NBFC License? We Can Help!
Navigating the complexities of surrendering a Non-Banking Financial Company (NBFC) license can be overwhelming. Whether you’re closing operations, restructuring, or opting for a different business direction, our team of experts is here to provide seamless support throughout the surrender process. From understanding RBI NBFC surrender guidelines to assisting with your NBFC license cancellation process, we have you covered.
Why Choose Our NBFC Surrender Services?
Comprehensive Guidance
We handle every step of the surrender process, ensuring you meet all regulatory requirements set by the Reserve Bank of India (RBI).
Expert Team
Our team of seasoned professionals specializes in NBFC compliance, ensuring a hassle-free and efficient surrender process.
Time & Cost Efficiency
Avoid unnecessary delays and expenses with our streamlined and transparent approach.
Customized Solutions
Every NBFC is unique. We tailor our services to meet your specific needs, offering personalized advice and solutions for NBFC surrender applications and compliance review.
The Process We Follow:
- Understanding your needs and the reason for surrender.
- Providing a roadmap for the process.
- Preparation and submission of all necessary documents, including board resolutions, audited financials, and a detailed justification for surrender.
- Filing the surrender application with the RBI.
- Responding to queries or additional requests from the regulatory body.
- Ensuring all statutory dues and compliance obligations are cleared before final submission.
- Liaising with the RBI for final approval and certificate of surrender.
Benefits of Surrendering Your NBFC License
- Cost Savings: Eliminate ongoing compliance costs and regulatory fees.
- Legal Clarity: Resolve liabilities and ensure full compliance with RBI norms.
- Business Flexibility: Free up resources for other ventures.
Schedule 30-minute call with our expert
Who Should Consider NBFC Surrender?
- Companies planning to shut down or merge operations.
- Entities unable to meet RBI’s compliance requirements.
- Businesses moving into a different industry or financial model.
Checklist for NBFC License Surrender
- Final Audited Financial Statements
- Board Resolution Approving Surrender
- Detailed Business Justification for Closure
- No-Dues Certificates from Stakeholders
- Compliance Clearance with RBI
Our Services
Expert consultation for RBI compliance
Preparation and review of surrender applications
Assistance with closing statutory accounts and dues
Liaison with RBI officials
Legal and regulatory advisory
FAQs - All Your Queries Answered
NBFCs may surrender licenses due to closure, mergers, inability to meet compliance, or business model changes.
The process typically takes 60-90 days, depending on the completeness of documentation and RBI’s review.
There are no penalties if all dues and compliance obligations are cleared before submission.
