Non Banking Financial Companies

In terms of Section 45-IA of the RBI Act, 1934, it is mandatory that every NBFC should be registered with RBI to commence or carry on any business of non-banking financial institution as defined in clause (a) of Section 45 I of the RBI Act, 1934.

However, to obviate dual regulation, certain category of NBFCs which are regulated by other regulators are exempted from the requirement of registration with RBI viz. venture capital fund/merchant banking companies/stock broking companies registered with Sebi, insurance company holding a valid certificate of registration issued by IRDA, Nidhi companies as notified under Section 620A of the Companies Act, 1956, chit companies as defined in clause (b) of Section 2 of the Chit Funds Act, 1982 or housing finance companies regulated by National Housing Bank.

We offer following services relating to NBFCs, namely:

• Registration of NBFCs
• Acceptance of Public Deposits
• Disclosure requirements
• Capital Adequacy
• Submission of Half-yearly returns
• NBFCs (Non Banking Financial Companies) compliances under RBI regulations
• FDI in NBFCs

Indirect Tax Planning and Management

Indirect Tax planning involves conceiving of and implementing various strategies in order to correctly interpret the law to come to the proper taxable amount. We assist you to have intact solutions of indirect taxation and allied matters.

We provide following services related to indirect taxation:

• Excise
• Customs
• Service Tax
• Value Added Tax (VAT )
• Import Export
• Filing of Returns
• Representation before various statutory authorities like CESTAT etc.