NBFC Annual Compliance Services
Running an NBFC is not just about lending — it’s about running a tightly regulated financial institution under the continuous oversight of the Reserve Bank of India. From monthly and quarterly returns to annual audits, board governance, and Scale-Based Regulatory (SBR) compliance, the compliance calendar of an NBFC is unusually demanding, and any slip can attract penalties, supervisory action, or even cancellation of the Certificate of Registration.
In recent years, RBI has significantly raised the bar through the Scale-Based Regulatory (SBR) Framework, revised NPA norms, digital lending guidelines, KYC/AML tightening, and enhanced fair practices code obligations. NBFC boards and CFOs are expected to demonstrate not just compliance, but mature governance, data integrity, and real-time monitoring.
We offer end-to-end NBFC annual compliance services — covering Companies Act filings, RBI returns, NPA classification, corporate governance, statutory audit support, transfer pricing, GST, and ongoing advisory — so your NBFC stays compliant, audit-ready, and fully aligned with RBI expectations through the year.
Our NBFC Annual Compliance Services
RBI Returns & Filings
Preparation and filing of NBS-1, NBS-2, NBS-7, ALM, CRILC, and other periodic RBI returns.
MCA / ROC Compliance
AOC-4, MGT-7, DIR-3 KYC, INC-20A, board and AGM compliance under the Companies Act.
Statutory Audit Support
Year-end closure, NBFC-specific disclosures, provisioning, and auditor coordination.
NPA & Provisioning
Asset classification, income recognition, and provisioning as per RBI norms and Ind AS.
Corporate Governance
Board composition, committees, risk framework, and SBR-layer governance requirements.
KYC / AML / PMLA
Customer due diligence, PMLA reporting, STR/CTR filings to FIU-IND, and KYC policies.
Tax, TDS & GST
Income tax return, advance tax, TDS returns, GST returns, and transfer pricing compliance.
Policy & Framework Refresh
Annual refresh of credit policy, FPC, risk, IT, outsourcing, and digital lending policies.
Key RBI Returns for NBFCs
| Return | Purpose | Frequency |
|---|---|---|
| NBS-1 | Quarterly return on assets, liabilities, income and expenses | Quarterly |
| NBS-2 | Prudential norms, CRAR, NPA classification & provisioning | Quarterly |
| NBS-3 | Statutory liquid assets held by NBFCs-D | Quarterly |
| NBS-7 | Structural profile, capital adequacy and asset quality | Quarterly |
| NBS-8 / NBS-9 | Annual return for NBFCs based on asset size | Annually |
| ALM Returns | Asset Liability Management and liquidity risk monitoring | Monthly / Quarterly |
| CRILC | Large exposure reporting to the Central Repository | Quarterly |
| FC-GPR / FC-TRS | FDI / transfer of shares involving foreign investors | Event-based |
| Annual FLA | Foreign Liabilities and Assets Return to RBI | Annually |
NBFC Annual Compliance Calendar (Key Filings)
ALM Returns & GST
Monthly ALM reporting (where applicable) and GST returns (GSTR-1 & GSTR-3B).
NBS Returns & CRILC
NBS-1, NBS-2, NBS-7, ALM, and CRILC returns to RBI post each quarter-end.
Board Meetings
Minimum 4 board meetings a year with review of portfolio, risk, and compliance status.
TDS Q4 Deposit
Deposit of Q4 TDS and payment of closure-related statutory dues.
TDS Q4 Return
Filing of Q4 TDS return (24Q, 26Q) for the previous financial year.
NBS-7 & Year-End
Year-end NBS-7 and NBS-9 submissions post audited financials, where applicable.
Annual FLA
FLA return to RBI on foreign liabilities and assets for companies with FDI.
AGM & DIR-3 KYC
Annual General Meeting within 6 months of FY end and DIR-3 KYC for directors.
Form AOC-4
Filing of financial statements with the Registrar of Companies.
Tax Audit & 3CEB
Filing of tax audit and Form 3CEB (transfer pricing) where applicable.
Form MGT-7
Annual return filing with ROC, including shareholding and governance details.
ITR Filing
Income tax return filing (extended date) for companies subject to audit.
Compliance Under RBI’s SBR Framework
Base Layer
Non-deposit taking NBFCs with asset size below ₹1,000 crore; moderate compliance expectations.
Middle Layer
NBFCs with asset size ₹1,000 crore and above, deposit-taking NBFCs, and specified categories.
Upper Layer
Top NBFCs identified by RBI based on scoring methodology; face bank-like enhanced regulation.
Top Layer
Currently empty, but may be populated by RBI if systemic risks significantly increase.
Our Compliance Approach
Onboarding
Review CoR, MOA, past filings, policies, and previous inspection or scrutiny reports.
Calendar
Build a customized compliance calendar mapped to your SBR layer and activities.
Execution
Prepare and file monthly, quarterly, and annual RBI, ROC, tax, and GST returns.
Governance
Support board meetings, minutes, committees, and policy refresh cycles.
Monitoring
Dashboard-based tracking of compliance status, red flags, and upcoming due dates.
Why Partner with Us for NBFC Compliance
FAQs on NBFC Annual Compliance
Run a Clean, Audit-Ready, Fully Compliant NBFC
Partner with our specialists for end-to-end NBFC annual compliance — RBI returns, MCA filings, audit support, SBR governance, and policy refresh, all under one roof.
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