Meeracorp Private Limited
Meeracorp Private Limited
East of Kailash, New Delhi, Delhi
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NBFC REGISTRATION IN DELHI

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Core Investment Company

Core Investment Company
  • Core Investment Company
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Approx. Price: Rs 1.5 Lakh / UnitGet Latest Price

Product Details:

Methods Of Cash EquivalentVenture Capital
Type Of CompanyPrivate Limited Company
Types Of Fund InvestmentMutual Funds
Requirement FrequencyOne Time
Types Of InvestementOwnership Investement
Methods Of Ownership InvestementBusiness

  • Their core business activity is borrowing and lending money only to its members.
What is core investment company?

Core Investment Companies are limited companies holding equity shares, preference shares or debentures in other group companies. Often such companies are mainly establishing as group businesses and who controls the subsidiaries by holding majority shareholding and is defined as NBFCs by the RBI. Core investment company can not do trading of shares or debentures. RBI now approves that only those CICs having a net asset size of Rs.100 crore and above shall be recognized as systemically important core investment companies.

Core investment company can be classified in following categories
  • CIC is maintaining not less than 90% of net sales as Shares or debentures or bond or loan and advance in the group companies.
  • CIC's investments in the equity shares in group companies shall be not less than 60 percent of net assets. Net assets shall be determined as per the last audited balance sheet.
What is the registration requirement for core investment companies?
  • CIC (core investment company) with Asset size less than Rs. 100 Crore are excepted from license requirement from RBI under Section 45-IA of the RBI Act.
  • CICs with the assets size above Rs. 100 Crore if they are not accessing the public fund in any form direct or indirect are exempted from RBI License.
  • CICs having the asset size of 100 crore or above and accessing the public fund in any form deposit or debenture or bond are required to obtain approval from RBI under section 45-IA of the RBI Act.
What is Minimum Capital Adequacy Ratio and Leverage Ratio?

Leverage Ratio: Core investment companies are required to ensure that its total outside liabilities do not exceed 250% of adjusted net worth on the 1st April of the financial year.

Capital Adequacy Ratio: For every CIC-SI minimum capital adequacy ratio should be 30% of the adjusted net worth. Adjusted net worth means considering all off balance sheet item.

What is the adjusted Net worth?

Following calculation, need to be understood to calculate the adjusted Net worth as Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

  • Net owned fund as per last audited balance sheet
  • +Plus
  • 45% of the amount standing to credit of revaluation reserve
  • +Plus
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Microfinance Company Registration

Microfinance Company Registration
  • Microfinance Company Registration
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Approx. Price: Rs 1.5 Lakh / UnitGet Latest Price

Product Details:

Type of ServiceNew company registration
Type of OwnershipCooperative
Company TypeIndustrial
Number of Employees>50
Type of Registration File E-Filing

  • Name Approval From RBI.
  • Micro finance Company Registration.
  • Micro Finance Business Plan.
  • Micro Finance License from RBI
  • What is an NBFC-MFI?

    Micro Finance Institution (MFI) is a non-deposit taking NBFC (other Than a company licensed under section 8 of the Companies Act. 2013)

    NBFC performs banking at small level as a bank does. MFI Exist at very small level than NBFC.

    MFI stands for Micro Finance Institutions are providing similar lending services as NBFC to the poor and weak sections of the society who do not have access to regular banking facilities. MFI Provides small loan amount Rs. 10,000 to 20,000 to start a business.

    India is world No.2 fastest growing economy with a large population. Government banks and private sector banks can not open their branch in every village. Though, Indian banks have increased their presence but still have limited reach in remote areas. Micro fiancé institutions (MFI) mainly working in villages / remote area to empower farmers and small business in villages.

    NBFC is to be registered NBFC-MFI the minimum paid-up capital should be not less than Rs. 5 crores. If an NBFC-MFI registered in North-east region of the India the minimum paid capital requirement is only Rs. 2 Crore. NBFC-MFI has to maintain 85% as Qualifying assets all the time..
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Prepaid Wallet License

Prepaid Wallet License
  • Prepaid Wallet License
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Approx. Price: Rs 15 Lakh / UnitGet Latest Price

Product Details:

International Cards to be acceptedYes
Requirement for International TransactionsYes
Mobile SupportYes
Payment Methods AvailableCredit Card, Debit Card, E-Wallet, Netbanking
Website Security ProtocolHTTPS

  • Prepaid Wallet Registration with RBI
  • Advice on Wallet Type (Open, Closed & Semi-Closed)
  • Prepaid Wallets IT Planning as per RBI Guidelines.
  • Operation license from RBI.
What is prepaid wallet License?

Prepaid Payment Instruments, also known as PPIs, are the payment instruments which facilitates the goods and services transactions conducted by the consumer, including financial services, remittance facilities etc., against the value stored on such instruments. The PPIs have emerged as a smart and convenient method of initiating cashless transaction in the recent times where the country has experienced a whole lot of cash crunch. It is an effective way of payment carried out it transparency, scalability and accountability.

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Asset Reconstruction Company Registration

Asset Reconstruction Company Registration
  • Asset Reconstruction Company Registration
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Approx. Price: Rs 1,500 / UnitGet Latest Price

Product Details:

Mode of ServiceOnline
Type of Service Provider Research Company, Individual Consultant
Number of Employees>50
Type of Registration File E-Filing
Registered Period >1 Year

  • 100% NBFC-ARC License Assured
  • ARC Registration with Registrar of companies
  • ARC Business Plan
  • ARC – NBFC-ND, CAT-2 License from RBI
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NBFC Registration

NBFC Registration
  • NBFC Registration
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Approx. Price: Rs 15 Lakh / UnitGet Latest Price

Product Details:

Type of ServiceNew company registration
Type of OwnershipLimited Liability Company
Company TypeServices, Apparels, Industrial, Electronic

  • 100% NBFC License Assured
  • NBFC Registration with Registrar of companies
  • NBFC Business Plan
  • NBFC License from RBI
What is an NBFC?

A Non-Banking Financial Company (NBFC) provides banking and other lending services without meeting the legal definition of a bank. It is Incorporated under Companies Act, 2013 or Companies Act, 1956 (Old). Every NBFC has to obtain Commencement of business certificate from RBI as defined under Section 45 I(a) of the RBI Act. NBFC shall not commence or carry on the business of Non- Banking Financial Institution without obtaining a Certificate of Registration issued by the Reserve Bank of India. NBFC registration or NBFC License can be obtained in 90-120 days.

The principal business of NBFC is providing loans and advances, acquisition of shares, debentures and other stocks issued by Government or other local authorities, insurance business, leasing, hire-purchase, etc. Moreover, any other non-banking institution, incorporated as a company under the Companies Act and having the principal business of receiving deposits under any scheme or arrangement in one lump sum or installment, is also a non-banking financial company (NBFC).

In general, NBFC is filling up the gap of financial needs for the organized and unorganized section of the population. In the recent times, banks have targeted big commercial houses and individuals with excellent credit rating as their prime customers; This provided NBFCs with an opportunity to enlarge its presence in the financial market.

What are the Types of NBFC in India? By nature of the activity, they undertake, NBFCs can be categorized into the following:
  • Asset Finance Company.
  • Investment Company.
  • Loan Company.
  • Infrastructure Finance Company.
  • Core Investment Company.
  • Micro Finance Company.
  • Mortgage Guarantee Company.
  • Housing Finance Company.
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  • Pay Mode Terms: T/T (Bank Transfer),Other
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Small Finance Bank License

Small Finance Bank License
  • Small Finance Bank License
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Approx. Price: Rs 1,500 / UnitGet Latest Price

Product Details:

Financial ServicesForex Services, Postal Life Insurance, Mutual Funds, Money Remittance Services, Post Office saving schemes
SegmentsCards

  • Management Audit of Existing Finance Company
  • Audit of Loan book
  • Review of internal control System
  • Review of Your Software & It Intrastate
  • Filling of application for Small bank license
  • End to end follow-up with RBI- DB
  • Small finance Bank License assured in 2 years
How to apply for Small Finance Bank License?

Small finance bank shall be registered as a public limited company under the Companies Act, 2013 and will be licensed under Section 22 of the Banking Regulation Act, 1949 and governed by the provisions of the Banking Regulation Act, 1949 and Reserve Bank of India Act, 1934 and with other relevant Statutes and the Directives/Regulations and other Guidelines/Instructions issued by RBI and other regulators from time to time.

Reserve Bank of India wants to serve rural & semi-urban areas such as small businesses, unorganized sector, low-income households, farmers and migrant workforce through Small Finance Banks.

Small finance banks are a type of niche banks. These type of banks carrying small finance bank license provides basic banking services related to acceptance of deposits and lending. Their main aim is to provide financial services to those sections of the economy which are not being served by the other banks, such as small business units, small and marginal farmers, micro and small industries and entities of the unorganized sector.

Small Finance Banks make money by collecting money from current account & saving account depositors, fixed depositors, commercial papers, Wholesale deposits, refinancing etc. On saving account they offer interest rates between 6 to 7 % subject to conditions. On fixed deposit around 9%, interest is offered. SFBs offers two types of products such as group loans & individual loans. These products can be further divided into agricultural, education, home improvement, home purchase, livestock loans etc.

SFBs do not get a guarantee against the loan offered. In the group loans, they are offered on the joint liability. In case any member of the group does not pay than the whole group is held liable for the same.

Small Finance Banks require prior approval for the opening of bank branches from RBI. Universal banks do not require such permission for roll out a branch in the unbanked rural areas.

Small Finance Banks required to extend 75% of their Adjusted Net Bank Credit (ANBC) to the classified sectors under priority sector lending (PSL) by the RBI. Agriculture, Small scale industries, Small business/ service enterprise, Microcredit, Education loans.

What is OBJECTIVE of Small finance bank?
  • Its primary purpose is to provide an institutional mechanism for promoting rural & semi-urban savings and also providing credit for viable economic activities in local areas and provision of savings vehicles primarily to unsaved and underserved sections of the population, and
  • Supply of credit to small business units; small and marginal farmers; micro and small industries; and other unorganized sector entities, through high technology-low cost operations.
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  • Pay Mode Terms: T/T (Bank Transfer),Other
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Aditya Jaiswal (Owner)
76A/18, Amrit Puri
East of Kailash, New Delhi- 110065, Delhi, India



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