Taxmann Statutory Guide for NBFCs Edition March 2024

This book is an authentic & updated Compendium of RBI’s Directions & Guidelines governing various Non-Banking Financial Companies (‘NBFCs’). It provides comprehensive coverage on Laws relating to NBFCs, which includes:

• Non-Banking Financial Companies
• Residuary Non-Banking Companies
• Miscellaneous Non-Banking Companies
• Mortgage Guarantee Companies

It covers updated & amended text of the above NBFC Laws along with the following:

• Directions/Master Directions
• Circulars
• Notifications
• RBI Guidelines
• Rules/Regulations
• Clarifications
• Orders

The book also covers an ‘Overview of Law relating to NBFCs’ to understand better the laws governing NBFCs in India.

This book will be helpful for legal practitioners, NBFCs, and stakeholders in the financial services sector, providing a detailed analysis of the regulatory landscape governing NBFCs in India.

The Present Publication is the 28^th Edition | 2024, incorporating all the amendments made up to 15^th February 2024. This book is divided into eleven divisions, namely:

• Law Relating to NBFCs, covering the following:
• 10+ Directions
• Guidelines
• Exemptions
• Schemes
• Miscellaneous Instructions
• Clarifications from the Reserve Bank of India issued from 2016-2024
• Law Relating to Residuary Non-Banking Companies
• Residuary Non-Banking Companies (Reserve Bank) Directions, 2016
• Law Relating to Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 2016
• Law Relating to Mortgage Guarantee Companies
• Foreign Direct Investments in the NBFC Sector
• Foreign Exchange Management (Deposit) Regulations
• Lending to NBFCs and Other Matters
• Bank Finance to Non-Banking Financial Companies (NBFCs)
• Amalgamation/Merger of Non-Banking Financial Companies with Banks
• Credit card, debit card and rupee-denominated co-branded pre-paid card operations of banks and credit card issuing NBFCs
• Regulatory measures towards Consumer credit and Bank credit to NBFCs
• Prescribed Returns
• Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016
• Submission of Returns by Government – Owned Non-Banking Financial Companies
• Insolvency & Bankruptcy Code Provisions for NBFCs
• Draft Framework for Recognising Self-Regulatory Organisations for Fintech Sector