Taxmann Statutory Guide for NBFCs Edition 2025

This book is an authentic & updated Compendium of the Reserve Bank of India’s (RBI) Directions & Guidelines governing various Non-Banking Financial Companies (NBFCs). It consolidates and presents the regulatory framework NBFCs must comply with, ensuring you have the most current and reliable reference for all your professional needs.

It provides exhaustive coverage of the laws and regulations applicable to:

• Non-Banking Financial Companies (NBFCs)
• Residuary Non-Banking Companies (RNBCs)
• Miscellaneous Non-Banking Companies (MNBCs)
• Mortgage Guarantee Companies

Within its scope, this book includes updated & amended text of the relevant NBFC laws along with:

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

A dedicated section provides a succinct yet thorough ‘Overview of Law relating to NBFCs’, enabling readers to understand better the legal and regulatory environment in which NBFCs operate in India. This overview acts as a primer for more detailed explorations in subsequent divisions.

This book will be helpful for:

• Legal Practitioners & Law Firms – Offering detailed guidance on NBFC-related litigation, advisory, and compliance issues
• NBFCs & Financial Institutions – Serving as an operational manual for day-to-day regulatory compliance and strategic planning
• Stakeholders in the Financial Services Sector – Providing in-depth insights into RBI’s evolving directives, clarifications, and governance norms

Its detailed analysis of the regulatory landscape, including references to relevant case law, clarifications, and FAQs, makes it the go-to resource for professionals seeking clarity on NBFC law.

The Present Publication is the 29^th Edition | 2025, incorporating all amendments made up to 1^st December 2024, with the following noteworthy features:

• [All-in-One Reference] Brings together RBI Directions, Master Directions, Circulars, Notifications, Rules/Regulations, and more
• [Easy Navigation] Well-structured divisions, sequential arrangement of legal sources, and a thorough subject index

• 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