NBFC COMPLIANCES

Non-Banking Financial Firms are incorporated under the 2013 Companies Act and are in the business of obtaining deposits, loans, and advances as well as purchasing government-issued debentures, securities, and stocks, bonds, and other financial instruments. compliance tracker for the year. establishment of the Equal Code in business. we at TaxHint provides you with the best NBFC compliances services.

A. Returns to be submitted by NBFCs that accept deposits

Quarterly Returns on Deposits, First Schedule, NBS-1

NBFCs that accept deposits from the general public are required to file the NBS-2 Quarterly Return on Prudential Norms.

Return on liquid assets for deposit-taking NBFCs under NBS-3 throughout the quarter.

NBS-4 A rejected company with public deposits is required to provide yearly key performance indicators. NBS-5 is withdrawn because NBS 1 has already been filed quarterly.

NBS-6 NBFCs that accept deposits and have monthly return on capital market exposure of at least 100 crores in assets.

Every six months, NBFCs with assets or public deposits of 20 crores or more must submit ALM returns.

NBFCs that take public deposits have audited balance sheets and a report from the auditor.

Branches Information Return.

B. Returns to be submitted by NBFCs-ND-SI

NBS-7 NBFC-ND-SI quarter risk-weighted asset and risk asset ratio statement.

Income from NBFCs-ND-SI Important monthly financial indicators provided by ALM include:

A. Monthly Statement of Short-Term Dynamic Liquidity in NBS-ALM1 Format,

B.a twice-yearly structural liquidity disclosure in ALM format,

Semi-annual Statement of Interest Rate Sensitivity (ALM-[NBS-ALM3]

Return to Branch Info

C. The quarterly return on the most important financial measures for NBFCs that do not accept deposits and have assets between 50 and 100 crore rupees.

Non-deposit-taking In addition to their name, address, NOF, quarterly profit/loss, and asset size, which must be between 50 and 100 crores, NBFCs are required to provide a number of basic information.

Various NBFC Returns and Compliances (Annual, Monthly, and Quarterly)

MONTHLY COMPLIANCES

S.NO	FORUM	TYPES OF NBFC	DESCRIPTION	DUE DATE
1.	DNBS-04B Return Structural Liquidity & Interest Rate Sensitivity	NBFCs-D and NBFCs-NDSI	To grab- (i) Detail any difference between the anticipated future cash inflows and outflows for NBFCs-NDSI based on the maturity pattern of assets & liabilities at the end of the reporting period; (ii) Knowledge of interest rate risk	10 days after the conclusion of each month
2.	CIC Reporting	All NBFCs	Every NBFC must provide reports to the four CICs.	On or before the 10th day of the next month
3.	NESL	All NBFCs	NESL mandates that all debt be disclosed.	Within a week at the beginning of the following month

QUARTERLY COMPLIANCES

S.NO	FORUM	TYPES OF NBFC	DESCRIPTION	DUE DATE
1.	DNBS-01 Return	NBFCs-D and NBFCs-NDSI	The return includes financial information for NBFC-D and NBFC-NDSI, including components of assets and liabilities, profit and loss accounts, exposure to sensitive industries, etc.	15th April; 15th July; 15th October; 15th January
2.	DNBS-03 Return	NBFCs-D, NBFCs-NDSI, and Non-NDSI NBFCs with assets of at least 100 crores.	The return shows adherence to prudential norms for NBFC-Deposit Taking and NBFC-NDSI, including Capital Adequacy, Asset Classification, Provisioning, NOF, and others.	15th April; 15th July; 15th October; 15th January
3.	DNBS-04A Return Short Term Dynamic Liquidity (STDL)	NBFCs-D, NBFCs-NDSI, and Non-NDSI NBFCs have assets of at least 100 crores.	To record specifics of predicted future cash withdrawals and inflows that don’t line up with the business projections	15th April; 15th July; 15th October; 15th January
4.	DNBS-06	RNBCs	The return contains details on the assets, liabilities, and their components, as well as proof of compliance with several RNBC prudential regulations.	15th April; 15th July; 15th October; 15th January
5.	DNBS-07	ARCs	to monitor the ARCs’ various operational KPIs and financial KPIs, including the assets they have acquired (NPA), the price they paid for them, how well they are recovering, etc.	15th April; 15th July; 15th October; 15th January
6.	DNBS08-CRILC Main Return	NBFCs-D and NBFCs-NDSI and NBFC-Factors	Must record credit information on total exposure of more than 5 crores to a single borrower.	15th April; 15th July; 15th October; 15th January
7	DNBS-11	NBFC-CICs	The return includes financial information for CIC-ND-Sis, such as components of Assets and Liabilities, Profit & Loss account, Exposure to Sensitive Sectors, etc.	15th April; 15th July; 15th October; 15th January
8.	DNBS-12	NBFC-CICs	The return documents adhere to prudential standards for CIC-ND-Sis, such as Capital Adequacy, Asset Classification, Provisioning, and NOF.	15th April; 15th July; 15th October; 15th January
9.	DNBS-13	All NBFCs	To record information about foreign investment for all NBFCs that have investments abroad.	15th April; 15th July; 15th October; 15th January
10.	DNBS-14	NBFC P2Ps	The return includes information about the assets and liabilities, their components, and the NBFCs-compliance P2Ps with several prudential standards.	15th April; 15th July; 15th October; 15th January

ANNUAL COMPLIANCES

S.NO	FORUM	TYPES OF NBFC	DESCRIPTION	DUE DATE
1.	DNBS-02 Return	Non-NDSI NBFCs	Financial data for non-deposit accepting non-NDSI NBFCs, including the components of assets and liabilities and compliance with several regulatory requirements, are included in the return.	If provisional, then file audited within 30 days after the completion of the financials, on or before May 30th (either on a provisional or audited basis).
2.	DNBS-010	All NBFCs and ARCs	To ensure ongoing compliance with regulations for all NBFCs.	15 days after the balance sheet’s completion, but no later than October 31.

ADDITIONAL COMPLIANCES

S.NO	FORUM	TYPES OF NBFC	DESCRIPTION	DUE DATE
1.	DNBS-05 Return	Rejected NBFC’s	To gather information on the NBFCs that accepted public deposits but had their CoR disallowed.	As when COR is rejected by RBI
2.	DNBS09-CRILC SMA Details	NBFCs-D and NBFCs-NDSI and NBFC-Factors	All NBFCs-D, NBFCs-NDSI, and NBFCs-Factors with a total exposure of more than 5 crores to a single borrower for the day were disclosed in SMA-2.	As soon as the account is designated (de-designated) as SMA-2
3.	CKYCR	REs	When disbursing loans or establishing account relationships, every regulated company (including NBFCs) is required to do KYC.	10 days after the account relationship date.
4.	CERSAI	All Financials Institutions	While disbursing secured loans	In order to acquire the first charge over the secured property, as soon as possible
5.	FIU-IND	All regulated Entities	Report specific transactions to the FIU-IND organization designated in Rule 3 of the 2005 PMLA Regulations.	After determining that the transaction is suspicious, within seven working days of the 15th day of the next month.