NBFC-CCOhighReserve Bank of India
NBFC-CCO — Chief Compliance Officer & Compliance Function
Annual board review of the independent compliance function and the Chief Compliance Officer, required for NBFCs in the Middle Layer and above.
- Due
- 30 Jun each year
- Frequency
- Annual
- If it lapses
- Supervisory action where the compliance function is absent or ineffective
- Statutory reference
- RBI circular — Compliance Function and Chief Compliance Officer in NBFCs
Who has to file it
Every one of these has to hold before NBFC-CCO binds an entity:
- RBI-registered NBFC
- Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL)
- Usually owned by:
- Company Secretary
- Typical effort:
- 4 hours
Common questions
- When is NBFC-CCO due?
- 30 Jun each year. It falls due once a year.
- Who has to file NBFC-CCO?
- It applies to RBI-registered NBFC and Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL).
- What is the penalty for filing NBFC-CCO late?
- Supervisory action where the compliance function is absent or ineffective
This is the standing statutory position. The government extends deadlines often, and an extension is not reflected here until the rule is updated. Mallah Software Services Private Limited is a software company and not a firm of company secretaries or chartered accountants — nothing here is legal, tax or secretarial advice. Confirm the date with your professional before relying on it. See the Professional Disclaimer.