NBFC-CROhighReserve Bank of India
NBFC-CRO — Chief Risk Officer & Risk Management Committee
A Chief Risk Officer with a fixed tenure, and a Risk Management Committee reporting to the board, for larger NBFCs in the Middle Layer and above.
- Due
- 30 Jun each year
- Frequency
- Annual
- If it lapses
- Supervisory action for non-appointment
- Statutory reference
- Master Direction — RBI (NBFC — Scale Based Regulation) Directions 2023
Who has to file it
Every one of these has to hold before NBFC-CRO binds an entity:
- RBI-registered NBFC
- Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL)
- total assets of ₹5000.00 Cr or more
- Usually owned by:
- Company Secretary
- Typical effort:
- 3 hours
Common questions
- When is NBFC-CRO due?
- 30 Jun each year. It falls due once a year.
- Who has to file NBFC-CRO?
- It applies to RBI-registered NBFC, Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL) and total assets of ₹5000.00 Cr or more.
- What is the penalty for filing NBFC-CRO late?
- Supervisory action for non-appointment
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.