Net Owned Fund Review: due date and penalty
Also searched as: NBFC-NOF
Net owned funds of ₹10 crore by 31 March 2027, the last step of the glide path, for investment and credit companies, micro-finance institutions and factors; one that has not reached it is not eligible to hold its certificate of registration. A peer-to-peer platform, an account aggregator or a Type I NBFC needs ₹2 crore, and an infrastructure finance company ₹300 crore.
Next due date
31 March 2027for FY 2026-27
If it is late: A shortfall can lead to cancellation of the certificate of registration
Get told before Net Owned Fund Review is due
We will email you a week before the next one, and before each one after that.
One email per occurrence of Net Owned Fund Review, and nothing else unless you tick the box above — and your address is never sold or passed on. We send a link to confirm first, and nothing goes out until you follow it. Every message has a one-click link to stop. See the Privacy Policy.
- Due
- 31 Mar each year, from 2027 — no longer owed for periods from 2027-04-01
- Frequency
- Annual
- If it lapses
- A shortfall can lead to cancellation of the certificate of registration
- Statutory reference
- s.45-IA(1)(b), RBI Act 1934; paras 39 to 43, Reserve Bank of India (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Directions 2025
Where this date comes from
- The instrument
- s.45-IA(1)(b), RBI Act 1934; paras 39 to 43, Reserve Bank of India (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Directions 2025
- The authority
- Reserve Bank of India
Mallah Software Services Private Limited has not independently verified this against the gazette. The citation above is the instrument this date is taken from, and it is exact enough for a professional to check. Inside Lawzer a company secretary or chartered accountant can record that they have checked it, against the rule as it read on the day — and that record is withdrawn automatically if the rule later changes. A date nobody has checked says so.
Who has to file it
Every one of these has to hold before Net Owned Fund Review binds an entity:
- RBI-registered NBFC
- Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL)
- Usually owned by:
- Accountant
- Typical effort:
- 3 hours
Common questions
- What is the due date of Net Owned Fund Review?
- It is next due on 31 Mar 2027, for FY 2026-27. 31 Mar each year, from 2027 — no longer owed for periods from 2027-04-01.
- Who has to file Net Owned Fund Review?
- It applies to RBI-registered NBFC and Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and Top Layer (NBFC-TL).
- What is the penalty for filing Net Owned Fund Review late?
- A shortfall can lead to cancellation of the certificate of registration
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.