NBFC-NOFcriticalReserve Bank of India
NBFC-NOF — Net Owned Fund Review
Annual confirmation that net owned funds meet the ₹10 crore minimum, reached through the glide path prescribed under Scale Based Regulation.
- Due
- 30 Jun each year
- Frequency
- Annual
- If it lapses
- A shortfall can lead to cancellation of the certificate of registration
- Statutory reference
- s.45-IA, RBI Act 1934 r/w the Scale Based Regulation glide path
Who has to file it
Every one of these has to hold before NBFC-NOF 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
- When is NBFC-NOF due?
- 30 Jun each year. It falls due once a year.
- Who has to file NBFC-NOF?
- 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 NBFC-NOF 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.