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What is the minimum Net Owned Funds required by NBFCs for registration with RBI?
Rs 5 lakhs
Rs 25 lakhs
Rs 10 crore
Rs 2 crore
For all Companies currently applying for registration as a NBFC, the minimum Net Owned Funds requirement is INR 10 Crore (Previously it was INR 2 Crore) (Minimum NOF amount may be higher depending on specific type of NBFC).
RBI has prescribed a timeline to meet the minimum Net Owned Funds amount of INR 10 Crore in a phased manner for existing NBFCs.
It is to be noted that obtaining registration is independent of having minimum Net Owned Funds amount – conduct of Principal Business of NBFC is a violation of Section 45-IA even if the Company’s Net Owned Funds amount is less than INR 10 Crore (Previously INR 2 Crore).
Hence option 3rd is correct.
By: honey kaundal ProfileResourcesReport error
Akshaya S
So the answer must be Rs 2 crores as currently the requirement is 2 crores right?
Bilal
It should be 2 crores
Deeksha Dugar
It's 2 crore for now if searching online
Sravs
min NOF ?
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