Non Banking Financial Companies

Description Non Banking Financial Companies – 2nd Edition (2026) is a comprehensive and authoritative work on the regulatory framework governing NBFCs in India. Authored by Dr. Rajeev Babel and Priyank Babel, and published by Commercial Law Publishers, this book offers detailed analysis of laws, regulations, and compliance requirements applicable to Non-Banking Financial Companies. Spanning an extensive 1766 pages, the book provides in-depth coverage of RBI regulations, registration procedures, regulatory compliances, prudential norms, governance requirements, supervision, and enforcement mechanisms relating to NBFCs. It combines legal interpretation with practical insights for professionals dealing with financial regulation and corporate compliance. This publication is an essential reference for chartered accountants, company secretaries, advocates, bankers, financial consultants, compliance professionals, policymakers, and students involved in financial services and regulatory practice. �� Key Features: Comprehensive coverage of NBFC laws and RBI regulations Updated with latest regulatory developments Detailed analysis of compliance, governance & supervision Suitable for professionals, financial institutions & academic reference �� Limited-Period Offer: Flat 25% Discount with Free Shipping SI. No. Chapter Title Page No. Part I Introduction, Meaning and Evolution of NBFCs Chapter 1 NBFC: The Concept, Evolution and Development through Various Committees 3 Chapter 2 Trend and Progress of NBFCs 28 Chapter 3 Meaning of Non-banking Financial Company (NBFC)) 34 Chapter 4 Institutions / Schemes which cannot Accept Deposits from Public 64 Part II Incorporation of NBFC under the Companies Act, 2013 Chapter 5 Deciding the Type of Business Organisation of NBFC 91 Chapter 6 Steps to Incorporate NBFC – Provisions under the Companies Act, 2013 98 Chapter 7 Incorporation of NBFC 106 Part III Board of Directors – Provisions under the Companies Act, 2013 Chapter 8 Appointment and Qualifications of Directors 121 Chapter 9 Provisions Relating to the Allotment of Directors Identification Number (DIN) 138 Chapter 10 Disqualifications of Directors 145 Chapter 11 Number of Directorships 147 Chapter 12 Power, Duties and Responsibilities of Directors / Board of Directors 149 Chapter 13 Vacation, Resignation and Removal of Director from the Board 159 Part IV Removal of Directors, Supersession of the Board, Corporate Governance Issues – Provisions under the RBI Act, 1934 Chapter 14 Power of RBI to Remove Directors from Office & Supersession of Board of Directors of Non-banking Financial Company (other than Government Company) 167 Chapter 15 NBFC-Corporate Governance (Reserve Bank) Directions, 2015 171 Part V Regulatory Authorities for Various NBFCs and the Relevant Provisions of Law Chapter 16 NBFCs Regulated by RBI 195 Chapter 17 NBFC-HFCs earlier regulated by NHB now regulated by RBI 204 Chapter 18 NBFCs Regulated by Securities and Exchange Board of India (SEBI) 219 Chapter 19 NBFCs Regulated by Ministry of Corporate Affairs (Nidhi Companies) 275 Chapter 20 NBFCs Regulated by State Governments 292 Chapter 21 NBFCs Regulated by IRDAI: Insurance Companies 331 Part VI Registration, Procedure, Compliance and Audits of NBFC – Provisions under the RBI Act, 1934 Chapter 22 Provisions relating to Non-banking Institutions receiving Deposits and Financial Institutions (Chapter IIIB of RBI Act, 1934) 429 Chapter 23 Registration of NBFC with RBI 436 Chapter 24 Compliances 559 Chapter 25 RBI’s Power to regulate NBFCs/NBI/FI 562 Chapter 26 Duty of Non-Banking Institutionsr 573 Chapter 27 Audit of NBFCs 575 Chapter 28 Deposits not to be solicited by Unauthorised Person/ Unincorporated BodiesI 577 Part VII Master Directions Issued by Department of Regulation, Reserve Bank of India for NBFC Chapter 29 Reserve Bank of India (Non-Banking Financial Companies – Registration, Exemptions and Framework for Scale Based Regulation) Directions, 2025 575 Chapter 30 Reserve Bank of India (Non-Banking Financial Companies – Acquisition of Shareholding or Control) Directions, 2025 603 Chapter 31 Reserve Bank of India (Non-Banking Financial Companies – Voluntary Amalgamation) Directions, 2025 612 Chapter 32 Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Directions, 2025 615 Chapter 33 Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) Directions, 2025 (Updated as on December 05, 2025) 620 Chapter 34 Reserve Bank of India (Non-Banking Financial Companies – Governance) Directions 640 Chapter 35 Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Directions, 2025 659 Chapter 36 Reserve Bank of India (Non-Banking Financial Companies – Acceptance of Public Deposits) Directions, 2025 698 Chapter 37 Reserve Bank of India (Non-Banking Financial Companies– Credit Facilities) Directions, 2025 727 Chapter 38 Reserve Bank of India (Non-Banking Financial Companies – Credit Cards: Issuance and Conduct) Directions, 2025 760 Chapter 39 Reserve Bank of India (Non-Banking Financial Companies – Credit Information Reporting) Directions, 2025 782 Chapter 40 Reserve Bank of India (Non-Banking Financial Companies – Credit Risk Management) Directions, 2025 837 Chapter 41 Reserve Bank of India (Non-Banking Financial Companies – Concentration Risk Management) Directions, 2025 850 Chapter 42 Reserve Bank of India (Non-Banking Financial Companies – Transfer and Distribution of Credit Risk) Directions, 2025 864 Chapter 43 Reserve Bank of India (Non-Banking Financial Companies – Securitisation Transactions) Directions, 2025 890 Chapter 44 Reserve Bank of India (Non-Banking Financial Companies – Classification, Valuation and Operation of Investment Portfolio) Directions, 2025 922 Chapter 45 Reserve Bank of India (Non-Banking Financial Companies – Asset Liability Management) Directions, 2025 930 Chapter 46 Reserve Bank of India (Non-Banking Financial Companies – Income Recognition, Asset Classification and Provisioning) Directions, 2025 963 Chapter 47 Reserve Bank of India (Non-Banking Financial Companies – Resolution of Stressed Assets) Directions, 2025 976 Chapter 48 Reserve Bank of India (Non-Banking Financial Companies – Treatment of Wilful Defaulters and Large Defaulters) Directions, 2025 1013 Chapter 49 Reserve Bank of India (Non-Banking Financial Companies – Financial Statements: Presentation and Disclosures) Directions, 2025 1034 Chapter 50 Reserve Bank of India (Non-Banking Financial Companies–Prudential Norms on Declaration of Dividends) Directions, 20255 1077 Chapter 51 Reserve Bank of India (Non-Banking Financial Companies – Know Your Customer) Directions, 2025 1084 Chapter 52 Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Directions, 2025 1145 Chapter 53 Reserve Bank of India (Non-Banking Financial Companies – Managing Risks in Outsourcing) Directions, 2025 1170 Chapter 54 Reserve Bank of India (Non-Banking Financial Companies – Climate Finance and Management of Climate Change Risks) Directions, 2025 1197 Chapter 55 Reserve Bank of India (Housing Finance Companies) Directions, 2025 1204 Chapter 56 Reserve Bank of India (Standalone Primary Dealers) Directions, 2025 1276 Chapter 57 Reserve Bank of India (Core Investment Companies) Directions, 2025 1332 Chapter 58 Reserve Bank of India (Non-Banking Financial Companies – Account Aggregator) Directions, 2025 1353 Chapter 59 Reserve Bank of India (Mortgage Guarantee Companies) Directions, 2025 1367 Chapter 60 Reserve Bank of India (Non-Banking Financial Companies – Peer to Peer Lending Platform) Directions, 2025 1389 Chapter 61 Reserve Bank of India (Non-Banking Financial Companies – Microfinance Institution) Directions, 2025 1404 Chapter 62 Reserve Bank of India (Non-Operative Financial Holding Company) Directions, 2025 (Updated as on December 05, 2025) 1414 Chapter 63 Reserve Bank of India (Non-Banking Financial Companies – Miscellaneous) Directions, 2025 1425 Part VIII Master Directions Issued by Department of Regulation, Reserve Bank of India for Asset Reconstruction Companies Chapter 64 Reserve Bank of India (Asset Reconstruction Companies) Directions, 2025 1439 Chapter 65 Reserve Bank of India (Asset Reconstruction Companies – Credit Information Reporting) Directions, 2025 1492 Chapter 66 Reserve Bank of India (Asset Reconstruction Companies – Treatment of Wilful Defaulters and Large Defaulters) Directions, 2025 1445 Chapter 67 Reserve Bank of India (Asset Reconstruction Companies – Know Your Customer) Directions, 2025 (Updated as on December 29, 2025) 1553 Part IX Master Directions Issued by Department of Supervision, Reserve Bank of India for NBFC Chapter 68 Master Directions on Fraud Risk Management in Non-Banking Financial 1609 Chapter 69 Master Direction – Information Technology Framework for the NBFC Sector 1620 Chapter 70 Master Direction – Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016 1636 Chapter 71 Master Direction – Non-Banking Financial Companies Auditor’s Report (Reserve Bank) Directions, 2016 1655 Chapter 72 Master Direction- Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016 1661 Part X Other Regulatory Aspects Chapter 73 Reserve Bank of India (Non-Banking Financial Companies – Internal Ombudsman) . Directions, 2026 1667 Chapter 74 Implementation of Indian Accounting Standards by Non-Banking Financial Companies and Asset Reconstruction Companies 1668