Board note, NBFC registration risk
A single format from the When a Company Becomes an NBFC, The Principal Business Test pack. RBI Act ss.45-I, 45-IA, 58B · CARO 3(xvi).
- 2 pages
- 25
- Word and PDF
- 16 September 2026
What it covers
- 1Board note, NBFC registration riskRBI Act ss.45-I, 45-IA, 58B · CARO 3(xvi)
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Note to the Board of Directors — Agenda item [Agenda item number]
[NAME OF THE COMPANY]
NOTE ON WHETHER THE COMPANY IS REQUIRED TO REGISTER WITH THE RESERVE BANK OF INDIA AS A NON-BANKING FINANCIAL COMPANY
1. Purpose. This note places before the Board the result of the principal business test on the Company's [audited / draft] financial statements for the year ended [31.03.YYYY], the Company's position under the Reserve Bank of India Act, 1934, and the action recommended.
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