Secure Your NBFC Takeover with Expert Guidance

Navigating the complex process of acquiring a Non-Banking Financial Company (NBFC) requires meticulous planning and adherence to regulatory requirements. Our comprehensive NBFC Takeover Approval Services ensure that you meet all necessary guidelines set forth by the Reserve Bank of India (RBI), facilitating a smooth and compliant takeover process.

Why Choose Our NBFC Takeover Approval Services?

  • Expertise in Regulatory Compliance: Our team of seasoned professionals has extensive experience in the financial sector, particularly in navigating the intricate regulatory landscape of NBFC takeovers.
  • Tailored Solutions: We provide customized solutions that align with your specific needs and objectives, ensuring that every aspect of the takeover process is covered.
  • Efficient Process Management: From initial documentation to final approval, we manage the entire process efficiently, minimizing delays and ensuring compliance at every step.

Our Comprehensive NBFC Takeover Services

  1. Initial Consultation and Assessment

    • Detailed evaluation of your takeover objectives.
    • Comprehensive analysis of the target NBFC’s compliance status and financial health.

  2. Documentation Assistance

    Preparation and verification of necessary documents:

    • Material on potential shareholders’ sources of funds.
    • Information on the proposed Board of Directors or shareholders.
    • Declarations and non-affiliation statements.
    • Section 138 report under the Negotiable Instruments Act.
    • Bankers’ reports for proposed directors/shareholders.

  3. Regulatory Approvals

    • Assistance in obtaining NOC from RBI for changes in control/management.
    • Guidance on scenarios requiring RBI approval and those that do not.

  4. Public Notification

    • Drafting and publishing the required public notices in English and a vernacular language, both before and after the formal agreement.

  5. Formal Agreement Support

    • Assistance in drafting and formalizing the agreement with the target NBFC for share purchase, management transfer, or other interests.

  6. Post-Approval Services

    • Ensuring compliance with all post-approval requirements, including additional public notifications and regulatory filings.

  7. Company Name Change Assistance

    • Obtaining name availability certificates from the Ministry of Corporate Affairs (MCA).
    • Securing a Notice of Default (NOD) from the RBI.
    • Facilitating the name change process in compliance with regulatory standards.

Why RBI Approval is Crucial for NBFC Takeovers

  1. RBI approval is mandatory for:

    • Any acquisition or buyout of an NBFC where management control may change.
    • Changes in shareholding exceeding 26% of the paid-up capital.
    • Changes in management affecting more than 30% of the Board of Directors (excluding independent directors).

  2. Circumstances Where RBI Approval is Not Required

    • Changes in share capital due to share buybacks or reductions approved by a competent court.
    • Changes in administration due to the rotation of independent directors.

Get Started with Us Today

Secure your NBFC takeover with confidence. Contact us today to schedule an initial consultation and discover how our expert services can facilitate a seamless and compliant acquisition process.