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NBFC Merger

An NBFC that is registered under the Companies Act which is involved in the business of loan & advances, acquirement of shares or debentures or bonds or other marketable securities such as hire purchase and insurance business.

  1. The concept of merger is an amalgamation of two existing entities into a one new company.
  2. The merger is considered as a corporate tactic of amalgamating two or more non banking financial companies into a single entity in order to increase the financial and operational strengths of both organizations.
  3. Acquiring company obtains the majority of equity shares of one or more companies.
  4. Acquired company submits majority of its equity shares to the acquiring company.

 

Example of Acquiring Company and Acquired Company

 

 

Advantages of NBFC Merger

 

  1. Economies of Scale
  2. Help in expansion and compete with Government and Multinational Banks and later can move for a bank license.
  3. NBFC merger helps the acquirer to shun the cost and time consuming phase of asset purchases, software development, and such other assignments.
  4. Tax benefits
  5. NBFC merger helps in contending with banks.
  6. Increase market share.
  7. Increase goodwill & reduce NPA

 

Disadvantages of NBFC Merger

  1. Challenges in operation management due to the large scale of the non-banking financial business.
  2. It creates a distress among the employee base of each organization.
  3. Operational Risk
  4. Management Issues

 

Procedure NBFC Merger in India

 

 

Documents required for NBFC Merger

Here is the list of following required documents:

  1. A proficient authentic copy of the latest audited balance sheet and Profit and loss account of transferee company.
  2. Shareholder’s list
  3. Obtain SEBI approval in case of a listed company
  4. Prepare the scheme of merger
  5. Creditor’s list
  6. Obtain official liquidator report
  7. Intimation to the regional director
  8. Valuation report
  9. Details of the legal proceedings by or against the company

 

How to Initiate NBFC Merger

 

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Connect With Corpseed

Connect with the team corpseed to discuss specific requirements for your business at IVR: +91 7558 640 644 or hello@corpseed.com. It takes 20-25 minutes to discuss requirement.

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Dedicated Manager

Once you discuss the requirement, we will align a dedicated Account managers are here to help understand your business and provide best solutions and assist you with the entire process.

Payment Gateway

Real Time Update

Use our platform to track progress of application and many more. Always know what is going on with your application, what is in progress, and what is done.

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Job Completed

Once job is completed, you will receive documents directly to your email ID and at your doorstep along with 30 days payback guarantee incase not satisfied with the services.

 

Other Allied Activities

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NBFC Registration

Non-Banking Financial Company (NBFC) is that kind of financial institution which offers various financial and non-financial services to business enterprises, individuals, entrepreneurs, etc. NBFC License must be taken from RBI


    
READ MORE
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NBFC - P2P Lending

Peer-to-peer lending platforms offers a simple key to borrow money for short-term necessities. This shall include buying consumer electronics, medical emergency, business loan, home renovation, repay credit card dues, travel loan, or any other such requirements.

 
READ MORE
Payment Gateway

NBFC Takeover

The procedure for taking over an NBFC is being laid down by the RBI. Takeover of an NBFC refers to purchase of one NBFC by another company. Only registered NBFC under the Act shall undertake to acquire the control of another NBFC.

 
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NBFC Funding

NBFCs do not have those prosperities, which means that the NBFCs need alternate sources of the money supply, which are higher than the deposits taken by banks, where the interest rate offered is between 4%-6%.


  READ MORE

 

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NBFC Collaboration

Collaboration means coming together for a shared goal. India has more than 9000 active NBFC but barely 954 the NBFCs have book size more than 40 crores. Rest 8460 NBFCs are only able to meet the regulatory cap of the loan book of INR twenty Million.

    
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NBFC Compliance

RBI and other related regulators set rules and regulations, which keep on altering because of changing needs and circumstances. It is important for the NBFC management to know about what to do and how to do it, and there is a strong need to keep abreast of the times.

 
READ MORE

 

 

How to apply for Non-Banking Financial Companie in India

 

E Wallet

Connect With Corpseed

Connect with the team corpseed to discuss specific requirements for your business at IVR: +91 7558 640 644 or hello@corpseed.com. It takes 20-25 minutes to discuss requirement.

E Wallet

Dedicated Manager

Once you discuss the requirement, we will align a dedicated Account managers are here to help understand your business and provide best solutions and assist you with the entire process.

Payment Gateway

Real Time Update

Use our platform to track progress of application and many more. Always know what is going on with your application, what is in progress, and what is done.

Nidhi Company

Job Completed

Once job is completed, you will receive documents directly to your email ID and at your doorstep along with 30 days payback guarantee incase not satisfied with the services.

 

faq FAQ`s

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