RBI notifies dates for submission of returns by the Government-owned Non-Banking Financial Companies (NBFC’s)

Mar 16, 2018 | by Avantis RegTech Legal Research Team

The Reserve Bank of India (RBI) vide notification dated March 15, 2018 has decided that all Government-owned NBFCs shall put in place a reporting system for filing periodic returns with the Bank, as detailed in the Master Direction – Non-Banking Financial Company Returns (Reserve Bank) Directions, 2016 dated September 29, 2016. The returns should be compiled on the basis of the figures available in the books of accounts of such NBFCs and filed with the RBI on-line (using the COSMOS software package) by an authorised official of the NBFC, who shall be specifically authorised in this regard by the Board of Directors of such NBFC concerned.

The first set of returns should be filed with effect from the:

(i)          Last Friday of December 2017 for the weekly return;

(ii)        Quarter ended - December 31, 2017 for the quarterly returns;

(iii)      Half-year ending March 31, 2018 for the half-yearly returns; and

(iv)      Year ending March 31, 2018 for the annual returns.

All weekly, quarterly returns upto December 31, 2017 shall be submitted by April 15, 2018. Thereafter, these returns shall be submitted within the timeline stipulated in the Master Direction on returns to be submitted by NBFCs.

[RBI/2017-18/141 DNBS.PD.CC.No.1925/66.08.001/2017-18]

URL: https://rbidocs.rbi.org.in/rdocs/notification/PDFs/NOTI1411D5E4D71E7424469ABF5AD1FF92320E1.PDF


Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.