India – Submission Of Annual Returns By Non-Deposit Taking Non-Banking Financial Companies With Asset Size Below Rs. 5 Billion.

Pursuant to a circular dated November 10, 2014, non-deposit taking or accepting systemically important non-banking financial companies (ND-SI-NBFC) with asset size below Rs. 5 billion (USD 78,284,000 approx.) were directed to submit annual returns in prescribed format by April 30 of every year. The circular dated July 9, 2015prescribes separate return formats for NBFCswith asset size between Rs. 1 billion (USD 15,656,800 approx.) and Rs. 5 billion (USD 78,308,000 approx.) and those NBFCs with asset size less than Rs. 1 billion (USD 15,656,800 approx.). The RBI has also given a one-timeextension to September 30, 2015 (from April 30, 2015) for filing of the annual returns.

Circular