Due diligence report format for nbfc

Due diligence report format for nbfc. Suspicious activity monitoring and reporting to the FIU play a vital role in tackling money laundering. 42/ 2014-15 July 1, 2014, as per which NBFCs are required to undertake ‘Client Due Diligence’ and apply such measures to existing clients based on risk categorisation. It is also done by investors to take an informed decision and get a fair idea of the business of the NBFC. Aug 7, 2021 · What is NBFC Due Diligence? Non-banking financial companies (NBFCs) Due Diligence is an examination process of a business prior to signing a contract, or an act using a certain standard of care. Return on FDI Half Yearly 30 days To capture compliance with the stipulated minimum capitalization norms. 2 It is imperative for the NBFC, when performing its due diligence in relation to outsourcing, to consider all relevant laws, regulations, guidelines and conditions of approval, licensing or registration. Any investor who is considering investing in an NBFC would want to do this exercise to make sure that his money is not being wasted and that it is going into a company that will be profitable. Due diligence of NBFC is taken up by the prospective buyers. DBOD. Legal, Financial, Commercial and Other. From financial analysis to legal considerations, ensure no detail is overlooked. The Company has insured fully all its assets. Key Steps in NBFC Due Diligence: 1. Financial, Legal, Commercial & Other; Thus, legal due diligence of NBFC look for legal examine The first step is to form a New Company registered under the Companies Act 2013. 15 th April; 15 th July; 15 th October; 15 th January. a. The company which is being targeted to be acquired by another company is a Target company. Due diligence report of target company. Investors, bankers, and acquirers rely on Financial Due Diligence as a standard of care during the deal process. The principal requirement for NBFC for Sale is to get a prior approval of RBI. it also includes data about management staff, risks, legal issues, etc. 1 Purpose of Legal Due Diligence 05 1. 31 Aug, 2020. 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 Jul 6, 2023 · An ideal report of due diligence for banks must include the clauses stated below: General Information : Organizational charts both by management reporting structure and legal entity; Strategic plan; A detailed list of employees, comprising the information about their date of employment, salary, bonus, and title; the NBFC immediately obtains necessary information of such client due diligence carried out by the third party; the NBFC takes adequate steps to satisfy itself that copies of identification data and other relevant documentation relating to the client due diligence requirements will be made available from the third party upon request without delay; May 26, 2023 · How to prepare your report in 5 steps. In this regard, the due diligence of NBFC is a Apr 13, 2018 · Due diligence is an investigation of a business or person prior to signing a contract, or an act with a certain standard of care. Words such as Finance, Investment, Finvest, Finstock, etc. In general, due diligence is an investigation that a person conducts before sealing a deal or signing a contract. UBD. PCB. written by Aishwarya Agrawal June 8, 2023. The Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 Feb 19, 2024 · While NBFC takeover offers several advantages, startups need to be cautious and conduct thorough due diligence before finalizing any acquisition. In the realm of effective company governance, the Directors’ Report assumes immense significance. 110/08. With Zelican Litigation Due Diligence Report you simply provide the individual or company name, select the courts or tribunals you would like searched and we will do the rest for you. Under this, NBFC can also avail the Similar disclosures are required as per AS 18. 2. The mandate by SEBI, which requires the reporting entities to devise an internal Nov 22, 2023 · India's NBFC sector is expected to record a moderate growth of 16-18% in the current fiscal because of relatively slower expansion on unsecured retail loans due to the recent regulatory measures Aug 9, 2023 · August 9, 2023. The due diligence report contains information about partnerships, investments, mergers or acquisitions. . financial & non-financial. The efficacy of an independent reliable due diligence report is a decisive factor for investors looking to go ahead with a proposed investment. The total income of the company should constitute at least 50% of the income from the company’s financial assets. After the submission of an application for registration, RBI will scrutinize the documents on all grounds and upon being satisfied with the proper compliance with the rules and regulations, it shall issue a certificate of commencement of Dec 3, 2019 · Due Diligence of NBFC. We’re sure you have, all too frequently, come across situations where huge data gaps have meant that your third party risk checks or pre-deal due diligence is left wanting. The requirement of strong grievance redressal procedures must be in place for services rendered by the outsourced agency. NBFCs-D & NBFCs-NDSI and Non-NDSI, NBFCs have asset size of more than Mar 30, 2024 · Financial Due Diligence Report Sample. b. Jul 6, 2023 · Customer due diligence shall be conducted by the company on a risk sensitive basis. A. The content, structure, and audience of the due diligence report can vary Nov 9, 2017 · 2. In order to conduct a due diligence under GST, firstly understand the company’s operations. √ Articles of Association. Many organizations follow a checklist. 1 Purpose of Finance Due Diligence 1 6 2. To find compliance with statutory and regulatory requirements. Jan 10, 2020 · Due Diligence: In simple words, due diligence is the background verification of the target company. See here: https://nesl. Hence this Co-lending model takes into consideration due diligence of customers. For the detailed information regarding the registration, information related to submission kindly refers to the following link. NBFCs are advised to conduct a self-assessment of their existing outsourcing arrangements and bring these in line with the aforesaid Directions within two months from the date of this circular. A due diligence report organizes and presents the information from due diligence in a format accessible and useful to the C-suite. Certificate of Incorporation of the Company. Find expert help from trained professionals at StartupFino for complete services on NBFC Due diligence. We at BDO India specialise in providing due diligence support to our clients. Seek Consent from Designated Bank concerned for the proposed merger/ amalgamation. Basically, there are major four types of due diligence i. A template or checklist helps streamline the information, making sure legal teams stay on track and investigate only the information they need. 001/ 2008-09 dated February 10, 2009 read with RBI Circular No. The audit report of the company is a key deliverable which shows the end results of the entire audit process. Without due diligence, it is difficult for a buyer to manage future changes in a better way. A financial due diligence checklist is used as a guide to review the assets & liabilities and financial risks of a business. 40. The buyer will have access to the target company's current and anticipated competitors A due diligence report is a comprehensive, objective, and factual report into the current state of a company, organization, or property. Registration and Licensing. To prepare a due diligence report, start by collecting all information and documentation from due diligence, then complete the following Introduction to the report 03 Section 01 - Legal Due Diligence 04 1. Aug 7, 2021 · Non-banking Financial Company (NBFC) is a company that works on similar lines of a traditional bank with certain exceptions. Streamline due diligence processes, mitigate risks, and make informed choices. Personal ID and Address proof of subscriber; Sep 10, 2022 · The internal capital adequacy assessment process must be forward looking in nature and it should consider the expected / estimated future developments; The main consideration in ICAAP should be to address risk faced by an NBFC. The acquirer’s legal counsel may prepare an issues report, sometimes called a “red flag” report, for the acquirer to summarize key issues or actions following the counsel’s due diligence of the target company. Feb 23, 2022 · Running a due diligence check on any target is not easy, and more so when the target you’re looking to verify is not a publicly traded company. Date: XX/XX/2020. The applicant company needs to be a company registered under the Companies Act, 2013 with a minimum paid up capital of Rs. In co-lending, the below process will be followed by the Bank: a. Further Due Diligence can be defined as the comprehensive appraisal of a business undertaken by a prospective buyer. Jun 4, 2020 · Look for the following documents for the Due Diligence. The KYC Guidelines of RBI shall be complied with. NBFC’s are also coming under the impact of these compromises and arrangements. The periodicity of such updation should not be less than once in five Due Diligence must be done before buying NBFC as it helps in identifying those issues which can affect the decision of buyer. The name of the Company and or any of its Directors does not appear in the defaulters' list of Reserve Bank of India. From the Directors-. 1. Diligence. Thank you Register NBFC Portal. It takes on a pivotal role, communicating vital information that shareholders and stakeholders crave, bestowing upon them precious insights into the Mar 19, 2018 · The name of the authorized official may be informed to us,” a notification issued by the Bank last week said. Initially the Following steps be followed up while initiating the whole of the process: Signing the MOU and get to get approval from Board of Directors. GST due diligence helps in identifying whether GST compliances have been complied with by the businesses. Some challenges to consider include: 1. Jul 7, 2023 · Conclusion. Package Inclusions:-. √ Financial statements including Balance sheets , Profit and Loss Accounts, Income and expense statement. To, The Executive Director (Mention the name & Address of client) Rahul Gupta CEO, Sector - 63 Noida. The guidelines are issued in reference to the RBI Press release on “Recommendations of the Working group on Digital Lending – Implementation”, dated 10th August 2022. Priyanka Bajpayee. No. Reserve Bank of India lays down the procedure and regulations for takeover of NBFC’s. This forces the auditors to pay extra attention while interpreting the Sep 30, 2020 · Future results could differ due to these estimates and the differences between the actual results and the estimates are recognized in the periods in which the results are known/materialize. Breakdown of historical customer revenues by length of contract i. The return captures financial points, viz. Jun 8, 2023 · Directors Report Format – Companies Act, 2013. in/. 49/13. Finally, a due diligence checklist or template can help a target company get further intelligence on competitors. After registration of the company as Private Limited or Public Limited under Mar 30, 2024 · The NBFC is required to conduct adequate due diligence on the service provider, taking into account their background, financial stability, internal control, standing, security, and business continuity management. BC. Registration of an NBFC with the RBI is essential as it indicates that the company is compliant with the legal and banking requirements as per the RBI guidelines and the Companies Act. On each segment, the entity is appraised based on a various questionnaire. This matter was discussed at the 26th meeting of Financial Services Committee of the Council of the ICSI on 20th February, 2017, and the Committee decided to form a Task Force with eminent experts to deliberate and recommend, revised Due Diligence mechanism with modified format therefor. 11 Jul, 2023. All these findings revealed in the analysis are summarized in a Feb 29, 2024 · The RBI has set financial criteria to determine if the company is an NBFC or not. This is called the 50-50 test, and it states that for NBFC registration –. 000/2008-09 dated February 12, 2009. NBFC Due Diligence is a detailed process that involves evaluating various aspects of a Non-Banking Financial Company (NBFC). 4. A due diligence report is sent as an internal memo to members of the executive team who are evaluating the transaction and is a requirement for closing the deal. -- Feb 10, 2009 · The Company has declared and paid dividends to its shareholders as per the provisions of the Companies Act, 1956. With due diligence, the buyer can gather all those inputs which are required to carry a valuation of the business. Mar 23, 2021 · Can anyone share the format and checklist for Due Diligence report for NBFC Company to be issued to banks. Prepare KYC Documents of Mar 30, 2024 · 30 Mar, 2024. In general, RBI does not allow names that do not reflect the characteristics of NBFC. It should take care of both quantifiable and non-quantifiable risk; The ICAAP should also include stress tests and Due Diligence must be done before buying NBFC as it helps in identifying those issues which can affect the decision of buyer. , for NBFC-D and NBFC-NDSI. The report requires financial research to be carried out in order to assess the economic risks, if any. one time, periodically, subscription based etc with mapping of revenues against each of the customers. I've applied for NBFC License but got cancel my request due to documents. What is a Due Diligence Report? This article outlines what a due diligence report should cover and what questions need to be answered with mergers and acquisitions . Validating essential documents like Mar 19, 2020 · For NBFC Registration, various documents are required at the time of incorporation or after incorporation of the company. DNBS-01 Return. BP. Thoroughly assess potential opportunities, acquisitions, or partnerships. Legal, Financial, Commercial & Other. Related Party Items. More info visit Due Diligence can be done in following areas Dec 29, 2022 · NBFCs shall retain ultimate control of the outsourced activity. Whereas, the definition of Financial Services is provided under Section 2 (17) which includes services like accepting May 15, 2024 · The purpose of due diligence is, in general terms, to sort the detail from the sales pitch. 10. √ Bank Statements. Download now to enhance your strategic Due Date. The document is the principal output of the due diligence process, which is an investigation or analysis of these same entities. Inspection template. Download M&A Due Diligence Data Collection Template - Excel. To verify whether the quality of assets is as per approved rules. The Non-Banking Financial Company - Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 Mar 30, 2024 · With the issuance of a circular by RBI for the applicability of XBRL usage for filing returns by the NBFCs from 2019-20 onwards, the usage of all other online filing of returns by the ND-NSI categories of NBFCs was discontinued. Mainly there are four types of NBFC due diligence i. The types of due diligence are explained below: Legal Due Diligence of NBFC - It involves examination of the legal basis of the transaction, contracts, legal Mar 30, 2019 · M&A Due Diligence Data Collection Template. Dec 28, 2020 · The application for NBFC license should be complete and documents provided should be valid in all respects. At Enterslice, we specialize in providing NBFC registration services to guide you through the ERP-driven registration process and ensure adequate compliance with RBI Act 1934, Further, our Team has previously worked in serval Nov 28, 2017 · This report template consists of 11 main topics that should be well-examined and well-understood when creating a due diligence report on an early stage tech business. In the Balance sheet, items are divided into two parts, i. split between less than 3 months, less than 6 months, less than 9 months, and less than 12 months. It digs deep into the legal, financial, commercial insights of an entity. Additional categories should be added as necessary depending of the nature of the due diligence in question. During the sale of NBFC, a buyer must do thorough research and dig deeper to acquaint with all the functions, market size, and aspects of the concerned NBFC. Such non-face-to-face modes for Nov 9, 2017 · 2. 15. Nov 20, 2018 · Due diligence is basically a tool to inquire and look into the insides of an entity in all respects. Feb 10, 2022 · AML Compliance Due Diligence for Mergers and Acquisitions ; Transaction Monitoring and Suspicious Activity Reporting (SAR) AML Regulatory Reporting Service ; AML Training and Awareness Programs ; Enhanced Due Diligence (EDD) for High-Risk Clients ; Customer Due Diligence (CDD) and (KYC) Services ; AML Policy and Procedure Development Feb 19, 2024 · While NBFC takeover offers several advantages, startups need to be cautious and conduct thorough due diligence before finalizing any acquisition. e. c) Revenue recognition Revenue is recognized on an “accrual” basis at the fair value of the consideration received or receivable net of applicable taxes May 12, 2020 · Article contains Draft Format of Engagement letter on Statutory Audit and Draft Format of Management Representation letter on Statutory Audit-Draft Format of Engagement letter on Statutory Audit. Document Review: Analyze financial statements, annual reports, regulatory filings, and other relevant documents to gain insights into the NBFC’s operations. Jan 15, 2024 · Decoding and Drafting the Due Diligence Report. Recently, RBI released a circular on 14 th September 2023 notifying the List of Companies (NBFCs) in Upper Layer for the year 2023-24. 5 crores. More info visit Due Diligence can be done in following areas The Due Diligence Report focuses on corporate structure, company’s financial data, information about business operations and sales and marketing analysis. 387/03. the NBFC immediately obtains necessary information of such client due diligence carried out by the third party; the NBFC takes adequate steps to satisfy itself that copies of identification data and other relevant documentation relating to the client due diligence requirements will be made available from the third party upon request without delay; 1. Discretion of Banks-The discretion regarding taking loans originated from NBFCs is based on the prudence and independence of the bank Leaving no stone unturned. components of Assets and Liabilities, P&L accounts, Exposure to sensitive sectors etc. It offers a comprehensive overview of the target entity’s financial, legal, operational, and market position, providing essential insights for decision-making. Similar disclosures are required as per AS 18. It offers a detailed examination of a company’s financial and operational status, providing investors with crucial insights into the potential investment. The audit report reflects the financial prowess of the company that helps investors to make informed decisions. To find compliance with norms laid down by the company. The RBI further clarified these disclosure requirements through its circular titled “Disclosures in Financial Statements – Notes to Accounts of NBFCs” (disclosure rules), issued This template is intended to combine the results of the summaries of each business area into a high-level report to help decide how to deal with a proposed deal after due diligence is complete. To, The Executive Director (Mention the name & Address of client) Need to submit Quarterly Reporting to Central Repository of Information on Large Credits. 30 Mar, 2024. The acquirer company requires to comply with various laws and conduct proper due diligence of the target company to assess its commercial potential. NBFC’s sale process/takeover process involves two types of companies. This template is well structured in a three columned format. NBFC for Sale is a feasible procedure of purchasing an NBFC. Enhanced Due Diligence. The format of submitting the financial information shall be according to the Form- C data input File Format as prescribed by NeSL. Financial due diligence is critical to identify key business drivers and financial risks through analysis of quality of earnings and assets. The name must reflect the character of an NBFC. Although at first instance, this may Aug 26, 2020 · READ Constitution of Committees of the Board by NBFC. co. NBFCs-D & NBFCs-NDSI. Elevate your decision-making with our Due Diligence Checklist Template. Detailed Information about the Director and subscriber of the Company-. (b) The process of due diligence should be undertaken by the NBFCs at the time of appointment / renewal of appointment. A due diligence report is a critical document that synthesizes the findings of the due diligence process. These Guys Are the combination of Advanced Business Knowledge and tech. 24 May, 2023. May 24, 2023 · Audit Report Format for NBFC. Nov 14, 2023 · A due diligence report, also known as a pre-investment review, is an essential document in the investment evaluation process. NBFCs owning an asset size lesser than Rs 500 crores are mandatorily required to choose XBRL as their only return Jul 11, 2023 · Nikhil Mogha. ALM (NBFC-D) Half yearly 30 days NBFCs-D having public deposit of > ₹ 20 crore Or asset size of> ₹ 100 crore 9. The due diligence shall be done keeping mind the type of customer, nature of business relationship and the transactions undertaken by such person. Nov 18, 2021 · Based on data received from a representative sample of banks and NBFCs (representing 75 per cent and 10 per cent of total assets of banks and NBFCs respectively as on March 31, 2020), it is observed that lending through digital mode relative to physical mode is still at a nascent stage in case of banks (₹1. The FIU has collaborated with various financial institutions and foreign financial intelligence units to develop methods to combat this issue. 12 lakh crore via digital mode vis Dec 13, 2023 · The RBI mandated that all NBFCs must file these returns using the XBRL mode, starting from the financial year 2019-20. It is utmost essential to conduct comprehensive research before purchasing an NBFC for sale. Servicing of Loans: Procedure for Application to the RBI for NBFC License. Jun 3, 2015 · NBFCs should obtain necessary information and declaration from the proposed / existing directors for the purpose in the format given at Annex- 2. The need for documentation and collection of other information shall be done for different classes of clients on Jun 25, 2020 · Objectives of Internal Auditing. There are no exceptions to this requirement, and all NBFCs are expected to Aug 24, 2023 · RBI has recently pushed for more disclosures in the financial statements for the financial periods ending March 31 2023, through the SBR (Scale Based Regulation). Documents required for NBFC Registration: From Shareholders. may be used as part of the name. DNBS-03 Return. Memorandum of Association and Article of Association. 12. Our analysis forms part of the foundation to your valuation model, which ensures you pay for the right price and generate returns for your investors. May 12, 2020 · Article contains Draft Format of Engagement letter on Statutory Audit and Draft Format of Management Representation letter on Statutory Audit-Draft Format of Engagement letter on Statutory Audit. 2 crores. Prior approval would, however, not be required Sep 21, 2018 · Due Diligence must be done before buying NBFC as it helps in identifying those issues which can affect the decision of buyer. Along with this, specific disclosure of derivative financial instruments and subordinated liabilities. Scrutinize the history of the target NBFC and analyze all the aspects like its financial status, capital structure and management competency. Due-diligence is a comprehensive appraisal of operations and activities undertaken by a company. 3. bearing on the format of Diligence Report for Banks. More info visit Due Diligence can be done in following areas Jun 24, 2023 · The division III of Schedule III provides a balance sheet format and defines minimum disclosure requirements for NBFCs. If the applicant is a foreign company, its minimum capital shall be Rs. Mar 21, 2024 · Download free template. Highest Qualification Certificate. Attach documents, assign tasks, set alerts for incomplete items, and share the sheet with your team or external auditors. 6. The process of NBFC registration can be complex, with numerous regulatory requirements and legal obligations to fulfill. Litigation searches can be conducted across all Indian states and territories, and multiple Name Searches can be done which is useful for Borrower Profiling, m&a Non Banking Financial Companies (NBFCs) Please refer to our Master Circular DNBS (PD) CC. The decisions and plans of the Investors, Lenders, Customers, and others who are also the users of the financial statement are based on the Audit reports of the Company. 50% of the total assets of the company should be the Financial Assets and. To determine, integrity, security, and controls in the information system are at acceptable standards. 16. Use the appendix section to add supporting documentation and any long notes. taking up the exercise of Diligence Reporting for Banks, the Institute has developed this Guidance Note, based on the format of the Diligence Report prescribed by the RBI vide its Circular No. This financial due diligence checklist can be used by accountants or financial advisors to assess the financial standing of a business. Target Company. Due to concerns over the process of Digital lending in India, the Reserve Bank of India notified the guidelines on 2nd September 2022. The audit report is prepared by the in-house auditors of the company. 112 Enhanced Due Diligence (EDD) for non-face-to-face customer onboarding (other than customer onboarding in terms of Section 17): Non-face-to-face onboarding facilitates the REs to establish relationship with the customer without meeting the customer physically or through V-CIP. It takes on a pivotal role, communicating vital information that shareholders and stakeholders crave, bestowing upon them precious insights into the Nov 3, 2020 · Approval for NBFC’s Merger/Amalgamation from RBI: Procedural requirements. 2 Conclusion 2 8 Annexure 2 9 Annexure 01 - Statement of Comprehensive Income 30 Dec 1, 2022 · An NBFC must do NBFC due diligence in order to assess its business operations and determine its assets and liabilities from a commercial standpoint. The sale pitch will tell you that the company is growing at 10% annually, while due diligence will tell you that this growth has been achieved through overtrading; the sale pitch will tell you that the product is patented, while due diligence will tell Mar 17, 2023 · Under the GST Act [1], every taxpayer is required to maintain books of accounts, invoices, and such other records and should also file GSTR on time. Nature of Agreement with all Partners/ Mentors/ Customers, i. √ Certificate of Incorporation of the Company. Due diligence shall be carried out to ensure the repayment capacity of the borrowers, As specified in the NBFC-MFIs (Reserve Bank) Directions, 2011, all sanctioning and disbursement of loans should be done only at a central location and more than one individual should be involved in this function. Oct 15, 2019 · Due-diligence, when carried by Investor Company, is a process of investigation or audit of potential investment and to review the financial records for assuring themselves about their investments. 2 Conclusion 1 4 Section 02 - Finance Due Diligence 1 5 2. Oct 17, 2023 · Financial Service Providers are defined under Section 2 (17) of IBC as an entity engaged in the business of providing financial services in terms of authorisation issued or registration granted by a financial sector regulator. √ Shareholding pattern. Overview. The highlight of the circular has been the NBFC, which qualified the requirements of an NBFC in the Upper Layer; however, it still failed to make a space for itself in the list [TMF Business Dec 2, 2020 · Directors are required to provide the following documents: Personal ID and Address proof; Highest qualification certificate; Net worth certificate; Details of directorship, if any, in other companies; CIBIL report; Certificate of experience. Procedure For NBFC Acquisition/ Takeover: Requirement for obtaining prior approval of RBI: Any change in the shareholding of an NBFC, including progressive increase over time, which would result in acquisition/transfer of shareholding of 26 percent or more of the paid-up equity capital of the NBFC. Nov 20, 2020 · As per the above guidelines, customer due diligence (CDD) has to be carried out according to the requirements of the banks. 05. 17. NBFC due-diligence is based on the business market Aug 31, 2020 · Glance of Audit Report Format for NBFC. For each of these 11 topics, you are provided with explanations and examples. Legal due diligence seeks to examine the Jul 1, 2013 · Due diligence shall be carried out to ensure the repayment capacity of the borrowers, As specified in the NBFC-MFIs (Reserve Bank) Directions, 2011, all sanctioning and disbursement of loans should be done only at a central location and more than one individual should be involved in this function. Jul 4, 2023 · This article provides an overview of the various types of NBFC compliance filings, including Credit Information Companies (CIC) Reporting, NESL Filings, FIU-IND Reporting, CERSAI Filings, CKYCR Filings, Various Returns, and XBRL Filings. Reading Time: 4 Minutes. The sample below is a due diligence issues report for a mergers and acquisitions (M&A) transaction. Monisha Chaudhary. Pankaj Tyagi. Regulation 23(9) of the Listing Regulations also requires entities that have listed their specified securities and HVDLEs to submit related party disclosures in a prescribed format to the stock exchange within the prescribed time period. It is of four types, i. Review of legal compliances for NBFC Due Diligence in India. Due Diligence of Co-lending NBFC: Prior to on-boarding any NBFC as co-lending partner, the necessary due diligence will be carried out by the Bank and only subject to satisfactory due diligence will the NBFC be on-boarded. Due diligence report of NBFC is an important report and the remark about NBFC in report forms an important document, to take a decision relating to a takeover, or investment or such related analysis about the NBFC Feb 23, 2024 · The most important aspects which are essential requirements for NBFC compliance 2024 are –. Download this free virtual data room template to manage the entire M&A process. √ Memorandum of Association. bz oe xo mo dg rj gk gv de kx