**Summary:**
The Reserve Bank of India (RBI) issued a directive (DoR.NBFC.PD.CC. No.11403/03.10.001/2020-21) on July 6, 2020, addressing all Non-Banking Financial Companies (NBFCs) regarding the extension of the timeline for finalizing audited accounts. This directive modifies paragraph 182 of the Master Direction on Systemically Important Non-Deposit taking Company and Deposit taking Company Reserve Bank Directions, 2016 and Non-Systemically Important Non-Deposit taking Company Reserve Bank Directions, 2016. Previously, applicable NBFCs were required to finalize their balance sheets within three months from the date to which it pertains. Considering the current situation and stakeholder feedback, the RBI has decided to extend this deadline. Now, applicable NBFCs must finalize their balance sheets within three months from the date to which it pertains *or* any date as notified by the Securities and Exchange Board of India (SEBI) for the submission of financial results by listed entities. The Chief General Manager, Manoranjan Mishra, of the Department of Regulation, Non-Banking Financial Companies, Central Office can be contacted at Tel No: 91-22-22709038 or via email at helpdnbr@rbi.org.in. The central office is located at 2nd Floor, Main Office Building, Shahid Bhagat Singh Marg, Fort, Mumbai 400 001.
Key Entities Referenced
Reserve Bank of India: The central bank of India, the issuer of the notification.
Non-Banking Financial Companies (NBFCs): The entities to which the notification is addressed.
Master Direction on Systemically Important Non-Deposit taking Company and Deposit taking Company Reserve Bank Directions, 2016: A regulatory document issued by the Reserve Bank of India governing Systemically Important Non-Deposit taking and Deposit taking Companies.
Non-Systemically Important Non-Deposit taking Company Reserve Bank Directions, 2016: A regulatory document issued by the Reserve Bank of India governing Non-Systemically Important Non-Deposit taking Companies.
Securities and Exchange Board of India (SEBI): A regulatory body in India that governs the securities and commodity market.
Manoranjan Mishra: Chief General Manager at Reserve Bank of India, the signatory of the notification.
Mumbai, Maharashtra: City in India, location of the Central Office of the Department of Regulation of Non-Banking Financial Companies of the Reserve Bank of India.
Department of Regulation Non-Banking Financial Companies: The department within the Reserve Bank of India that issued the notification.
भारतीय �रजव र् ब�क
RESERVE BANK OF INDIA
www.rbi.org.in
RBI/2020-2021/11
DoR (NBFC) (PD) CC. No.114/03.10.001/2020-21 July 06, 2020
All Non-Banking Financial Companies (NBFCs)
Madam/ Dear Sir,
Extension of timeline for finalization of audited accounts
Please refer to para 18(2) of the Master Direction on Systemically Important Non-Deposit
taking Company and Deposit taking Company (Reserve Bank) Directions, 2016 and Non-
Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016, as
per which every applicable NBFC shall finalise its balance sheet within a period of 3 months
from the date to which it pertains.
2. In view of the on-going situation and taking in to account the feedback received from
various stakeholders, it has been decided that every applicable NBFC shall finalise its
balance sheet within a period of 3 months from the date to which it pertains or any date as
notified by SEBI for submission of financial results by listed entities.
Yours faithfully,
(Manoranjan Mishra)
Chief General Manager
िविनयमन िवभाग (गैर-ब��कंग िव�ीय कंपिनयां) , क��ीय कायार्लय, 2री मंिज़ल , मुख्य कायार्लय भवन, शहीद भगत �संह माग,र् फोट�, मुंबई-400 001
टेलीफोन:+91-22-22709038, ईमेल:helpdnbr@rbi.org.in
Department of Regulation (Non-Banking Financial Companies), Central Office, 2nd Floor, Main Office Building, Shahid Bhagat Singh
Marg, Fort, Mumbai – 400 001
Tel No:+91-22-22709038, Email :helpdnbr@rbi.org.in
�हदं ी आसान ह ैइसका �योग बढ़ाइए