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SERVICES PROVIDED BY NON BANKING

FINANCIAL INSTITUTIONS

BANKING SERVICES

loans

and

creditfacilities

trading

in money

markets

private

education

funding

retirement planning,

under writing stocks andshares

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FEATURES

RETAILCUSTOMERS

INSTITUTIONALCUSTOMERS

REGISTERED WITHRBI

NON DEPOSIT

TAKING

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SERVICES OF MUTHOOT FINCORP LTD

GOLD LOAN

HOME LOAN

AUTO LOAN

MICRO FINANCE LOAN

INVESTMENT PRODUCTS

INSURANCE & ADVISORY

SERVICES

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Source of Fund.

PRODUCTS OFFERED

LOANS TO INDUSTRIES

NORMAL SHORT BRIDGE

TERM LOAN TERM LOAN LOAN

JOINT VENTURES

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EXEMPTIONFROM

REGISTRATION

REGISTERED

WITHRBI UNDER

SECTION

45-IA OF THE

RBI ACT,1934.

RBI

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Chit Funds

Act, 1982

SEBI

CompaniesAct,1956

IRDA

National

Housing

Bank.

Chit companies as defined in

clause (b) of Section 2

Insurance company holdinga certificate of registration

issued by IRDA.

NIDHI companies as notified

under Section 620A

Venture capital

fund/merchant banking

companies/stock brokingcompanies

Housing

finance companies

EX

EM

PTION

FROM

REGISTR

ATION

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Classification of NBFCs

Based on acceptance of

public Deposit

Based on Investment

Pattern

Depositholding

/accepting

company-

Category A

Non depositholding/acce

pting

company-

category B

Coreinvestment

company-

category C

Investmentcompany-

category A

or category

B

OTHER NBFC

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The NBFCs are allowed to accept/renew public deposits for a

minimum period of 12 months and maximum period of 60months. They cannot accept deposits repayable on demand.

NBFCs cannot offer interest rates higher than the ceiling rateprescribed by RBI from time to time. The present ceiling is 11

per cent per annum.

NBFCs cannot offer gifts/incentives or any other additionalbenefit to the depositors

The deposits with NBFCs are not insured.

OTHER NBFCREGULATIONS

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The repayment of deposits by NBFCs is not guaranteed by RBI.

The NBFCs having assets size of Rs. 500 crore and above but not accepting public

deposits are required to submit Quarterly Return on important financial parameters

of the company .

The NBFC is required to furnish the information in respect of any change in the

composition of its Board of Directors, address of the company and its Directors and

the name/s and official designations of its principal officers and the name and office

address of its Auditors.

CONTD.

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Regulatory framework regarding Audit of NBFC

The companies Act , 1956

The reserve Bank of India Act, 1934

The Income Tax Act, 1961

Compliance with Audit and Assurance Standard.

Disclosure requirement of SEBI.