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+--- Thread: Process of NBFC Account Aggregator License Registration (/showthread.php?tid=4201)
Process of NBFC Account Aggregator License Registration - enterslice - 10-25-2021
There are the following process of NBFC Account Aggregator License Registration
• The first step is to register a corporation under the Companies Act of 2013.
• To provide such services, the organisation must have the appropriate resources.
• The corporation had made necessary arrangements for an adequate capital structure in order to enter the account aggregator sector.
• The general nature of the management is not detrimental to the public interest.
• It is necessary to obtain a Certificate of Registration (CoR) from the RBI in order to carry out the activities of an account aggregator.
• For obtaining Certificate of Registration (CoR), an application is required to be made with the RBI by the applicant.
• There is a requirement of a minimum of Rs. 2 crore.
• Equipped with information technology system in order to carry out services of account aggregation
• Promoters of the NBFC-AA must be fit and proper
• Leverage ratio should not be more than 7 times
Click here to know more - NBFC Account Aggregator License