MANU/RMIC/0103/2020
Ministry : Reserve Bank of India
Department/Board : Department of Regulation
Circular No. : DoR(NBFC)(PD)CC.No.114/03.10.001/2020-2021
RBI/2020-2021/11
Date : 06.07.2020
All Non-Banking Finance 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