Board resolution for NBFC registration (RBI)
A board resolution for NBFC registration approves the company applying to the Reserve Bank of India for a certificate of registration under section 45-IA of the RBI Act 1934 and records the undertakings RBI expects, such as not commencing NBFI business before registration and not accepting public deposits. RBI’s application checklist asks for certified board resolutions to this effect.
Last updated: 27 August 2026
Doing this for a client?
OnCompliance drafts this resolution on the company’s letterhead, details filled from the client’s record, records it in the minutes, and files it in the client’s folder — with the notice, minutes and 21 other board documents made the same way.
Fill it in, edit it, download it
The details you type fill the document as you go. Click into the paper to edit any wording, then download it in Word or as a PDF.
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF [COMPANY NAME] (CIN: [CIN]) HELD ON [MEETING DATE] AT [VENUE]
RESOLVED THAT the company do apply to the Reserve Bank of India for a certificate of registration to commence the business of a non-banking financial institution under section 45-IA of the Reserve Bank of India Act 1934, and that the company shall not commence any non-banking financial activity until the said certificate is granted.
FURTHER RESOLVED THAT the company has not accepted and shall not accept any public deposit without complying with the applicable directions of the Reserve Bank of India, and that [AUTHORISED PERSON (NAME)], [AUTHORISED PERSON (DESIGNATION)], be and is hereby authorised to sign and file the application and all annexures and to correspond with the Reserve Bank for the purpose.
Certified true copy
For [COMPANY NAME]
[NAME]
[DESIGNATION] · DIN: [DIN]
Date: ______________ · Place: ______________
When is this resolution passed?
Pass it before filing the COSMOS application; the certified copies form part of the application annexures.
Legal basis: s.45-IA, Reserve Bank of India Act 1934
Common questions
Which undertakings does RBI expect in board resolutions for NBFC registration?
The published checklists ask for resolutions that the company has not commenced and will not commence NBFI business before registration, and that it has not accepted public deposits, among others; the exact current checklist should be taken from RBI’s COSMOS documentation.
What is the minimum fund requirement?
Registration under section 45-IA requires the prescribed net owned fund; the current threshold should be checked against RBI’s latest directions before applying.
Is a separate fair practices code resolution needed?
Operating NBFCs adopt a board-approved fair practices code under RBI directions; that is a post-registration board item this generator also covers under its own purpose.
Can OnCompliance draft this for me?
Yes. OnCompliance drafts the resolution on the company’s letterhead with the details filled from the client’s record, records it in the minutes, and files it in the client’s folder, alongside the notice of the meeting and every other board document.