FIDC's Representations

Sl. No. Date To Authority Regarding
1. 26.02.18 FIDC FIU LETTER TO MEMBERS
2. 11.01.18 Mr. Raman Aggarwal PRESS RELEASE - FIDC holds an Interactive Session of IBBI Chairman with NBFCs
3. 15.12.17 Shri Arun Jaitleyji PRE-BUDGET MEMORANDUM - ISSUES RELATED TO NON-BANKING FINANCE COMPANIES (NBFCs)
4. 07.12.17 Mr. C D Srinivasan Leasing & Hire Purchase of Movable Assets and Financing of Second Hand Assets are Part of Asset Financing - Request For Clarification
5. 07.12.17 Mr. Sathyan David Leasing & Hire Purchase of Movable Assets and Financing of Second Hand Assets are Part of Asset Financing - Request For Clarification
6. 07.12.17 Mr. C D Srinivasan Leasing & Hire Purchase of Movable Assets and Financing of Second Hand Assets are Part of Asset Financing - Request For Clarification
7. 04.12.17 Shri Upender Gupta Securitization Transactions: Concerns of the NBFC Sector
8. 16.11.17 Shri C D Srinivasan Note on significant changes envisaged in Indian Accounting Standards (Ind AS) and issues that NBFCs may face
9. 06.10.17 Mr. C D Srinivasan Master Directions Issued For Peer to Peer Lending Platform - Request For Clarification
10. 14.07.17 Dr. Ranjeet V. Patil REPRESENTATION TO HIGHLIGHT THE SHORTAGE OF CMM/DMs COURTS IN MUMBAI AND DELAY IN GETTING APPROPRIATE ORDERS UNDER SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS AND ENFORCEMENT OF SECURITY INTEREST ACT, 2002 "SARFAESI" FROM THE COURTS OF CMM/DMs IN OTHER PARTS OF MAHARASHTRA.
11. 28.09.17 Mr. Raman Aggarwal Non-Banking Finance Companies (NBFCs) - Contribution to the Economy & Way Forward
12. 28.09.17 Mr. Raman Aggarwal Non-Banking Finance Companies (NBFCs) - Contribution to the Economy & Way Forward
13. 28.09.17 INCOME TAX ISSUES
14. 28.09.17 LEASING
15. 29.07.17 Mr. Sushil Kumar Sahai EXTENSION OF TAX BENEFIT TO NON - BANKING FINANCIAL COMPANIES ('NBFCS') SIMILAR TO THAT CURRENTLY AVAILABLE TO BANKS
16. 29.07.17 Mr. Sushil Kumar Sahai Extension of Tax Benefit to non - banking Financial Companies ('NBFCs') Similar to that Currently available to banks
17. 29.07.17 Withholding Tax Requirement on interest paid to NBFC's under section 194A
18. 24.07.17 Mr. N S Vishwanathan Representation for Non-Banking Financial Companies (NBFCs) - net owned fund (NOF) requirement of INR 2 (two) crores as on March 31, 2017
19. 24.07.17 Mr. S S Mundra Representation for Non-Banking Financial Companies (NBFCs) - net owned fund (NOF) requirement of INR 2 (two) crores as on March 31, 2017
20. 14.07.17 Dr. Ranjeet V. Patil Representation to Highlight the Shortage of CMM/DMs Courts in Mumbai and Delay in Getting Appropriate Orders Under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,2002 "SARFAESI" From the Courts of CMM/DMs in other parts of Maharashtra.
21. 30.06.17 Note on significant changes envisaged in Indian Accounting Standards (Ind AS) and issues that NBFCs may face
22. 17.06.17 Shri Upender Gupta Proposed GST Regime - Concerns of the NBFC Sector
23. 18.05.17 Sh. Amardeep Singh Bhatia Clarification sought in relation to the Companies (Transfer of Pending Proceedings) Rules, 2016 notified vide G.S.R. 1119(E) dated 7 December 2016 issued by the Ministry of Corporate Affairs, Government of India.
24. 17.04.17 The Secretary Section 269SS and Section 269T of the Income Tax Act, 1961 - Request for Exemption from Section 269T , Only for Collection of Loan Repayments
25. 10.04.17 Shri Upender Gupta Concerns of the NBFC Sector - Discussion held on April 08,2017
26. 08.04.17 Shri Upender Gupta The GST Working Group on Banking, Financial and Insurance Sector - Concerns of the NBFC Sector
27. 04.04.17 Shri Upender Gupta The GST Working Group on Banking, Financial and Insurance Sector - Concerns of the NBFC Sector
28. 21.03.17 Ms. Richa Agarwal Consultation Paper dated February 02, 2017 on Consolidation and re-issuance of debt securities issued under the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.
29. 10.03.17 Shri Arun Jaitleyji Proposed Section 269T of Income Tax Act 1961
30. 04.02.17 Shri Arun Jaitleyji Post-budget Memorandum - convergence in regulation of NBFC's with banks and others Fls Needs to be matched with convergence in taxation
31. 01.02.17 Mr. Mahesh Thakkar Discussion Paper On Expandin the Scope Of Credit Reporting System in India
32. 30.01.17 Dr. Viral V. Acharya Impact of Demonitisation on NBFC Sector
33. 03.01.17 Mr. Satyen David Impact of Demonitisation on NBFC Sector
34. 20.12.16 Shri Arun Jaitleyji Pre - Budget Memorandum - Issues related to NBFC's , Speciality those engaged in Asset Financing
35. 21.12.16 Mr. N.S. Vishwanathan Request to Extend the Additional 60 days Period given for Recogntion of a Loan Account as Substandard
36. 14.11.16 Mr. N.S. Vishwanathan Withdrawal of Legal Tender character of existing rupees 500 and 1000 bank notes - deposit of these notes into loan accounts
37. 08.09.16 Shri Arun Jaitley Notification Extending Coverage to NBFCs under the SARFAESI Act - Request to Delete the Requirement of Minimum Loan Ticket Size of Rs 1 crore
38. 03.09.16 Dr. Kshatrapati Shivaji Refinancing of NBFCs by MUDRA - Request to Amend the Eligibility Criteria
39. 20.08.16 Sri Mohd Mahmood Ali Representation Regarding Amendment to Telangana VAT, 2005 (TGVAT ACT, 2005) by telangana VAT ACT no. 10 OF 2016
40. 05.08.16 Shri Sudarshan Sen Meeting Held in your office on July 20, 2016 - key issues
41. 05.08.16 N.S. VishwanathanShri Meeting Held in your office on July 20, 2016 - key issues
42. 18.05.16 The Secretary Representation on "Banning of Unregulated Deposit Schemes and Protection of Depositor's Interests Bill, 2015"
43. 16.05.16 Mr. R. Gandhi Infrastructure Loan' definition for NBFC's
44. 04.04.16 Mr. Shekhar Bhatnagar External Commercial Borrowings (ECBs) - Revised Framework vide Circular dt.March 30, 2016
45. 20.04.16 Shri Arun Jaitleyji Extension of Provisions under Section 43D of the Income-Tax Act to NBFCs
46. 12.01.15 Shri Arun Jaitleyji PRE - Budget memorandum - issues related to nbfcs, specially those engaged in asset financing
47. 13.10.15 Shri Nitin Gadkariji Meeting held in your office on October 08, 2015
48. 08.05.15 The Chief General Manager Comments / Views on the draft guidelines on Managing Risks and Code of conduct in outsourcing of financial services by NBFCs
49. 08.05.15 Shri Hasmukh Adhia Financing of Non Corporate Small Businessea by MUDRA - Role of NBFCs
50. 10.04.15 Shri Nitin Gadkari Road Transport & Safety bill 2014 - Suggestions and REquest for an appointment
51. 10.04.15 Following are the suggestions in respect of VERSION-IV of ROAD TRANSPORT AND SAFETY BILL
52. 10.04.15 Shri Alok Tandon MUDRA ? Refinancing NBFCs for On-lending to Small Businesses ? Request for Appointment
53. 23.02.15 Shri Arun Jaitley Access to External Commercial Borrowings for NBFCs
54. 15.01.15 Shri Arun Jaitley Pre-Budget Memorandum - Issues Relating to Asset Financing NBFCs
55. 31.12.14 Mr. R. Gandhi The issues concerning NBFC Sector
56. 26.11.14 Sh. M.M. Dawla Supreme Court Judgement on Territorial Jurisdiction in cases under section 138 of the Negotiable Instruments Act, 1881-Need to Amend the Act
57. 28.10.14 Mahesh Thakkar Seeking review of the judgment of the hon'ble supreme court of india delivered on august 1, 2014 in the case of dashrath rupsingh rathod -vs- state of maharashtra & ors. being criminal appeal no. 2287 of 2009
58. 09.10.14 Shri Nitin Jairam Gadkari Road Transport & Safety Bill 2014 - Suggestions and Request For an Appointment
59. 09.10.14 Shri Nitin Jairam Gadkari Road Transport & Safety Bill 2014 - Suggestions and Request For an Appointment - Enclosure
60. 15.07.14 Shri Arun Jaitley Post-Budget memorandum - Issues relating to Asset Financing NBFCs
61. 23.06.14 Mr. G. S. Sandhu Note on pertinent taxation & other issues for NBFC sector for consideration during union budget 2014-15
62. 23.06.14 Mr. G. S. Sandhu Note on NBFCs.
63. 23.06.14 Mr. G. S. Sandhu Annexures to Note on NBFCs.
64. 10.06.14 Shri Arun Jaitley Pre-Budget memorandum - Issues relating to Asset Financing NBFCs.
65. 29.04.14 Mr. Naved Masood Issues and concerns of NBFC Sector on the provisions contained in the Companies Rules, 2014, notified by the Ministry of Corporate Affairs (MCA) relating to issuance of Debentures.
66. 26.02.14 Mr. H R Khan Classification of Asset Financing NBFCs ? Stand being taken by RBI?s Local offices

Two-Wheeler Financing under AFC Status
67. 10.10.13 Points for representation on Companies Act, 2013
68. 05.08.13 Mr. Ananta Barua Permitting Non Banking Finance Companies to issute "shelf prospectus"
69. 05.08.13 Mr. S.Raman Permitting Non Banking Finance Companies to issute "shelf prospectus"
70. 23.07.13 Shri N. S. Vishwanathan RBI regulation DNBD(PD) CC NO.330 /03.10.001/2012-13 Dt 27th June, 2013 on Raising Money through Private Placement by NBFCs-Debenture etc and the clarification issued vide DNBD(PD) CC NO.349 /03.10.001/2013-14 Dt 2nd July, 2013.
71. 19.07.13 Mr. Rudra Narayan Kar External Commercial Borrowings (ECB) by Asset Financing NBFCs (NBFC-AFCs.
72. 12.07.13 Mr. N S Vishwanathan FIDC CLARIFICATION FROM RBI NCDs.
73. 07.01.13 Smt. Uma Subramaniam Representation on the Draft Guidelines based on Usha Thorat Committee Report on Issues and Concerns in NBFC Sector issued by RBI on 12 12 12.
74. 07.01.13 P. Chidambaram Finance Minister PRE-BUDGET MEMORANDUM - ISSUES RELATING TO ASSET FINANCING NBFCs
75. 23.11.12 Shri Vijay Chugh Standardization and Enhancement of Security Features in Cheques Forms - Migrating to CTS-2010 Standards.
76. 25.10.12 Mr. Alok Nigam Recommendations of the Smt. Usha Thorat Committee on NBFCs
77. 08.10.12 Mr Parag Basu FIDC Representation - To consider NBFCs and HFCs separately for calculating 'Sectoral Exposure' of Debt Mutual Funds
78. 04.10.12 Mr. Anand Sinha Classification of Asset Financing NBFCs
79. 24.08.12 Shri P. Chidambaram Union Minister of Finance Access to External Commercial Borrowings for NBFCs
80. 09.08.12 Mr. K.C.Chakrabarty Revised Priority Sector Lending (PSL) Guidelines issued vide circular no RPCD.CO.Plan.BC 13/04.09.01/2012-13 dated July 20, 2012
81. 09.07.12 Mrs.Uma Subramaniam CDR MECHANISM - NBFCS AT A DISADVANTAGE
82. 06.07.12 Shri. Anand Sinha RBI guidelines vide DBOD .No.BP.BC-103/21.04.177/2011-12 dated May 07, 2012
83. 03.04.12 Dr. D Subbarao We thank you very much for the opportunity given to us to discuss various issues concerning NBFCs-AFCs at the Pre-credit Policy Meeting held on April 03, 2012
84. 05.04.11 Dr. D Subbarao RBI Governor Representation
85. 04.03.11 Smt. Uma Subramaniam Classification of Asset Financing NBFCs
86. 10.01.11 Finance Minister Pre-Budget Memorandum - Issues Relating to Asset Financing NBFC-AFCs
87. 16.12.10 Shri Y. H. Malegam RBI Sub-Committee of the Central Board of Directors to Study Issues & Concerns in MFI Sector ? Views of NBFC-AFCs
88. 03.11.10 Dr. D. Subbarao RBI Governor
89. 16.08.10 Dr. D.Subbarao, Governor, RBI Discussion Paper on Engagement of 'for-profit' Companies as Business Correspondents (BCs) dated August, 2nd, 2010
90. 21.06.10 The Chief General Manager-In-Charge Pre-Budget Memorandum 2009-10 - Issues relating to Asset Financing Non-Banking Finance Companies (NBFC-AFCs)
91. 29.05.09 Finance Minister Pre-Budget Memorandum 2009-10 - Issues relating to Asset Financing Non-Banking Finance Companies (NBFC-AFCs)

Asset Financing NBFCs

Direct Tax Issues

Indirect Tax Issues

Access to Funding

Recovery Mechanisms
92. 28.04.09 Director General - FIDC Issues related to financing of Auto Sector - RBI guidelines on repossession of vehicles financed by banks / NBFCs..
93. 31.03.09 The Governor - RBI Draft Guidelines on Recovery Agents engaged by NBFCs
94. 19.02.09 Mr. Mahesh Thakkar - Director General - FIDC Liquidity support of Rs.25,000 crore to NBFCs
95. 09.02.09 Bank Funding for NBFCs
96. 02.02.09 Meeting held on February 02, 2009 at the office of Banking Division, Ministry of Finance, Jeewan Deep Building, Parliament Street, New Delhi-110 001
97. 30.01.09 Record Note of Meeting with Ministry of Finance on Need for Repossession Guidelines for Vehicles
98. 29.01.09 Special Line of Credit for NBFC - AFCs for Financing of Commercial Vehicles - Your Requirement of Funds
99. 27.01.09 Mr. T. S. Narayanasami - IBA Chairman Special Banking Arrangement to provide a line of Credit to NBFCs for purchase of commercial vehicles
100. 21.01.09 NBFCs may get 5k-cr credit line
101. 13.01.09 Joint Secretary MOF Letter C V Financing
102. 31.12.08 Mr. T. T Srinivasaraghavan - Chairman Asset class - wise performance of various retail loan portfolios
103. 27.10.08 Mr. Amitabh Verma - Joint Secretary Note On Immediate Steps Needed For Asset Financing NBFCs (NBFC-AFCs)
104. 23.10.08 Bank Lending rules for NBFCs may ease
105. 15.10.08 Mr. P. Chidambaram - Finance Minister Note On Measures To Improve Funding Position For NBFCs
106. 03.10.08 Mr. P. Chidambaram - Finance Minister Simplification of Overseas Direct Investment process for NBFCs
107. 01.10.08 Dr. D. Subbarao - Governor - RBI RBI Governor
108. 06.09.08 Mr. P. Krishnamurthy - Chief General Manager-In-Charge - RBI Alternative to Creation of Floating Charge on SLR Securities and Request for Allowing Investment in FD/Bonds Issued by Financial Institutions for Maintenence of SLR
109. 16.07.08 Mr. Gopalakrishna - Executive Director - RBI RBI E D Letter
110. 05.04.08 Dr. Y. V Reddy - Governer - RBI RBI Credit Policy
111. 07.12.06 Mr. V. Leeladhar - Deputy Governer - RBI Amended Draft Guidelines For Systemically Important NBFCs
112. 10.11.06 Dr. Y. V Reddy - Governer - RBI Mid-Term Review of Annual Policy Statement for the Year 2006-07
113. 13.10.06 Dr. Y. V Reddy - Governer - RBI Pre-Policy Consultation Meeting with Representatives of NBFCs on 10th October 2006.
114. 07.12.05 Mr. P Chidambaram - Finance Minister Pre-Budget Memorandum 2006-07 - Issues Relating to NBFCs
115. 12.01.05 Mr. P Chidambaram - Finance Minister Pre-Budget Memorandum 2005-06 - Issues Relating to NBFCs
116. 30.07.04 Mr. P Chidambaram - Finance Minister Service Tax on Lease & Hire Purchase Transactions should be at Par with Service Tax on Loan Transactions
117. 14.07.04 Mr. O P Aggarwal
- Chief General Manager-in-charge
- RBI
"Know your Customer" (KYC) Guidelines issued by RBI
118. 17.06.04 Mr. P Chidambaram - Finance Minister Pre-budget Memorandum 2004-05 - issues relating to Non-Banking Financial Companies (NBFCs)
119. 27.05.04 Mr. P Chidambaram - Finance Minister Allowing NBFIs to access ECBs.
120. 25.05.04 Mr. P Chidambaram - Finance Minister Re-drafting the Finance Companies Regulation Bill.
121. 23.04.04 Mr. O P Aggarwal
- Chief General Manager-in-charge
- RBI
Master circular on lending to NBFCs dated March 11, 2004.
122. 13.02.04 Mr. O P Aggarwal
- Chief General Manager-in-charge
- RBI
Entry of NBFCs into insurance business.
123. 09.02.04 Mr. O P Aggarwal
- Chief General Manager-in-charge
- RBI
Reduction in risk weight for commercial vehicles financing by NBFCs
124. 05.02.04 Mr. O P Aggarwal
- Chief General Manager-in-charge
- RBI
Inclusion of accrued interest on Indira Vikas Patras for the purpose of SLR.
125. 13.10.03 Dr. Y. V. Reddy
- Governor
- RBI
Representation on Credit Policy November 2003.