A. NBFC, MFI

NBFC registration is obtained as per the provisions of the Companies Act 2013 and the RBI Act, 1934. It plays a significant role in executing the financial functions of our economy. For acquiring NBFC License, all the conditions mentioned under section 45-IA of the RBI Act, 1934 are mandatorily required to be fulfilled.

Formation

• Formation as per RBI Act.

Focus on Regular amendments

• Compliances as per Amendments made by RBI from time to time

CKYC COMPLIANCE

• As per RBI amendment to Master Direction on KYC- Operationalisation of Central KYC Registry (CKYCR) and KYC norms Foreign portfolio Investors (PFIs) In exercise of the powers conferred under section 35A of the banking regulation Act,1949.
• Registration Process of Central KYC
• Data Submission
• Training in relation to Central KYC

B. Corporate structuring

• Formation
• Merger
• Demerger
• Takeover

We have been helping companies for over 10 years to get complied with all the applicable rules and regulations under RBI guidelines in relation to NBFC. We are well aware of the new amendments and have experience of filing the same.

A. Brief Synopsis of our Regular Compliances are as under:

• NBFC Regular Compliances including Annual Return, XBRLFiling
• Central KYC Registry (CKYC Registration)
• FIU Registration Work
• CIC Companies Registration and Data submission i.e.(TRANSUNION CIBIL, EQUIFAX, EXPERIAN And CRIF HIGH MARK Registration)
• CERSAI (Mortgages)
• Change of Management work
• Change of Registered office prior approval work from RBI

B. Brief Synopsis of our Specific Compliances are as under:

• Cancellation of Certificate of Registration (COR) (Interim and Final Order)
• Show Cause Notice work
• Legal action against NBFC
• Legal action against Management
• Action in relation to Criminal Procedure for violating the direction issued by RBI

A. END USE & ASSETS VERIFICATION FOR BANK/NBFC’S FUND

• Service towards end use of Bank/NBFC’s fund, will be detailed reporting about amount disbursed and their use according to proposal of concerned funding.
• Reporting towards any diversion/ siphoning of funds, malafide operations, falsification of accounts, fraudulent transactions and whether any frauds by promoter, company, employees or any associates.

B. DUE DILIGENCE

Due diligence is an effective and efficient way to protect the Institution interest against risks of financial losses, reputation damage and ensure compliance with applicable laws and regulations. Here we provide services for pre check before Business handover and takeover. We gather information to assist your Financial Institution's decision-making process.

C. FRAUD PREVENTION

Making difference by helping in drafting of policies and implementations of same for Fraud Protection; by defining, detection and anti-fraud mechanism, etc.

• Consulting towards implication of recommendation of FIU (FATF) for preventing money laundering activity and terror funding. Helping in reporting of STR.
• Helping in Customer Due diligence (CDD), defining the objective and importance of documents, tools to check the authentication of documents and etc.
• Focused training on Relevance of Data Privacy.
• CKYC compliances; A complete understanding of Transactions, Business relation, Beneficial owner analysis, measures for politically expose person.
• Training for Balance sheet analysis for RED FLAG, identification of Bogus and accommodation transaction to avoid RISK of money laundering.
• Helping for analysis of cross border payment and transaction in accordance with Arm Length pricing.
• Focus on analyzing NGO / Non – profit organization in relation to domestic and foreign funding and their application.

Second Opinion Services (SOS) is derived from very common practice when it comes to medical well being because often it’s question of life and death. Next to life is the Livelihood. In business and finance, it’s no difference. It’s a life and death for the personal finance, business or entrepreneurship.

Read more

MIOTWEB Technologies Pvt. Ltd. & Headway Techies are privately held IT Solution Provider Companies formed in 2014. We have 10+yrs of experience in S/W development. We provide/create attractive, robust, secure, light weight websites and web portals. We build cloud-based solutions with vast experience, defined processes, systems and tools.

MIOTWEB Technologies Pvt. Ltd. is focused mainly on Web/Mobile technologies, Industrial IOT and Cloud.

MIOTWEB stands for
We believe in Read more

With our plan to get into manufacture and trading of Auto parts and Auto Accessories in the near future we are currently using our resources for Research & Development in the field.