At Marcken Consulting, we specialize in delivering end-to-end regulatory compliance and licensing solutions across India’s financial and insurance sectors. Our expertise spans key regulatory bodies, including the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and Insurance Regulatory and Development Authority of India (IRDAI). Whether you’re launching a new venture, expanding operations, or navigating complex regulatory landscapes, our seasoned consultants are here to guide you every step of the way.
RBI Regulatory Services
For financial firms, navigating the Reserve Bank of India’s complex regulatory environment is essential. Our RBI-focused services include:
1. NBFC Registration & Compliance
- NBFC Registration: Assistance with obtaining RBI approval for non-banking financial companies and ensuring adherence to capital requirements and governance norms.
- NBFC to Bank Conversion: Guidance through the process of transitioning from an NBFC to a bank, including meeting eligibility criteria and regulatory approvals.
- Core Investment Company (CIC) Registration: Support in registering as a CIC, focusing on investment and group company management.
2. Specialized Licenses & Approvals
- Payment Aggregator License: Facilitating the acquisition of licenses for entities collecting payments on behalf of merchants.
- Payment Bank License: Support for the establishment of payment banks with an emphasis on modest deposits and financial inclusion.
- Prepaid Wallet License: Guidance on obtaining authorization for issuing prepaid payment instruments.
- Account Aggregator License: Support in becoming an account aggregator, enabling financial data sharing with user consent.
3. Strategic Advisory Services
- Business Plan Development for NBFCs: Crafting comprehensive business plans aligning with RBI expectations.
- NBFC Due Diligence: Carrying out exhaustive evaluations to guarantee operational effectiveness and compliance.
- Regulatory Sandbox Participation: Assisting fintech companies in participating in RBI’s sandbox initiatives for innovative product testing.
- Company Takeover Advisory: Providing compliance strategies and approval facilitation for company acquisitions.
- NBFC Marketing Strategies: Helping design marketing plans that meet RBI promotional norms.
📞 Need Help with Regulatory Registration?
Let us handle your licensing and compliance. From NBFC to Mutual Fund, we’ve got your back.
SEBI Regulatory Services
The Securities and Exchange Board of India regulates the securities sector to protect investors and uphold market integrity. Our SEBI-related services encompass:
1. Market Intermediary Registrations
- Stock Broker Registration: Facilitating the process of becoming a registered stockbroker, including compliance with capital adequacy norms.
- Depository Participant Registration: Assistance in obtaining approval to act as a depository participant with NSDL or CDSL.
- Merchant Banker Registration: Guidance on registering as a merchant banker, enabling services like IPO management and corporate advisory.
2. Investment Fund Registrations
- Alternative Investment Fund (AIF) Registration: Support in setting up AIFs across various categories, complying with SEBI regulations.
- Venture Capital Company Registration: Assistance in establishing venture capital funds, focusing on startup investments.
- Foreign Portfolio Investor (FPI) Registration: Guidance for foreign entities to invest in Indian securities markets.
3. Advisory & Management Services
- Investment Advisor Registration: Helping individuals and firms register as investment advisors, ensuring adherence to fiduciary responsibilities.
- Asset Management Company (AMC) Registration: Support in setting up AMCs for managing mutual funds and investment schemes.
- Collective Investment Scheme (CIS) Registration: Assistance in launching CIS, ensuring compliance with SEBI’s framework.
- Mutual Fund Registration: Guidance on registering mutual funds, including trust formation and trustee approvals.
- Credit Rating Agency Registration: Support in establishing credit rating agencies, focusing on transparency and credibility.
- Registrar and Share Transfer Agent Registration: Assistance in becoming a registered agent for share transfer and record maintenance.
📞 Need Help with Regulatory Registration?
Let us handle your licensing and compliance. From NBFC to Mutual Fund, we’ve got your back.
IRDAI Regulatory Services
The Insurance Regulatory and Development Authority of India oversees the insurance sector, ensuring policyholder interests and market stability. Our IRDAI services include:
1. Insurance Company & Intermediary Licenses
- Insurance Company License: Guidance on setting up life, general, or health insurance companies, meeting capital and solvency requirements.
- Insurance Broker License: Assistance in obtaining licenses for direct, reinsurance, or composite brokers.
- Insurance Web Aggregator License: Support in launching digital platforms for insurance product comparisons.
- Insurance Marketing Firm (IMF) Registration: Facilitating the registration of IMFs to distribute insurance products.
- Corporate Agency License: Helping entities become corporate agents for insurance distribution.
- Third-Party Administrator (TPA) License: Assistance in obtaining TPA licenses for health insurance claim processing.
- Insurance Surveyor and Loss Assessor License: Guidance on becoming licensed professionals for assessing insurance claims.
- INSP Registration: Aiding in registering an Insurance Self-Network Platform and enabling online insurance services.
📞 Need Help with Regulatory Registration?
Let us handle your licensing and compliance. From NBFC to Mutual Fund, we’ve got your back.
Why Marcken Consulting?
✔️ End-to-End Licensing Support
✔️ Expertise Across RBI, SEBI, IRDAI
✔️ Tailored Regulatory Strategy for Your Business Model
✔️ Reduced Time to Approval with Zero Compliance Hassles
Frequently Asked Questions
How long does NBFC registration take with the RBI?
Typically 90 to 180 days. Our consultants ensure that all documentation is correct and thorough, which speeds up the procedure.
Can startups apply for Payment Aggregator or Wallet Licenses?
Yes, if you meet RBI’s eligibility norms, including capital and tech infrastructure, we can help you secure the license.
What are SEBI’s basic requirements for registering a stockbroker?
You need to meet net worth criteria, have qualified personnel, and pass SEBI’s fit and proper test. We offer full compliance assistance.
How can I launch a new Mutual Fund in India?
You need to apply to SEBI, designate an AMC and trustee, and register a trust. Marcken Consulting provides complete setup and regulatory guidance.
What's the difference between an Insurance Broker and a Web Aggregator?
Brokers interact with clients directly, while aggregators provide comparison platforms. Both require separate licenses from IRDAI.
Let us handle your licensing and compliance.
