Charitable Trusts & NBFCs: Comprehensive Compliance and Strategic Support
The financial and regulatory environment governing Charitable Trusts and Non-Banking Financial Companies (NBFCs) is complex, constantly evolving, and demands absolute diligence. At B M Bhanushali & Associates, we bring specialized expertise and a deep understanding of the legal, tax, and operational intricacies involved in managing and advising these entities. Whether you are setting up a new trust, managing a well-established NBFC, or navigating regulatory changes, our end-to-end services are designed to keep you compliant, transparent, and strategically positioned for sustainable growth.
Charitable Trusts: Structuring Goodness with Precision
Charitable organizations operate in a space that blends intent with regulation. Our services ensure that your philanthropic mission is supported by a robust legal and financial framework.
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Trust & NGO Registration: We assist with the complete registration process under applicable Indian laws, such as the Societies Registration Act, Indian Trusts Act, and Section 8 of the Companies Act, ensuring legal clarity and tax benefits.
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Section 12A & 80G Compliance: We help you secure tax exemptions and donor benefits through timely application and compliance with 12A and 80G registrations under the Income Tax Act.
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FCRA Advisory: For trusts receiving foreign contributions, we provide strategic guidance on Foreign Contribution Regulation Act (FCRA) registration, renewal, and compliance.
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Audit & Financial Reporting: Our team ensures transparency and accountability by conducting regular audits, preparing financial statements, and aligning your reporting with statutory requirements.
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Governance Advisory: We support trustees and governing bodies in setting up effective internal controls, policies, and ethical frameworks to ensure long-term sustainability and donor confidence.
NBFCs: Regulatory Clarity in a Sensitive Sector
NBFCs operate in a highly regulated sector where compliance, risk management, and governance are mission-critical. We help NBFCs navigate this complexity with strategic advisory and regulatory expertise.
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NBFC Registration & Licensing: From documentation to liaison with the Reserve Bank of India (RBI), we assist in obtaining the NBFC license, tailored to the type of activity—whether it’s lending, investment, or microfinance.
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RBI Compliance & Filings: We ensure your NBFC remains compliant with periodic RBI returns (NBS, COSMOS, etc.), statutory reporting, and prudential norms including capital adequacy, asset classification, and provisioning.
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Audit & Risk Management: Our internal and statutory audit services for NBFCs help uncover operational risks, improve governance frameworks, and maintain investor trust.
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Policy Development & Controls: We help draft and implement key regulatory documents such as the Fair Practices Code, KYC policies, and AML guidelines to meet RBI mandates.
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Taxation & Advisory: Our taxation team ensures that your NBFC meets direct and indirect tax obligations while identifying opportunities for optimization and savings.
Integrated Services Across the Lifecycle
Whether you’re just getting started or looking to scale and streamline, our services support your full journey:
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Entity Formation & Structuring
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End-to-End Compliance Management
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Audit & Assurance
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Tax Planning & Regulatory Filings
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Strategy & Governance Advisory
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Technology Integration for Reporting
Why Clients Choose Us
✅ Niche Expertise: With years of experience working specifically with charitable institutions and NBFCs, we understand their unique challenges better than most.
✅ Regulatory Insight: Our close monitoring of regulatory updates ensures you’re always compliant and ahead of policy changes.
✅ Holistic Support: From legal structuring to audit and day-to-day compliance, we offer 360° support under one roof.
✅ Client-Centric Approach: We prioritize your goals—be it social impact or financial scalability—and provide solutions aligned with your mission.
✅ Transparent Reporting: Accuracy, ethics, and timely reporting form the backbone of our service promise.
Why Choose Us?
Proven Expertise
Holistic Approach
Technology-Driven Solutions
Personalized Service
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Understand Your Needs
Every journey begins with understanding. We take the time to listen, analyze, and comprehend your unique requirements—whether personal or corporate. This ensures our solutions align perfectly with your goals
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Strategize Tailored Solutions
Drawing on our expertise and cutting-edge tools, we craft bespoke strategies that address your challenges, optimize opportunities, and drive growth. Our recommendations are always precise, actionable, and designed for long-term success
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Deliver Excellence
With a commitment to impeccable execution, we bring our strategies to life. From seamless implementation to ongoing support, we ensure your financial journey is not just smooth but transformational
Can you help set up a new trust and get it 12A/80G certified?
Yes, we handle the entire process—from registration and documentation to approvals and compliance post-registration.
What kind of audits are applicable for charitable trusts?
Depending on the size and structure, both statutory and income tax audits may apply. We guide and execute both to ensure full compliance.
Is it mandatory for NBFCs to submit returns to RBI?
Yes. Various periodic returns such as NBS-1, NBS-2, ALM statements, and more must be filed depending on the type of NBFC.
Do NBFCs require internal audits?
Yes. RBI mandates internal audits for NBFCs to monitor and manage financial and operational risks effectively.
Can you assist in converting an existing entity into an NBFC?
Yes. We offer strategic conversion planning, documentation support, and end-to-end regulatory guidance for such transitions.