RBI/2006-07/70 DNBS (PD) CC No. 76/02.01/2006-07, DT. 13/07/2006

Master Circular-"Residuary Non-Banking Companies (Reserve Bank) Directions, 1987 (Part - II)

PREVIOUS

Details of defaults in respect of deposits shown at item 2 in Part I

Particulars	Item Code	Number of Certificates outstanding	Face value	Total amount of deposits in respect of column (3) as on 31.3.20…..
A. Of the total deposits
i) those which have matured/become payable but not claimed	181
ii) those which have become payable/ surrendered/claimed but not paid :
a) outstanding at the beginning of the year	182
b) out of (a) above, repaid during the year	183
c) matured/surrendered/claimed during the year but not paid i.e. additions during the year.	184
d) outstanding at the end of the year	185
e) out of (d) above, those involved in litigation.	186
B. Of the total deposits
i) Certificates sold/issued during the year	187
ii) Certificates renewed/revived during the year.	188

NOTE:
The reasons for non-payment of each deposit and the steps taken for repayment should be indicated in an annexure.

Part - 2
Particulars of exempted borrowings not counting as deposits in terms of section 45 I (bb) of the Reserve Bank of India Act, 1934

Item No.	Particulars	Item Code	Number of Accounts	Amount
1.	Borrowings from banks and other specified financial institutions	201
2.	Money received from employees of the company by way of security deposits	202
3.	Money received by way of security or advance from purchasing, selling or other agents in the course of company’s business or advance received against orders for supply of goods or properties or for rendering of services	203
4.	Money received by issue of convertible debentures/ bonds (See also item No.1 of Part-1)	204
5.	Money received by way of subscription to any shares or convertible debentures/bonds pending allotment or money received by way of Calls in advance on shares in accordance with the Articles of Association so long as such amount is not repayable to the shareholders under the Articles of Association of the company.	205
6.	Total (201 to 205)	200

Part - 3
Net Owned Fund
[Figures to be furnished as per the latest balance sheet preceding the date of the Return or as per balance sheet as on the date of return]
[ Balance sheet as on ...................................]

Item No.	Particulars	Item Code	Amount
1.	Capital Fund i) Paid-up Equity Capital	311
	ii) Free Reserves*	312
2.	Total (311 + 312)-A	310
3.	(i) Accumulated balance of loss	321
	(ii) Balance of deferred revenue expenditure	322
	(iii) Other intangible assets (please specify)	323
4.	Total (321 to 323)-B	320
5.	Owned Fund i.e. C = (310-320) i.e. (A-B)	330
6.	Book value of investments in shares of
	(i) subsidiaries of the company	341
	(ii) companies in the same group	342
	(iii) all other non-banking financial companies (Details in Annexure No.           )	343
7.	Book value of debentures and bonds of
	(i) subsidiaries of the company	344
	(ii) companies in the same group (Details in Annexure No.               )	345
8.	Outstanding loans and advances (including inter-corporate deposits, hire purchase and lease finance**) made to, and deposits with
	(i) subsidiaries of the company	346
	(ii) companies in the same group (Details in Annexure No.               )	347
9.	Aggregate of 341 to 347 = D	340
10.	Amount of 340 in excess of 10% of 330 = E	350
11.	Net Owned Fund (330 - 350) i.e. F = (C - E)	300

NOTES:
* “Free Reserves” mentioned under item 1 of Part 3 shall include the balance in the share premium account, capital and debenture redemption reserves and any other reserve shown or published in the balance sheet and created through an allocation of profits (including credit balance of Profit & Loss Account) but not being :
(i) a reserve created for repayment of any future liability or for depreciation of assets or for provision against non-performing assets/bad debts; or
(ii) a reserve created by revaluation of the assets of the company.
** ‘Hire purchase’ exposures would mean stock-on-hire less unmatured finance charges. ‘Lease finance’ would mean written down value of Assets on lease +/- Lease Adjustment Account.

Part - 4
Particulars relating to security for depositors as at the preceding 30th September and 31st March, 20…., the date of this return

Name of the Designated Bank and Branch--------------------------------------------------------------

Item No.	Particulars	Item Code	Prior to commencement of the Directions i.e. before May 15, 1987		After the commencement of the Directions i.e. on and from May 15, 1987
			30.9.20…	31.3.20…	30.9.20…	31.3.20…
(1)	(2)	(3)	(4)	(5)	(6)	(7)
1.	Total amount of deposits (please see note 1)	400
2.	Investments in approved securities in terms of Section 45-IB of the RBI Act, 1934	410
3.	Security for deposits(Free from any charge or lien)
	(a) Fixed Deposits with and certificates of deposits issued by scheduled commercial bank/s and public Financial Institutions	411
	(b) Investments(at Market Value) in securities of Central and /or State Governments, Government guaranteed bonds and other approved securities other than those reported at 2 above.	412
	(c) Investment (at Market Value) in debentures /bonds/commercial paper, rated not less than AA+ or its equivalent, of:
	i) Companies other than companies in the same group/subsidiaries	413
	ii) Government company or public sector bank or public financial institution or any corporation established or constituted by Central or State enactments.	414
	(d) Investment (at Market value) in Units of
	(i) Unit Trust of India	415
	(ii) Other Mutual Funds approved by SEBI (with Mutual Fund- wise break up)	416

NOTES:

1. ‘Total amount of deposits’ would mean amount of deposits received together with interest, bonus, premium or other advantage, accrued or payable to the depositors. The aggregate of the amounts under columns 5 and 7 against item 1 of this Part should agree with item 2 of Part-1.

2. If the investments against items 3(a) and 3(b) above were less than the prescribed minimum in paragraphs 6(a) and (b) of Notification No. DFC.55/DG(O)-87 dated 15.5.1987, the company must explain in an accompanying letter the reasons therefor.

3. The name of the public sector bank with which the above securities are entrusted in terms of paragraph 6(3) of the above notification may be mentioned. If no such bank has been entrusted with the securities, the reasons therefor must be mentioned in an accompanying letter.

4. Please give full particulars of the fixed deposits/securities mentioned against items 2 and 3 above, indicating their book value and market value (in case of securities) in an Annexure (Annexure No. ).

Part - 5
Statement showing investments at book value
(other than those mentioned at items 6 & 7 of Part-3)

Item No.	Particulars	Item Code	Amount
1.	Investments in shares of and debentures/bonds and commercial papers issued by companies and contribution to the capital of firms and proprietary concerns where directors of the company hold substantial interest. (Please see note 1 ) (Details in Annexure No. )	511
2.	Shares, debentures/bonds and commercial papers of other companies	512
3.	Other Investments:
	(i) Fixed deposits with banks/certificates of deposits issued by banks (other than those included in Part-4)	513
	(ii) Balances in any other deposit accounts with bank(s)	514
	(iii) Others (Please furnish a list showing book value and market value)	515
4.	Total (513 to 515 )	520
5.	Grand Total (511 + 512 +520)	500

NOTES:
1. ‘Substantial interest’ means holding of a beneficial interest by an individual or his/her spouse or minor child, whether singly or taken together, in the shares of a company, the amount paid up on which exceeds ten per cent of the paid up capital of the company or total capital subscribed by all the partners of a partnership firm.
2. Details of shares, debentures and commercial papers held in investment account or by way of stock-in-trade should be included in this part.
3. Fixed deposits with companies should not be included here but should be shown in Parts 3 & 6.

Part - 6
Statement showing outstanding credit exposures viz., loans and advances, hire-purchase and equipment leasing, bills discounting, inter-corporate deposits (other than those mentioned at item 8 of Part - 3)

Item No.	Particulars	Item Code	Amount
1.	Companies, firms and proprietary concerns where directors of the company hold substantial interest (Please see note 1 of Part-5). (Details in Annexure No. )	601
2.	Others:
	(i) Companies not in the same Group	611
	(ii) Directors	612
	(iii) Shareholders	613
	(iv) Chief Executive Officer and other employees	614
	(v) Purchasing, Selling and other Agents	615
	(vi) Depositors	616
	(vii) Others	617
3.	Total (611 to 617)	620
4.	Grand Total (601 + 620)	600

NOTE :

Sundry debtors, tax paid in advance and other recoverable items not in the nature of loans and advances should NOT be shown in this statement.

Part - 7

Business statistics / information for the year ended 31st March, 20…..

Item No.	Particulars	Item Code	Amount
	I. Disbursements (Fund based activities):
1	Equipment leasing:
	(a) Outstanding balances as on the date of the return	701
	(b) Total disbursement during the year	702
2	Hire purchase:
	(a) Outstanding balances as on the date of the return	703
	(b) Total disbursement during the year	704
3	Loans
	(a) Loans against shares to corporates:
	(i) Outstanding balances as on the date of the return	705
	(ii) Total disbursement during the year	706
	(b) Loans against shares to individuals:
	(i) Outstanding balances as on the date of the return	707
	(ii) Total disbursement during the year	708
	(c) Loans against shares to brokers:
	(i) Outstanding balances as on the date of the return	709
	(ii) Total disbursement during the year	710
	(d) Loans to finance Initial Public Offerings (IPOs):
	(i) Outstanding balances as on the date of the return	711
	(ii) Total disbursement during the year	712
	(e) Inter-corporate loans / deposits:
	(i) Outstanding balances as on the date of the return	713
	(ii) Total disbursement during the year	714
	(f) Others	715
4	Bills Purchased/Discounted:
	(a) Outstanding balances as on the date of the return	716
	(b) Total disbursement during the year	717
5	Of 4 above, bills rediscounted:
	(a) Outstanding balances as on the date of the return	718
	(b) Total volume during the year	719
	II. Trading in shares / securities (quoted other than SLR)
6	Purchases / sales of shares / debentures / commercial papers:
	(a) Purchases	720
	(b) Sales	721
	III. Fee based activities
7.	Guarantees issued for Capital Market Operations:
	(a) Outstanding balances as on the date of the return	722
	(b) Total volume during the year	723
8.	Guarantees issued for other purposes:
	(a) Outstanding balances as on the date of the return	724
	(b) Total volume during the year	725
9.	Lease / Hire purchase syndicated during the year	726
10.	Loan / ICDs syndicated during the year	727
11	Bills syndicated during the year	728
12	Underwriting :
	(a) Total amount underwritten	729
	(b) Amount devolved	730
	(c) Outstanding commitments	731

Part - 8

Status of overdues

Item No.	Particulars	Item Code	Amount
1	Lease overdues more than 12 months	801
2	Lease overdues up to 12 months	802
3	Hire purchase overdues more than 12 months	803
4	Hire purchase overdues up to 12 months	804
5	Other overdues more than 6 months	805
6	Other overdues up to 6 months	806
7	Total 801 to 806)	810

Part - 9

Particulars of selected Income and Expenditure Parameters
(Please see instructions given below)

	Fund-based income :
1	Gross lease income, if any	901	Amount
2	Less : Depreciation on Assets on Lease + / - Lease Equalization	902
3	Net lease income (901- 902)	903
4	Hire purchase income, if any	904
5	Bills discounting income	905
6	Investment income
	(a) From fixed deposits / Certificate of Deposits	906
	(b) From Government / approved securities	907
	(c) Dividend / interest on other investments	908
	(d) Profit / Loss (+ / - ) on sale of shares / debentures / commercial papers	909
7	Interest income
	(a) Inter-corporate deposits / loans	910
	(b) Other loans and advances	911
	(c) One- time charge from new depositor / subscriber towards cost of expenses for issuing brochure, application form and servicing of the depositor’s account	912
	(d) Bill discounting income (Net of rediscounting charges)	913
8	Other fund based income (Please specify)	914
9	Total fund based income (903 to 914)	920
	Fee based income
10	Income from merchant banking activities	921
11	Underwriting commission	922
12	Income from syndication of bills, loans, ICDs, lease & hire purchase	923
13	Miscellaneous income	924
14	Total fee-based income (921 to 924)	930
15	Total Income (920+930)	940
	Interest and other financing costs
16	Interest paid on fixed deposits	941
17	Interest paid on ICDs	942
18	Brokerage / Agents’ Commission	943
19	Reimbursement of expenses to brokers / Agents	944
20	Other financing costs	945
21	Bills rediscounting charges	946
22	Total financing costs (941 to 946)	950
	Operating expenses
23	Employee costs	951
24	Other administrative costs	952
25	Total operating costs (951 + 952)	955
26	Depreciation on own assets	956
27	Intangible assets amortised	957
28	Provision for diminution in value of investments	958
29	Provision against Non-Performing Assets	959
30	Other Provisions if any	960
31	Total expenses (950 + 955 + 956 to 960)	970
32	Profit before tax (940-970)	980
33	Tax	990
34	Profit after tax (980-990)	900

Instructions :

(1) Particulars in this part should be for a full financial year. If the company closes its books on any date other than on 31st March, the date of closing of the books and the period should be indicated.
(2) “Gross lease income” includes lease rentals (net of rebate), lease management fees, lease service charges, up-front fees, profit on sale of leased assets and delayed / late payment charges relating to lease business (including interest/compensation charges on advance payment for purchase of assets in respect of lease agreements entered into / finalised).
(3) ‘Lease equalisation account’ has the same meaning as in the Guidance Note on Accounting for Lease (revised) issued by ICAI.
(4) ‘Hire purchase income’ includes finance charges(net of rebate), hire service charges, delayed / late payment charges, up-front fees and other income relating to hire purchase business (including interest earned on advance payment for acquisition of hire purchase assets for identified hirers).

C E R T I F I C A T E

1. Certified that the directions contained in the Residuary Non-Banking Companies(Reserve Bank) Directions, 1987 (as amended from time to time) are being complied with.
2. Further certified that the particulars / information furnished in this Return have been verified and found to be correct and complete in all respects.

Signature of Manager / Managing Director /
Authorised Official

Date :
Place:

A u d i t o r ’ s R e p o r t

We have examined the books of account and other records maintained by ----------------- ---------------------------Company Ltd. in respect of the data furnished in this return and report that to the best of our knowledge and according to the information and explanations given to us and shown by the records examined by us, the data furnished in this return are correct.

Place: Date:

Signature Name of the Chartered Accountants

Enclosures to the return:
1. The following documents should be submitted along with the return in case they have not already been sent. Please tick in the box against the item for the documents enclosed and state the date of submission in other cases.

(i) A copy of the audited balance sheet and profit and loss account dated nearest to the date of return.
(ii) Specimen signature card.
(iii) A copy of application form referred to in paragraph 8 of the Notification No. DFC.55/DG(O)-87 dated 15th May, 1987.

2. A list of Principal officers and the names and addresses of the directors in the form enclosed is to be sent with this return.

Part - 10
List of principal officers and directors of ___________________________________ Ltd.
I. Principal Officers

Sr.No.	Name	Designation	Address & Tel. No.	If director in any company / ies, name(s) of the company / ies

II. Directors

Sr.No.	Name	Address	% of equity shares of the company held by the director, his spouse and minor children	Names of other companies where he/she is a director

	Signature of Manager / Managing Director / Authorised Official
	Name :
	Designation :
Place:
Date :

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