NBFC – audit of accounts

RBI has vide its circular dated 6th July, 2020 extended the timeline for finalisation of accounts of listed systemically important non deposit taking and deposit taking companies by such period as is allowed by SEBI. 


Hitherto, the time allowed for finalisation of accounts of systemically important deposit taking and non deposit taking companies is 3 months from the financial period closure i.e. by 30th June, in case the fianncial year closes on 31st March. But with this circular RBI has given relief only to listed such entities as they are also governed by SEBI regulations. 
Copy of the RBI circular can be found here i.e.

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