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How to Update NIC Code of the Company on the Entity Master ("EMF") Portal of Reserve Bank of India ("RBI") ?

Every Company is required to update their NIC Code as declared in the Entity Master Form ("EMF") upon a change in the main objects of the Memorandum of Association ("MOA") of the Company.

The procedure to update the NIC Code on the EMF Portal is easy and involves two simple steps: 

1) Choose the most relevant NIC Code based on the updated objects of the Company;
2) Initiate an Email to RBI from your registered Email Id requesting them to update the NIC Code on the EMF Portal in FIRMS.

The relevant email ids of RBI for this purpose are:

a) helpfirms@rbi.org.in 
b) fedsupport@rbi.org.in

Note: You may also keep your Authorized Dealer Bank in the CC for their reference.

Attachments to the Email: 

a) Certified True Copy of the Special Resolution approving the updated objects;
b) Certified copy of the MOA post alteration of the objects clause.

About the Author: Kartik Arora is a Member of The Institute of Companies Secretaries of India and can be reached at cskartikarora@gmail.com.

Kind Attention: The information provided herein is for educational purposes only and the author assumes no responsibility or liability for any errors or omissions in the content. 



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