The Reserve Bank of India (RBI) is taking radical steps to ensure compliant, safe and healthy business practices from NBFCs. In the month of July 2018 alone, RBI canceled the license of over 100 NBFCs. RBI had blacklisted some of these organizations and […]
NBFC Microfinance institution (NBFC-MFI) is the financial institution in which a minimum net owned fund is Rs. 5 crores. But in the North Eastern region of the country, it is only Rs. 2 crore. ‘Qualifying assets’ are not less than 85% of its net assets. The income of the NBFC-MFI extracts […]
Non-Banking Financial Companies (NBFCs) have surely changed the landscape of the financial services sector in India. NBFCs have enabled many people to go on and pursue their goals without worrying for capital by providing credit facilities. Check out: Classifications of NBFCs. The Reserve Bank of […]
The Ministry of Corporate Affairs (MCA), in accordance with the Section 469 of the Companies Act, 2013 released a set of rules. These rules were termed as The Companies (Prospectus and Allotment of Securities) Rules, 2014, released in a notification on 31st of March and brought […]
Limited Liability Partnership(LLP) has the feature of both partnership firm as well as a corporation. The partners of LLP company will not liable for paying off the debts of the company from his/her personal assets. There can be more than two partners in the firm. […]
The Ministry of Corporate Affairs (MCA) introduced the Companies( Appointment of Directors) rules in the year 2014 on March 31st. These rules were implemented in accordance with rules in the Companies Act, 2013 and in the suppression of the Companies Act of 1956. The rules laid down the […]
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