The provisions regarding the foreign exchange are regulated by the FEMA, 2000 and the operations of NBFCs are regulated by the RBI within the ambit of the RBI Regulation Act 1934. As issued by the Government hundred percent FDI is allowed in NBFCs subject to the minimum capitalization norms
Have you ever wondered if restaurant promotions are really worth it? Can you still build a profitable business by giving something away? Well here’s a classic example: In 1887, Coca-Cola distributed the first-ever coupon, for one free glass of coke.
The prepaid payment wallets also commonly known as PPIs are the instruments that have monetary value contained in them against which the goods and services are made purchasable and funds are made transferable.
There is a majority of people that travel abroad for variety of purposes whether it is for studies or business meetings or vacation and what else not. There is a significant portion of the same that consists of business travelers. So the question is how their travel is managed when they have domestic currencies. All you need is a consulting company that can convert your currency into the currency of the country you are travelling to. For a company to carry out the business in the forex currency exchange, it must have the FFMC license.
GST came in like an unexpected wave and changed the way one of a kind eating places operate in India. It has facilitated quite a few, whilst many had been lacking in a state of complete confusion. The international coffee large Starbucks changed into inside the news currently for now not reviewing the GST they had been charging and thereby, reducing the prices of their products, post the GST price cut imposition. Accordingly, the tax authorities may additionally impose a nice on the company.
The Core Investment Companies are the ones that have their assets primarily as investments in shares for holding stake in group companies but not for trading purpose, and do not carry on any other financial activity. These kind of companies have a minimum ninety percent of their assets in the group concerns either in the form of equity, preference shares or convertibles bonds or loans. Further the module of equity holdings should not be less than sixty percent of their assets.
NBFC stands for NON BANKING FINANCIAL COMPANY which is registered under the Companies Act, 2013. The main business activity of NBFC is giving loans and advances, asset financing, investing in shares, debentures and other marketable securities. While commissioning the basic compliance requirement, RBI at the same time is making the business of NBFCs smoother. The smaller NBFCs have been liberalized from the RBI regulations whereas the larger NBFCS are still in the clutches of RBI. It is continuously monitoring them so that they could be brought up on a par with global standards.
In this topic, we are going to cover the responsibility of Electronics Manufacturers, Electronics Producer, Electronics Bulk Consumer, Electronics Recycler, Electronics Dismantler, Electronics Dealer and Electronics Collection Centres
As a highest source of nourishment for over half the world's population, rice is by far one of the most essential commercial food crops. Its yearly yield worldwide is approximately 535 million tons. Fifty countries yield rice, with China and India they are supportive 50% of total production.
Microfinance is the financial service that provides access to various financial services such as credit, savings, micro-insurance, remittances, leasing to low-income individuals including consumers and the self-employed, who traditionally lack access to banking and related services. The main objective is to provide a permanent access to appropriate financial services which include insurance, savings, and fund transfer. It plays a significant role in bridging the gap between the formal financial institutions and the rural poor. Micro Finance Institution has become more widely accepted and moves into main stream, the supply of services to poor may also increase, improving the efficiency and outreach while lowering the costs.
Infrastructure Loan is a credit facility extended by NBFC’s to a borrower for the following categories which are classified as Infrastructure Loan. The term credit facility means a term loan, project loan subscription to bonds/ debentures/ preference shares/ equity shares in the project company obtain as a part of project finance package such that such subscription amounts to be “in the nature of advance” or any other setup of long term funded facility provided to a borrower company engaged in developing/ operating and maintaining/ developing, operating and maintaining infrastructure facilities, that is a sub-sectors project as specified in the definition of infrastructure loan.
Indian Government has initiated a new sub-scheme named “Aajeevika Grameen Express Yojana (AGEY)” as part of the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM). This Group under DAY-NRLM will operate road transport service in backward areas.
Non-banking financial companies (NBFCs) Due Diligence is an examination process of a business prior to signing a contract, or an act using a certain standard of care. Mainly there are four types of NBFC due diligence i.e. Financial, Legal, Commercial & Other; Thus, legal due diligence of NBFC look for legal examine on basis of the legal structure, transaction, contracts, property, loans, employment and pending litigation if any.
Non-banking financial companies (NBFCs) play a important part of the Indian financial echo system. NBFC’s playing a key role in meeting the credit demands unmet by the traditional banks, specifically focusing on peer to peer lending.
It is a Company registered under the Companies Act (other than commercial and co-operative banks), engaged in the business(es) of providing credit facilities like accepting deposits, loans & advances, leasing, hire purchase, facilitating securities trade and money market trade, retirement planning, facilitating securities trade and money market trade, underwriting facilities, merger activities, etc. Progressively, NBFC’s are gaining increasing recognition due to their customer-oriented services; abridged procedures; flexible products, better rates of return on deposits; flexibility and timeliness in meeting the credit needs of the seekers of credit; etc.