What Is Infrastructure Finance Company In India
by Vinay Singh on 2021-08-07
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.
Aajeevika Grameen Express Yojana (AGEY)
by Vinay Singh on 2021-08-07
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.
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Non-Banking Financial Company (NBFC) Due Diligence Process in India
by Vinay Singh on 2021-08-07
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.
What Are Various Steps For Registering an NBFC in India
by Vinay Singh on 2021-08-07
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.
Non-Banking Financial Company (NBFC) Compliance – A Complete Guide
by Vinay Singh on 2021-08-07
Non-Banking Financial Company (NBFC) is one of the most renowned forms of financial institutions in India. NBFC participates an outstanding role in GDP of the country’s economy. RBI and other related regulators set rules and regulations, which keep on altering because of changing needs and circumstances.
EPFO Unified Portal – EPFO Employer Portal Services 2019
by Vinay Singh on 2021-08-07
Employees Provident Fund (EPF)is a social security system for workers in India. Employers are needed to abide by the Employee Provident Fund (EPF) regulations and get PF registration on engaging 20 or even more staff members