Ganesh Nair
Ganesh Nair completed his graduation in law from IP university. He is an ardent researcher who has written various research papers and articles on contemporary legal issues. His keen interest in the field of research made him pursue a career in legal research. His core area of interest include Cyber, IPR and Finance laws.
How to get ISI Certification for Mineral Water Plant?
It is a well-known fact that only 3% of the water available on the earth is fit for human consumption. Out of this, most of the freshwater comes from inaccessible glaciers and snow-capped mountains, and the rest still needs to be treated. Humans try to meet the ever-increasing demand for clean drinking water by setting […]
Formation of a trust under the Indian Trust Act
The Indian Trust Act, 1882, governs the creation and maintenance of private trust in India. A trust is created when a person gives out his property to someone for the benefit of a third party. There are three parties involved in the transaction these are i) Author- the person who shall hand over the property, […]
How to get BIS ISI for non-electronic toys?
Toys are not just objects that children use to entertain themselves. Toys help enhance children’s creativity and imagination, assist in strengthening their motor skills and play a huge role in developing their cognitive abilities. Keeping in mind the importance of toys in the lives of young children in the country, the government has decided to […]
Base Layer for NBFCs under Scale Based Regulations
Through the years, Non-Banking Financial Companies (NBFCs) have proved to be a vital aspect of the Indian financial landscape. NBFCs have made it easy for a large number of people to have access to credit and financial services, which the traditional banking system was unable to. NBFCs have gained a lot of popularity and continue […]
What are the Different Types of Cooperative Societies?
A cooperative society is a group in which the people volunteer to work together in furtherance of common economic interest. Cooperative Societies work on the principles of self-help and Mutual benefit. It works to provide assistance to the members involved in it, and everyone earns a bit of profit from the same. It is the […]
PPI License Eligibility Requirements: Documents and Process
What are prepaid payments instruments? Post the demonetization blues, there has been a significant increase in digital transfers and cashless transactions. Prepaid payment instruments are instruments which can be used to avail goods or services up to the quantum of value stored in them. The holder of the prepaid instrument can pay for the value […]
Purpose and Applicability of New Nidhi Company Forms
Section 406 of the companies Act 2013 specifies what a Nidhi company is. It is a type of NBFC that is created for the purposes of borrowing and lending between its members. It is incorporated to inculcate a habit of savings in its members. It is known by different names like the permanent fund, mutual […]
Top Differences between Public vs Private Trust
Trust is a type of fiduciary relationship created between two parties i.e. the trustor and the trustee. The trustee holds the property till the time the beneficiary becomes eligible to have possession of that property. The trusts are set up with an objective to safeguard the trustor’s assets. The creation of trust ensures that the […]
Detailed Assessment of New Nidhi Company Rules
Nidhi Company is a type of NBFC with the purpose of fostering the habit of savings and thrift amongst its members. These companies accept deposits from their members and lend them to each other for mutual benefits. The Nidhi companies need not obtain a license from RBI. However, they must be registered as a public […]
Scale-Based Regulations for NBFC: New Classification
The Reserve Bank of India, through its circular released on the 19th of April earlier this year, laid out guidelines relating to advances by NBFCS and the mandatory disclosures they are supposed to make per the new scale-based regulations. RBI has defined aggregate exposure of NBFCs- The upper Layer NBFCs must not exceed 20 percent […]
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