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Conversion of Nidhi Company to NBFC
Shivani Jain
| Updated: Jan 19, 2021 | Category: NBFC, Nidhi Company

Conversion of Nidhi Company to NBFC: A Complete Guide

In India, the concept of Nidhi Company is emerging as a popular trend, as it the cheapest way to incorporate an NBFC or Non Banking Financial Company. It shall be...

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Operational and Credit Policy Norms for NBFCs
Shivani Jain
| Updated: Jan 19, 2021 | Category: NBFC

Operational and Credit Policy Norms for NBFCs: A Complete Guide

In India, the concept of NBFC has made its presence six decades back, i.e., around 1960, and since then this lending structure is playing a significant role in serving the...

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Shivani Jain
| Updated: Jan 18, 2021 | Category: News

Amendment in Form SH-7 by the Ministry of Corporate Affairs

Recently, the MCA (Ministry of Corporate Affairs) has used its powers given under the provision of section 143 (11) of the Companies Act 2013 and issued a Notification No. G.S.R....

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FFMC Compliances
Shivani Jain
| Updated: Jan 18, 2021 | Category: Other Services

FFMC Compliances: A Guide on Pre & Post Registration Compliances

In India, the utmost authority to deal with foreign currencies, coins, and forex is only with the Money Changers or the entities who are having Full Fledged Money Changer License...

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FFMC Registration from RBI
Shivani Jain
| Updated: Jan 18, 2021 | Category: FFMC, RBI Advisory

FFMC Registration from RBI: A Complete Guide on the Process

Any company or an individual who wants to carry out forex activities, such as trading or exchange needs to first obtain FFMC Registration from RBI. Further, a Full Fledged Money...

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Applicability of CARO 2020
Shivani Jain
| Updated: Jan 16, 2021 | Category: News

MCA Deferred the Applicability of CARO 2020 by One Year

Recently, the Ministry of Corporate Affairs has used its powers conferred under section 143 (11) of the Companies Act 2013 and issued an Order dated 17.12.2020, concerning the Amendments made...

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Dissimilarities between Trust & Section 8 Company & Society
Japsanjam Kaur Wadhera
| Updated: Jan 16, 2021 | Category: Section 8 Company, Trust

What are the Dissimilarities between Trust, Section 8 Company & Society?

A Non Governmental Organization also referred to as non profit organizations in India, can be registered under different authorities for a charitable purpose. These organizations are formed to promote social...

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Incorporate Section 8 Company
Shivani Jain
| Updated: Jan 16, 2021 | Category: Section 8 Company

Incorporate Section 8 Company: Concept & Process to Register

In India, any person or an individual who wants to promote art, science, commerce, education, sports, social welfare, research, charity, environmental protection, religion, etc., needs to incorporate section 8 company....

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Cancellation of FFMC License
Shivani Jain
| Updated: Jan 16, 2021 | Category: FFMC

Cancellation of FFMC License: Reasons for Cancellation of License

A Full-Fledged Money Changer is an entity that is approved by the Apex Bank, i.e., RBI, to conduct Money Changing Activities in India. They mainly purchase foreign exchange from the...

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Renewal of FFMC
Shivani Jain
| Updated: Jan 16, 2021 | Category: FFMC

Renewal of Full Fledged Money Changer License: A Complete Guide

The Authorised Money Changers or AMCs are the companies that have obtained FFMC (Full Fledged Money Changer License) under section 10 of FEMA 1999[1] from RBI. Further, in India, an...

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