Dashmeet Kaur is an experienced content writer, having proficiency in writing Legitimate content with comprehensive research. She also has a keen eye to detail and incorporating accurate facts.
NBFC or Non-Banking Financial Company is a financial entity registered under Section 45-I of Reserve Bank of India Act. It is a perfect alternate of traditional lending institution servings various businesses, like micro and small-sized industries, for deploying funds. Catering the needs of weaker sections of the economy, NBFCs plays a significant part in restoring the financial position […]
Cheque bounce is a grievous criminal offence filed under Section 138 of the Negotiable Instruments Act, 1881. Over the last decade, several bounce cases engulfed the Indian court. According to the Supreme Court’s data, there is over 40 lakh pending cheque bounce cases in India. Lets take a deep dig for Procedure to File Cheque […]
Packaged food plays an integral role in our contemporary lifestyle. Since we think of it as hygienic and delicious to have, we keep on consuming it without knowing its harmful repercussions. FSSAI has recently conducted a study on plastic packaging. The study reveals how plastic can cause contamination in food products that act as an […]
The present-day scenario of the banking sector has become nothing but a battlefield. Wherein, every bank strives to overpower the other by forming new financial schemes. The safest way to escape competition is to take shield under Merger and Amalgamation. It is the most effective method of merging two different entities into one entity. Liberalization […]
SEBI has released an exhaustive list of the defaulter in payment of penalties by the market regulator. The list displays a staggering number of about 2000 entities that have breached various securities norms. Many renowned entities have failed to pay fines for the offences in regards to the securities market. Some prominent names in the […]
Several financial entities who failed to obtain an NBFC license have got a perfect get through in the form of NBFC sale. It is a simple process of purchasing some existing NBFC. Reportedly, the procedure of NBFC sale is more efficient and cost-effective as compared to NBFC registration. It renders an extensive range of services […]
A company incorporated to cultivate the habit of saving amidst its members or shareholders falls under Nidhi Company. The dictionary meaning of the term Nidhi is ‘treasure’. However, in the Indian financial sector, it a mutual benefit society which gets notified by the Central Government. Nidhi companies can solely take a deposit from their members […]
Considering the financial needs of unserved sections of our society, RBI creates a new segment of banks called Small Finance Banks (SFB). It has the main objective of furthering financial inclusion by supplying credit and provision of savings vehicles through high technology. SFB’s target audience is a marginal group of farmers, unorganised entities, micro & […]
The new-age technology has channelized our Country for a better today and tomorrow. An excellent upshot of advanced technology is E-wallet or digital wallet, which has transformed the realm of payment altogether. It is a perfect invention that fits well with the needs of the conventional world. E-wallets business models have given a sudden boost […]
Taxpayers often take tax evasion measures to protect their tax outflow from the Government. Henceforth, it becomes requisite for the Government to keep a close eye on such measures and issue new provisions to restrain the illegal practices. In 2004, the Finance Act introduced a tax called the Securities Transaction Tax (STT) to reduce the […]