The Knowledge Corner

Dashmeet Kaur | Updated: Nov 05, 2019 | Category: NBFC, RBI Advisory

A Complete Guide for NBFC Business Plan in India

An NBFC business plan is a potent tool to layout the foundation of a company. It not only helps the company to set short and long term objectives but also...

Dashmeet Kaur | Updated: Nov 04, 2019 | Category: Prepaid Wallet, RBI Advisory

What are the Closed Wallet RBI Guidelines?

On 16 October, the Reserve Bank of India (RBI) issued new guidelines to allow interoperability for closed wallets. It is a prominent move from RBI’s side that enables a seamless transfer of...

Appointment and resignation of directors

Dashmeet Kaur | Updated: Nov 02, 2019 | Category: Compliance

The Procedure for Appointment and Resignation of Directors

Section 168 of Companies Act, 2013 provides a clear picture of the appointment and resignation of directors which wasn’t covered previously in the Companies Act, 1956. Since a company do...

Dashmeet Kaur | Updated: Nov 01, 2019 | Category: Fire NOC

Fire Safety Rules Made Mandatory by the Government of India

Lately, there have been many instances of fire outbreak in India, which raised a question on the safety and security of citizens. Fire can create a severe threat to the...

Dashmeet Kaur | Updated: Oct 31, 2019 | Category: Government, NSIC

Procedure, Fees and definition of NSIC Registration

NSIC refers to National Small Industries Corporation, which is a Mini Ratna PSU founded by the Government of India in 1955. It comes under (MSME) Ministry of Micro, Small & Medium Enterprises. NSIC...

Advantages and Disadvantages of Section 8 Company

Dashmeet Kaur | Updated: Oct 30, 2019 | Category: Section 8 Company

What are the Advantages and Disadvantages of Section 8 Company?

Not every company strives to earn profit by commencing trade; many companies primarily work on non-profit and charitable objectives. Such companies are known as Section 8 as per Companies Act,...

Dashmeet Kaur | Updated: Oct 28, 2019 | Category: Payment Gateway System, RBI Advisory

Top 5 Best Payment Gateway Systems in India

Gone are the days when transactions were made through cash, now the world has revamped into a digital sphere where E-commerce is the market and payment gateway is the mode...

Savvy Midha | Updated: Oct 26, 2019 | Category: Microfinance Company

Non-Banking Financial Company – Micro Finance Institution

Non-Banking Financial Company known as NBFCs, is governed and regulated by the provisions of RBI, Ministry of Corporate Affairs, and Companies Act. These are Companies registered under Companies Act 1956...

Savvy Midha | Updated: Oct 25, 2019 | Category: Prepaid Wallet, RBI Advisory

How to Start a Prepaid Wallet License Business in India?

In recent times, online payments and cashless transactions have gained a lot of popularity owing to the ease with which they get done. Nowadays, people hardly carry any cash and...

Dashmeet Kaur | Updated: Oct 24, 2019 | Category: NBFC, RBI Advisory

NBFC Account Aggregator: A Framework on Financial Information Sharing

On 3rd March 2016, the Reserve Bank of India had sought shareholders’ comments on the “Draft Regulatory Framework for Account Aggregator Companies to promote Consolidated Viewing of Financial Asset Holding.”...