A place that serves both the delicious food and attractive ambience becomes the first choice for customers. Therefore, despite the tough competition, every young entrepreneur chooses to start a restaurant business in India. As per a report by STATISTA [1] , the Market Value of the Indian Restaurant Industry was about Rs 4 Trillion in […]
The business of foreign exchange or foreign securities can only be undertaken by Authorised Money Changers, who have obtained the Full-Fledged Money Changer License from the RBI. In this guide, we’ll talk about how money changers work and the different kinds of activities that can be undertaken by them. Concept of Authorised Money Changers Authorised […]
The activities relating to foreign currency or money exchange can only be undertaken by Authorised Money Changers, who hold the FFMC or Full-Fledged Money Changer License. Any business who holds this money changer license in India is required to comply with various post-license registration requirements with the RBI. In this guide, we talk about post-registration […]
India is a rapidly developing economy, with a diverse population and a large bank of talent. However, a significant portion of the country’s population resides in rural and semi-urban areas, where the traditional banking services are yet to make a mark. Individuals and businesses belonging to the lower-income group are unable to find secure channels […]
Indian Taxation System has consistently evolved ever since Goods and Service Tax rolled out in India. Due to the peculiar nature of GST, its applicability is still obscure to many new-age businesses. Amidst several other contemporary career fields, the Bloggers and YouTubers have made a prominent mark. The biggest speculation in this profession is how […]
National Industrial Classification code abbreviated as NIC Code is an imperative statistical standard developed to analyze and compare each business entity contribution in the asset development of the Indian Government. An accumulative data of multiple firms is used to measure economically active populace and its conveyance, arrange different types of labour, work insights of the […]
The greater thing in life is not what you have but what you can offer to the society. In the metropolitan sphere, everyone is busy watering their dreams and is least concerned with social welfare. It is essential to make the world a better place by igniting the feeling of harmony, humankind, and charity. One […]
A shortage of finances is inevitable while running a business that compels an entrepreneur to explore fundraising methods. The Company Act 2013 prescribes various ways to raise the company’s capital, which entail the right issue, sweat equity shares, employee stock ownership plan, IPOs, and preferential allotment. Amongst all the stated methods, preferential allotment seems to […]
When people with a mutual social, cultural, and economic interests join together to form an establishment, it is known as Cooperative Society. The fundamental objective of a Cooperative Society is to promote self-help and mutual help. The foundation of Cooperative Societies lies on the voluntarism and follows the philosophy of “All for each and each […]
NBFCs are financial institutions that are registered under the Companies Act, 2013, and regulated under Section 45-I of the Reserve Bank of India Act, 1934. Such entities carry the business of loans and advances, acquisition of shares, stock/ bonds/ securities/ debentures issued by Government or local authorities. NBFCs cater to the needs of weaker sections, […]
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