The crime rate in India has gone too far, be it kidnapping, rapes, or, thievery; our nation has become unsafe in every way possible. The growing crime rate calls for some actions in the form of a security agency. Since one cannot always remain in the terror of any mishap, so it’s indispensable to take […]
On November 5, RBI has extended the deposit withdrawal limit for all the PMC bank depositors to ₹50,000. It’s inclusive of the limit ₹40,000 which was relaxed earlier. This outrageous step of the Reserve Bank of India will enable 78% of the Punjab and Maharashtra Cooperative bank’s depositors to withdraw their entire account balance. Highlights […]
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 […]
Securities Transaction Tax Rules 2004 introduced with effect from 2004 by the then Finance Minister, Mr. P. Chidambaram [1] to cover the purchase and sale of securities under the ambit of Income Tax Implication. Securities Transaction Tax stands for STT applied to all the transactions related to equity. Securities Transaction Tax was introduced with a […]
Businesses these days face cut-throat competition and have to survive in critical conditions. Due to this, many corporate cross national boundaries to increase their market and profit-making. However, doing business internationally is not that simple as it sounds and attracts much compliance. Among other complexities of following several laws and guidelines, there is a certain […]
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 […]
In the present era of continuously growing competition, existing businesses has to face different challenges that questions their very existence. With the change in time, customer preferences also keep on changing. To meet such changes; corporate require to undergo structural modification such as a Merger, Amalgamation, or Takeover. A well-formed company takeover checklist can enable […]
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 […]
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