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 life of numerous residents and affect their occupancies. As per the reports of India Risk Survey (IRS), fire explosion is the third biggest risk to the […]
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 diligently works on promoting the growth of MSME businesses in India by running various schemes like Raw Material Assistance, Performance and Credit Rating Scheme, Marketing Support, […]
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 of operation. India has progressed enough in term of online payment platforms which enables people to travel cashless anywhere. Payment gateways are a secure and […]
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 (Now Companies Act 2013). NBFC operates in India to carry on the business of providing Loans & Advances, Acquiring Stocks, Equity Shares, debt, etc. NBFCs […]
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.” It foresees the formation of a new class of NBFC (Non-Banking Financial Companies) known as NBFC Account Aggregator. In the advancement of this framework, RBI […]
Immersed in the traditional roots of India, the term Nidhi refers to treasure. A Nidhi Company is a form of company in the non-banking financial sector incorporated under Section 406 of the Companies Act 2013. The primary objective of Nidhi Company revolves around cultivating the habit of savings and thrift amidst its members. The companies […]
Insurance Broker & Its Categories An insurance broker is a professional and qualified individual, firm, or company with expertise and vast knowledge of insurance-related products, services, laws, and regulations concerning the same. An insurance broker can be a person, or it can be a firm or company that acts through its director, promoter, employee, or […]
Highlights of the Topic: Rights Issue As per Companies Act 2013, the rights issue means further issue shares to the existing shareholders of the company in proportion to their holding. The rights issue is governed under the Companies Act 2013 and SEBI (LODR) regulations 2014. The rights are offered to existing shareholders in proportionate ratio […]
In an era where corporate growth is at peak with increasing competitive & financially constrained environment, corporates are identifying various growth strategies to pursue new opportunities for diversification to enhance their market position & financial performance. Corporate houses follow various growth strategies to expand and diversify such as entering into new markets to provide their […]
NBFCs (Non-Banking Financial Companies) are the type of companies which provide banking services like loans and advances, acquisition of stocks/bonds/shares/securities/debentures. They are incorporated as per Companies Act 2013 and regulated by the RBI. NBFC’s operations are similar to that of banks, yet they differ in some aspects such as the NBFCs cannot issue cheques while […]
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