New generations of young & technology peoples face a highly complex & uncertain economic environment with a degree of choice & consumer freedom never seen before. Financial institutions need to help Millennials not only to access credit but also to navigate the intricacy of their financial lifecycle. Thus the banks & credit unions do not […]
India is a country with a huge population. Banks, in spite of having increased their presence, have certain limitations as they cannot open branches in remote and inaccessible places. This is why to meet banking requirements of the people, there are many NBFC operating mainly in rural parts of the country. Lets discuss about NBFC […]
After immense discussion on P2P lending regulations in India, the Reserve Bank of India issued gazette notification dated 18th September 2017 stating that peer to peer companies who provide loan facility service will be treated as Non-Banking Financial Companies (NBFC). Though the regulator’s detailed guidelines for this sector are still pending, this development means that […]
Electronic monetary transactions and mobile wallets have achieved significant growth in recent years. Every day we come across discounts offers like “Use PayTM wallet and get 5% additional discount on BigBasket, “Use Ola wallet while booking Ola cabs and get a discount on my taxi fare” etc. The question arises is what all these wallets […]
A cooperative credit society is defined as a cooperative society & the primary object of which is to provide financial accommodation to its members & includes a cooperative l& mortgage bank. A cooperative business which is jointly owned enterprise engaging in the production or distribution of goods or the supplying of services, operated by its […]
Every organization or business owe to the society they operate which is known as Corporate Social Responsibility. What is Corporate Social Responsibility u/s 135 of companies Act 2013? Companies Act 2013 has introduced a new concept called Corporate Social Responsibility (CSR). CSR is merely moral obligation that the corporate world owes to the society. The […]
The Non-Banking Financial Companies (NBFCs) are Companies who act alike Banks. NBFC License is a Company duly registered under Act whose principal business is to conduct the financial activity. In India, the number of NBFCs is significantly growing and plays a vital role in the financial sector. In this blog, we will brief about the […]
Trademark assignment is a process where any party whose name is entered in the register as proprietor of the trademark can transfer the ownership of such trademarks in favour of another whether with or without the goodwill of the business. Through assignments, trademark rights are transferable. When a trademark is assigned to another party, its […]
As we all know the Food Safety and Standards Authority of India (FSSAI) have mandated for all FBO to take food license/registration before commencement of food business. The FSSAI Central license is divided into three parts (Basic fssai Registration, State License, and FSSAI license) based on their business, turnover or production. Now, let’s have a […]
Supplements are intended to provide nutrients to provide all the necessary nutrients and also non-nutrient chemicals which are biologically beneficial to human body. Supplements include proteins, vitamins, minerals, amino acids, and many other substances. At present, there are more than 50,000 dietary FSSAI Food suppliments available in the market. India’s growing the market for supplement […]
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