Savings in bank provide little scope for growth. Nidhi companies in India provide the easiest and most effective solutions for investment and savings with wide scope and potential for monetary growth. Concept of Nidhi company Nidhi Companies in India were created for cultivating the habit of small savings targeted at the lower and middle class. … Read More →
Startups have been around as long as businesses have. Nonetheless, over the previous decade with the dotcom burst, economic reforms and easier access to venture capital, India has sprouted into a rich ground for fascinating homegrown startups. So whether you’re a college dropout, or some-one in mid 50s, exactly at the edge of leaving your … Read More →
The government recently said foreign entities would be allowed to own up to 15 percent stake in domestic stock exchanges, a move that would help boost their global competitiveness. The decision announced in the 2016-17 Budget speech by Finance Minister Arun Jaitley also comes against the backdrop of demand from various stakeholders who have been … Read More →
SEBI has passed perhaps the first adverse order on commodity trading after having acquired jurisdiction over this field from FMC. This order coincidentally comes almost exactly one year after this jurisdiction was proposed for it in Finance Bill 2015. The order is also curious as it specifically passes wider/dual bans debarring parties not only from … Read More →
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act that is engaged in the business of loans and advances, receiving deposits (some NBFC’s only), acquisition of stocks or shares, leasing, hire-purchase, insurance business, chit business. Therefore, NBFCs lend and take deposits similar to banks; however there are a few differences a) … Read More →