The Companies (Amendment) Act 2002 vides notification no. S.O. 135 (E) inserted part IX – A of the Companies Act, 1956 ( hereinafter referred to as “the Act” ) and presented the idea of Producer Company[1]. In the year 2002 a specialist committee drove by noted economist Y.K Alagh framed legislation for incorporation of a … Read More →
Full Fledge Money Changer License In India (FFMC) Any company which aim to do a forex currency exchange activity or cash changing activity in India need to acquire a Full Fledged Money Changer License from Reserve Bank of India. Reserve Bank of India yearly distributes rules for Full Fledged Money Changer’s vide an master circular … Read More →
Foreigners who bring FDI might get long term visa or residency permit as the alternative is being explored by the government to make travel simple for businessmen as a major aspect of the ‘Make In India’ crusade. The Finance Ministry and the Home Ministry’s foreigners division are thinking whether India can offer long term visa … Read More →
With an expect to advance simplicity of doing business, the Reserve Bank recently turned out with nine overhauled regulations under the Foreign Exchange Management Act (FEMA), 1999. Therefore, RBI said, respective original notifications and subsequent amendments stand repealed. “Keeping in perspective the target of advancing ease of doing business, a need was felt to solidify … Read More →
The Reserve Bank of India (RBI) recently relaxed several rules including foreign direct investment norms to boost start-up activity in the country. To begin with, start-ups are allowed to receive foreign venture capital investment irrespective of the sector in which they operate. The new norms will enable transfer of shares from foreign venture capital investors … Read More →
Abstract The government of India has formulated the Foreign Exchange Management Act (FEMA), which relates to the foreign direct investment in the country. Foreign Exchange Management Act (FEMA) has helped the country by encouraging external payment and trade. Formulation of Foreign Exchange Management Act (FEMA) In 1999, the Indian government formulated the Foreign Exchange Management … Read More →
ISO 9001:2015 is an internationally recognized quality standard. Chances are if you’re reading this you are interested in pursuing ISO certification for your business or organization. If you want to know more about the history and organization of ISO, please visit their web site at www.iso.ch. The International Organization for Standardization is based in Switzerland … Read More →
NEW DELHI: In a major clean-up exercise, markets regulator SEBI today said it will encourage delisting of suspended companies. At its board meeting today, the SEBI board discussed the plan for action for 2016-17, including steps to encourage delisting of suspended companies. Top exchange BSE last year proposed delisting of more than 1,000 companies from … Read More →
1. Registration, licensing and regulations The payments bank will be registered as a public limited company under the Companies Act, 2013, and licensed under Section 22 of the Banking Regulation Act, 1949, with specific licensing conditions restricting its activities mainly to acceptance of demand deposits and provision of payments and remittance services. It will be … Read More →
Guidelines for Licensing: 1. Registration, licensing and regulations The small finance bank shall be registered as a public limited company under the Companies Act, 2013. It will be licensed under Section 22 of the Banking Regulation Act, 1949 and governed by the provisions of the Banking Regulation Act, 1949; Reserve Bank of India Act, 1934; … Read More →