NBFC played a critical role in stimulating the growth of the Indian economy and now NBFCs become real game changers in finances industry. NBFCs, continuously involved in providing financial services such as personal loans, financing of car/bike, truck financing, farm equipment financing, loans for purchase of used commercial machinery, secured/unsecured working capital financing, etc. The … Read More →
Direct selling is about connecting people and building relationships while offering personal attention and quality service. Direct selling is an entity which refers to selling the product or services to the consumer directly. Direct Selling also known as MLM, is a method of compensation which rewards participants with income not only on their … Read More →
Blockchain is a tremendously promising technology in our infinite search for ways to increase computing power, speed and security. 2017 was the year that most people will remember when the term ‘cryptocurrency’ became part of our vernacular. The massive surge in the value of coins like Bitcoin, people to stand up and take notice. As … Read More →
To Finance Short-Term Capital, Companies can use the following Methods:- Trade Credit Companies buy raw materials, components, stores and spare parts on credit from different suppliers. Generally suppliers grant credit for a period of 3 to 6 months, and thus provide short-term finance to the company. Availability of this type of finance is connected with … Read More →
Methods of Raising Capital in Business A company may raise funds for different purposes depending on the time periods ranging from very short to fairly long duration. The total amount of financial needs of a company depends on the nature and size of the business. The scope of raising funds depends on the sources from … Read More →
Procedure for Conversion of Partnership to Limited Liability Partnership After implementation of Limited Liability Partnership (LLP), more and more Partnership Firms are converting themselves to Limited Liability Partnership (LLP) for obvious reasons of unlimited number of Partners, perpetual succession, limited liability, transferability etc. In this article we will discuss about the step by step procedure … Read More →
The requirements of Directors of an Indian Company In some instances the directors and members of a company can be personally held liable. The following provisions of the Indian Companies Act, 1956 provide that the Members or the Directors/officers of a company will be personally liable if: 1.A company carries on business for more than … Read More →
Advantages and Disadvantages of a Limited Company What are the advantages of a Limited Company? A limited company has following advantages: Members’ (the directors and shareholders) financial liability is limited to the amount of money they have paid for shares. The management structure is clearly defined, which makes it easy to appoint, retire or remove … Read More →
How To Get Government Approvals for Joint Ventures All the joint ventures in India require governmental approvals, if a foreign partner or an NRI or PIO partner is involved. The approval can be obtained from either from RBI or FIPB. In case, a joint venture is covered under automatic route, then the approval of Reserve … Read More →
Types of Financial Needs of a Business Financial Needs of a Business may be Classified into two on the basis of the Extent of Permanence: Fixed Capital: The funds required to purchase fixed or durable assets are known as fixed capital or long term capital. The fixed or durable assets include land, buildings, machinery, equipment … Read More →