A producer company means a body corporate, having objects specified in section 581 B and registered as a Producer Company. The object of a producer company shall relate to all are any of the following namely: Production , harvesting , procurement, grading , pooling ,handling marketing, selling, export of primary produce of members or import … Read More →
Private Limited Company A private limited company is a voluntary association of not less than two and not more than fifty members, whose liability is limited, the transfer of whose shares is limited to its members and who is not allowed to invite the general public to subscribe to its shares or debentures. Its main … Read More →
An application for registration of a Multi-State Cooperative society shall be made in the prescribed form (Form 1 and Form 2) http://mscs.dac.gov.in/ The application shall be signed by:- In the case of a multi-state Cooperative society of which all the members are individuals, by at least fifty persons from each of the states concerned. In … Read More →
In 1990s there were various instances of collection of money by numerous agro-based and plantation companies, which eventually failed to provide any return on the investments (despite promising around 18-30% returns) including the repayment of principal amount. In this context, the Government of India, vide its press release dated November 18, 1997, decided that an … Read More →
Volatile markets notwithstanding, more than 2,200 new Foreign Portfolio Investors ( FPIs) registered with regulator Sebi in the first 10 months of the ongoing fiscal. According to the latest data from Securities and Exchange Board of India (Sebi), the capital markets had witnessed 1,444 newly registered foreign portfolio investors in the entire fiscal 2014-15.
Suspicion of cash transfers through the illegal hawala channel in the course of arbitrage between gold futures contracts traded on local exchanges and those traded overseas was one of the main reasons for Sebi and Economic Offences Wing (EOW) of the Mumbai police to have conducted joint raids on certain brokers in Kolkata and Mumbai, … Read More →
What are Small Finance Banks? Small finance banks will be permitted to take deposits from customers. Furthermore, as against payments banks, small finance banks will likewise be permitted to loan cash to individuals. Large number of the entities that have received the ‘in-principle’ nod include micro-finance organizations. Which implies, most customers of small finance banks … Read More →
Despite the benefits associated with public listing, the SMEs were not able to access the capital markets through extant Stock Exchanges due to several factors such as stringent regulatory, disclosure and financial requirements and the like. The creation of a separate stock exchange for SMEs has been on the policy makers’ agenda for quite some … Read More →
Demand for policy rate cut may be considerable, but given the central bank’s inflation target, rate cut space is scant, and the Reserve Bank is likely to cut only 25 bps in the upcoming monetary policy, a Deutsche Bank report says. According to the global financial services major, with RBI sticking to its goal of … Read More →
Quitas Holdings, which has got a license for small finance bank, is expected to hit the capital markets in the first half of April to raise an estimated Rs 2,000 crore through an initial public offering (IPO). This could be the first small finance bank license holder to list on stock exchanges. Another microfinance lender … Read More →