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 →
In some of the Middle East nations as well as places like Malaysia and Singapore the domicile restrictions are forcing NRIs working there to secure a home back in India when the going is good. The RBI and FEMA regulations have categorically specified the kinds of investment that is permitted for NRIs in the real … Read More →
Startup community in India is excited by the announcements made by the Prime Minister Narendra Modi as Startup India Action Plan. After announcement of Startup India Action Plan, the Startups have come up with a question “Who is eligible for schemes under Startup India Action Plan?†Here are the highlights of Startup India Action Plan … Read More →
Broad differences between a co-operative and a company are as follows: S. No Item Cooperative Society Company 1 Object Interest of members and community Self interest either of management or the share holders 2 Number of members Minimum number of members should be 50 for a multi state cooperative society from each state in case … Read More →
What is an offshore company? First and foremost, it is essential to define the term Offshore. Offshore relates to managing, registering, conducting, or operating in a foreign country, often with financial, legal and tax benefits. An offshore company has a variety of uses and benefits for clients wishing to engage in international financial trade and … Read More →
The growth of entrepreneurship in India, coupled with a growing economy conducive to innovation and technology advancement, has paved the path for an entrepreneurial boom in the country. One of the primary reasons why a lot of people shied away from the less traveled road of entrepreneurship was the lack of financial resources. But that … Read More →
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 →