Banks can’t use their own FDRs as collateral: SEBI Strengthening its risk management mechanism, markets regulator Sebi today barred banks from using their own Fixed Deposit Receipts (FDRs) as collateral in their function as trading or clearing members of stock exchanges, directly or through associate entities. In a circular to clearing corporations, Sebi asked them Read More →

payments bank

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 →

Nidhi

Deposits in Nidhi Company (1) The fixed deposits shall be accepted for a minimum period of six months and a maximum period of sixty months. (2) Recurring deposits shall be accepted for a minimum period of twelvemonths and a maximum period of sixty months. (3) In case of recurring deposits relating to mortgage loans, the Read More →

limited company

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 →

taxes

What are the Different Types of Taxes Taxes may be categorized into different as their nature as direct taxes, indirect taxes, progressive taxes, regressive taxes etc. Direct Tax A direct tax is the one, which is paid by the person or entity on whom it is legally imposed. It is collected from the persons or Read More →

Why RBI governors need a longer tenure: The outgoing governor of the Reserve Bank of India (RBI), Raghuram Rajan, recently told a parliamentary committee that a three-year term for the central bank chief is not sufficient. As India is moving to a new rules-based monetary policy framework, it is perhaps also time to put an Read More →