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 Therefore, RBI said, respective original notifications and subsequent amendments stand repealed.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 →

start-ups

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 →

Guidelines for Licensing of Payments Banks

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 →

NRI Investment in Real Estate

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 →

Nidhi

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 →

NBFC Licesing & Registration in India

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act that is engaged in the business of loans and advances, receiving deposits (some NBFC’s only), acquisition of stocks or shares, leasing, hire-purchase, insurance business, chit business. Therefore, NBFCs lend and take deposits similar to banks; however there are a few differences a) Read More →