Section 66 of the Companies Act, 2013 allows a company to reduce its Authorized Share Capital. The Central Govt for this purpose constituted the National Company Law Tribunal (NCLT). It was notified of Procedure for Reduction of Share Capital of Company Rules, w.e.f. December 2016. Conditions Applicable: The reduction is Considered for internal Re-structuring of the company. So the consent in the [...]
According to an RBI report, in 2017, Non-Banking Financial Company, are performing better than the banks are saddled by bad loans and poor profitability. The realization comes as NBFCs has been the largest net borrowers of funds from the financial system, in a few financial years. There are growth opportunities for NBFCs because they are involved [...]
Nidhi Company Explained To choose the best business structure before you open a Finance Company, Nidhi company vs NBFC, MF, etc, let us first understand what is Nidhi Company, that exists only in the Indian community. The term Nidhi means ‘treasure’. And in the Indian Finance sector, it has come to represent a mutually beneficial [...]
Before getting into the main components of NBFC evaluation, here is brief information about NBFC. Registered under the Companies Act, 1956, NBFC Registration is provided to the companies engaged in the business of: loans and advances, investments in stock/equity/shares/bonds/debentures and other Govt securities, hire-purchase, chit fund, lease, insurance business, but cannot include in: agricultural activity, industrial [...]
Deciding to start a Business means making countless sacrifices and facing all kinds of challenges, big or small. There are too many things that need to be done and looked after. It becomes overwhelming if the full manpower hasn't been hired. Which is, generally, the case with every business, as they tend to start with [...]
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[fusion_builder_container hundred_percent="no" equal_height_columns="no" hide_on_mobile="small-visibility,medium-visibility,large-visibility" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" border_style="solid" type="legacy"][fusion_builder_row][fusion_builder_column type="1_1" type="1_1" layout="1_1" background_position="left top" background_color="" border_color="" border_style="solid" border_position="all" spacing="yes" background_image="" background_repeat="no-repeat" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="small-visibility,medium-visibility,large-visibility" center_content="no" last="true" min_height="" hover_type="none" link="" border_sizes_top="" border_sizes_bottom="" border_sizes_left="" border_sizes_right="" first="true"][fusion_text]One Person Company Annual Compliances refers to [...]
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