Until now, Non-Banking Financing Companies (NBFCs) had only been permitted to issue co-branded credit cards. According to certain sources, the RBI may enable non-bank financial institutions (NBFIs) to issue credit cards. According to sources, the RBI is in talks with NBFCs about allowing a handful of them to issue credit cards on their own without […]
Claim Shares from the Investor Education and Protection Fund Authority Unclaimed Shares for recovery of shares in India To recover the shares and dividend amounts transferred to the Investor Education and Protection Fund (IEPF) Jurisdiction, the Shareholder must complete the steps outlined below: Shareholders must open a Demat Account with NSDL/ CDSL since shares will […]
In terms of nominations by holders of physical securities, Sebi stated that nomination forms will be sent out in two waves to the security holder accounts. The capital markets regulator, the Securities and Exchange Board of India (Sebi), today clarified requirements for Registrars to Issue and Share Transfer Agents (RTAs) in processing investor service requests, […]
In the year 2021, when a record $36 billion was invested in Indian startups, 35 non-founder top management had joined the Rs 100-crore inventory options club, creating the possibility for wealth accumulation that employee stock options provide. According to top-tier entrepreneurs, the expanding membership also indicates that Esops have gone mainstream in India and are […]
Food Safety and Standards Authority of India (FSSAI) is an authoritative institution that issues the Food Safety License to the food business owners (FBO) in India. They have a responsibility to ensure food safety and hygiene norms. Restaurants must adhere to FSSAI guidelines to avail of the license. FSSAI license is mandatory for all food […]
The Supreme Court has defined sexual harassment in its order as any unwelcome, sexually determined physical, verbal, or non-verbal act against a women. For example, a sexual remark about a colleague, asking for sexual favours, showing pornography or conducting offensive acts at the workspace. All of this can affect the personal as well as professional […]
With strong RBI regulations in place since the IL&FS crisis, the big NBFCs have been facing a credit crunch since 2019. However, mid-size and small size NBFCs have been doing well and ready to raise a significant amount of FDI for retail lending. India has about 9000+ active NBFCs but hardly 954 of them have […]
Piramal Enterprises Limited (PEL) has a diversified portfolio of pharmaceuticals and financial lending business based on the wholesale lending model. The company has made heavy growth in the financial sector in the last few decades and came out as a big player in the Indian financial market. The company through its retail lending business gives […]
In the wave of several reforms presented by the govt for the promotion of ‘Ease of Doing Business’ in India, one landmark development within the dynamic world of insolvency and bankruptcy was the introduction of the ‘Insolvency and Bankruptcy Code, 2016’ (‘IBC’ or ‘Code’). Before the enactment of IBC, the insolvency resolution process in India […]
Tata Consultancy Service Ltd. (TCS) is an IT sector market leader in India and is one of the largest IT MNCs in the world. The company specialises in IT outsourcing and consultancy services and has a repute for giving the best solutions to any client. It has handled many projects from the government and private […]
