Concerns rise over improper practices in microfinance involving misuse of Rule 12 Declarations and MGT-14 forms by private and Section 8 companies.
Learn about the licensing process, eligibility, and requirements for money changers under FEMA, including FFMC licenses, documentation, and operational guidelines.
RBI mandates prior approval for changes in control, shareholding, and management of NBFCs. Non-compliance could result in severe penalties, including registration cancellation.
Understand the types of NBFCs and their compliance requirements under the new RBI directions of 2024. Learn about NBFC classifications, regulations, and RBI returns.
Discover the process of acquiring a .edu domain, its benefits, importance, and how it distinguishes educational institutions online.
Embark on the journey of opening a private university in the USA. Learn the steps, from business licensing to accreditation, ensuring a successful start for your educational institution.
Learn about Microfinance Company Registration in India. Explore the two types: NBFC-MFI and Section 8 microfinance company. Understand the process, requirements, and exemptions. Start your legal finance business with ease.
Learn about the exemption for section 8 microfinance companies from RBI approval. Understand how these companies can provide loans for the betterment of the poor.
Explore the world of Non-Banking Financial Companies (NBFCs), their differences from banks, RBI regulations, and the 50-50 test. Learn how NBFCs operate in the financial landscape.
Understanding the Changes in Nidhi Rules, 2014 with the Introduction of Nidhi (Amendment) Rules, 2022. Learn about the provisions and criteria before and after the amendment.