Finance - Page 3

Invest to Create Wealth

On the eve of New Financial year ahead I want to take you to the path which helps you to reach a destination called Wealth. This article is for those who are in the age group of 18 to 45. As it is written particularly by keeping in mind that people would have sufficient wealth […]...

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Unregulated Deposit Ordinance-FAQ’S

Q.1 To whom the ordinance is applicable?A1 .The Ordinance is applicable to all persons receiving or soliciting deposits, working in any legal capacity, namely:(i) Individual or group of individuals(ii) A proprietorship concern(iii) A partnership firm (Registered or not )(iv) A Limited Liability Partnership Firm(v) A Company(vi) A trust (P...

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Pension Plans Offered by Mutual Fund Houses

When we talk about retirement, the few options that come to mind are PPF, NSC, FD etc. However, the pension funds offered by mutual fund houses rarely get a mention. Financial expert Renu Pothen put a light on the various Pension plans offered by MF houses that can make as a good option for investors […]...

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Everything you need to know before going for a Fixed Deposit

It’s pretty evident that any individual would wish to figure out the best course of action that can be taken to maximise their income. This mentality has become all the more prevalent as the financial year draws to a close, with the idea of saving up on tax rising during this particular phase. A combination […]...

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Key understanding on Banning of Unregulated Deposit Schemes Ordinance, 2019

Introduction: The Banning of Unregulated Deposit Schemes Bill, 2019 was passed by the Lok Sabha on 13.02.2019 but could not be passed by the Rajya Sabha. Since the Parliament is not in session, the BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019 has been issued by the President of India vide Notification dt. 21.02.2019. According t...

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Corrigenda to Banning of Unregulated Deposit Schemes Ordinance, 2019

Corrigenda to Banning of Unregulated Deposit Schemes Ordinance, 2019 (28/02/2019)

MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 28th February, 2019 CORRIGENDA In the BANNING OF UNREGULATED DEPOSIT SCHEMES ORDINANCE, 2019 (No. 07 OF 2019) as published in the Gazette of India, Extraordinary, Part 11, Section 1, Issue No. 13, dated the 213‘ February, 2019,— Page No. Line(s) No.  For Read 28...

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Gear up for growth with a Bajaj Finserv Flexi Business Loan

Running your own business in this climate will surely set you up for success. However, this is only possible when you’re able to give your business the funds it needs over time, be it for working capital, to fill in the gap when you are awaiting a sizeable payment, or to pay for inventories in case an urgent order comes your way....

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Rigors of Banning of Unregulated Deposit Scheme Ordinance, 2019: realignment of financial transaction

The Act comes in force at once with effect from 21st February, 2019 (Section 1(3)). This will mean that the Ordinance shall not have retrospective application and shall not apply to transactions which have taken place prior to the Act coming in force which shall continue to be governed by the law as it existed prior to the Act coming in f...

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5 Investment Options to Multiply Your Savings

Have you ever heard of people that get rich by saving? No, because hoarding funds is not a great way to for anyone to maximise their profits. Rather, most people with a massive volume of funds get rich by making sound investments that yield substantial returns. Keeping this in mind, it must be said that […]...

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Unregulated Deposit Scheme- Important Points

Banning of Unregulated Deposit Schemes Ordinance 2019 (Applicable from 13th Feb 2019) Meanings Deposit: an amount of money received by way of an advance or loan or in any other form, by any deposit taker with a promise to return whether after a specified period or otherwise, either in cash or in kind or in […]...

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Finance News India

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