Fema / RBI : Concerns rise over improper practices in microfinance involving misuse of Rule 12 Declarations and MGT-14 forms by private and Sec...
Fema / RBI : Issuance of NCDs by Non-Banking Financial Companies (‘NBFCs’) is governed by RBI Master Directions and specific provisions ...
CA, CS, CMA : Comprehensive list of 308 legal compliances in India under FEMA, NBFC, and income tax laws. Includes monthly, quarterly, and annua...
Fema / RBI : RBI mandates prior approval for changes in control, shareholding, and management of NBFCs. Non-compliance could result in severe p...
Finance : Learn about microfinance company registration, NBFC vs. Section 8 models, and key compliance requirements under RBI regulations fo...
CA, CS, CMA : RBI prescribes that an audit firm can concurrently take up audit of maximum of eight NBFCs during a year, irrespective of the asse...
Fema / RBI : Delhi High Court sets aside RBI's cancellation of NBFC registration for failure to meet Rs. 200 Lakh NOF, directs fresh review of ...
Corporate Law : Supreme Court held that Banks/ Non-Banking Financial Companies (NBFCs) are obliged to adopt restructuring process of MSME as conte...
Fema / RBI : RBI directs NBFCs to adhere to a Rs 20,000 cash loan disbursement limit, aiming to regulate cash transactions and enforce complian...
Income Tax : Whether interest retained by NBFCs on assets purchased by SBI falls under categories of interest, fees for professional/technical ...
Income Tax : In ITO Vs Saivi Finance Pvt Ltd, ITAT Delhi restores the matter back to AO due to denial of natural justice, assessees not given c...
Fema / RBI : RBI restores risk weights on SCB exposures to NBFCs, reversing the 25% increase from November 2023. New rules take effect from Apr...
Fema / RBI : Explore the latest RBI circular on Credit/Investment Concentration Norms impacting Non-Banking Financial Companies. Learn about co...
Fema / RBI : Explore the draft circular by RBI on harmonising regulations for Housing Finance Companies (HFCs) with Non-Banking Finance Compani...
Fema / RBI : Explore RBI Draft Circular on Credit/Investment Concentration Norms for Government-owned NBFCs. Provide feedback by Feb 29, 2024. ...
Corporate Law : Explore the latest IRDA circular allowing insurers to invest in Infrastructure Debt Funds-NBFCs, streamlining the process for enha...
Explore the RBI’s proactive approach to curb customer complaints against banks. Learn about the guidelines restraining penal interest on loans, emphasizing fair practices. Discover how the RBI promotes credit discipline, protecting borrowers from debt traps. Ensure you comprehend the recent changes in lending practices to make informed financial decisions.
This article delves into the fundamental aspects of not-for-profit companies elucidating their purpose, key features, authorized activities, benefits, and their distinctive role in promoting social welfare. By examining recent legislative developments and exploring the core attributes of not-for-profit companies, this article aims to shed light on their significance in the broader societal context.
RBI’s regulations on changes in management & control of NBFCs. Learn about prior approvals, public notice requirements, and critical documentation.
Guide to procedure for share buy-back in a Non-Banking Financial Company (NBFC), including application format for RBI approval. Know more.
Instances arise where NBFCs fail to accurately calculate interest on these deposits, especially when it comes to considering the compounding frequency (RESTS) on a monthly, quarterly, or yearly basis.
Understand NBFC-CICs with this note covering their definition, qualification criteria, types of NBFCs, and specific details on Core Investment Companies. Stay compliant with RBI regulations. Contact us for queries.
NBFC Is a company registered under companies act 1956 or 2013, Engaged in business loans and advances, acquisition of shares/debenture /bonds issued by government or local authority
Understand RBI’s regulatory restrictions on loans and advances by NBFCs, effective from October 01, 2022. Learn about limits for directors, senior officers, and real estate sector exposure. Stay compliant.
RBI provisions require banks to set aside a minimum percentage of funds to cover expected credit losses .NBFCs are required to hold a 0.25% reserve. for outstanding loans on personal home loans and loans to small and micro businesses.
Ensure compliance with NBFC registration requirements with this comprehensive checklist covering RBI certificate, incorporation documents, CIC registration, FIU, CERSAI, and CKYC essentials.
