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Raghvendra Sonker

Raghvendra Sonker has completed his Graduation from Gujarat National Law University. He has a keen interest in legal drafting, writing articles, and research papers. His core interest areas are Banking and Financial Issues.

Aug 18 2022

Eligibility for Small Finance Banks to do Authorised Dealer-I Business

The Government of India regularly issues guidelines to facilitate the business of forex exchange transactions to the residents and non-residents visiting India. The transaction for sale or purchase of foreign...

Aug 16 2022

Importance of Project Report for your Business Idea

A project report is a document which provides a detailed description of a business model, structured plan of a business enterprise. It presents an overall picture of a proposed business...

Aug 13 2022

Detailed Breakdown of Scheduled Offences under PMLA

Concealment of wealth, whether earned legally or illegally, is not new. To curb this practice of money laundering, the central government has brought special legislation like the Prevention of Money...

Aug 06 2022

Meaning and Implication of Section 12 under PMLA

The Prevention of Money Laundering Act, 2002[1] was enacted to curb money laundering and terror financing activities. All financial institutions, including banking companies, non-banking financial companies and intermediaries, should verify...

Aug 04 2022

Master Guidelines for Anti Money Laundering/ Counter Financing of Terrorism: IRDAI

Money laundering is a growing issue in the Insurance sector. The insurance companies, especially those offering life insurance products having flexible and customised policies, are most affected.The large volumes of...

Aug 02 2022

Valuation of Sweat Equity Shares

Section 2(88) of Companies Act, 2013 provides for Sweat Equity Shares issued by employer/owner to its employees and directors at a negligible or discounted consideration, other than cash (in kind)....

Aug 02 2022

FIRB Approval for Investment in Australia

Big MNCs and Large Business houses always look to expand their business and eye for an opportunity to invest in lucrative foreign countries. Australia is one such place for strategic...

Jul 30 2022

Procedure for Obtaining Status of Dormant Company

In 2013, the Government of India introduced provisions for the classification of a company as dormant in the Companies Act, 2013, which was previously not available under the earlier Act....

Prepaid Wallet Interoperability: What RBI’s Master Direction Says

Government of India and the Reserve Bank of India (RBI) have taken several steps and initiated frameworks for encouraging digital payments.The roll outs of Digital wallets have proved beneficial for...

Who is a Registered Valuer under IBC

For the longest time, India needed a suitable legislation to resolve the rising problem of non-performing assent and strategic debt restructuring. In 2016, the government of India introduced the Insolvency...

Jul 27 2022

What is Zero-Based Budgeting? Meaning, Benefits and Process

All types of businesses prepare a budget for adequate allocation of funds and effectively manage the cost of expenses. Due to the Covid-19 pandemic, businesses have suffered a significant loss...

Jul 26 2022

What Functions Does a DSA of NBFC Play?

This blog focuses on understanding the role of the DSA of NBFC. When an individual applies for a loan from a bank or NBFC[1]to start or upscale the business, a...

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