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What is a Semi-Closed Wallets?

In semi-closed wallets, you can do the shopping and transfer virtual funds to another user in the same wallet network. A semi-closed wallet also allows you...

May 26 2017

Procedure for Incorporation of NBFC Under Companies Act...

NBFC is an acronym used for Non-Banking Financial Company incorporated under the Companies Act, 2013 and managed by RBI. The functions of an NBFC are mostl...

License to Operate Semi Closed Wallet

The demand for a semi-closed wallet license has been increased, however, in India, the Semi-closed wallet license is difficult and well regulated by RBI. W...

Effect of Demonetisation on NBFCs and MFIs

In many countries such as the US and the UK, large credit rating agencies such as  Equifax, Experience, and the Trans Union allow credit scores to be...

May 24 2017

How to Get NBFC License from RBI in India

Non-Banking Financial Companies (NBFCs) play an important role in financial inclusion and nation-building by joining hands with the banking sector for prov...

May 24 2017

Documents Required for NBFC Registration in India

Non-Banking Financial Companies (NBFCs) are emerging as a promising sector engaged in providing loans and advances to primarily retail customers and remote...

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May 24 2017

NBFC vs Bank : How to Select One While Shopping for Loa...

Gone is the era when you have to make multiple trips to the banks for availing oneself of the smallest loan, compile multiple documents, and wait for a con...

May 23 2017

Rules and Regulations Under Section 8 Company Registrat...

A Section 8 Company is known as a company that is licensed under Section 8 of the Companies Act, 2013[1]. Under the Companies Act, 1956, this act was known...

May 21 2017

Changes in FDI Rules – Unlocking Investment Poten...

In the last decades, India has seen an extensive inflow of FDI or foreign direct investment NBFC. India and China are competing with each other to attract...

May 21 2017

Disadvantages of GST Composition Scheme

The GST composition scheme has been introduced to promote SME in India. While it has several benefits like lower tax rate and also easier compliance, India...

May 20 2017

How to Check a Pvt Ltd Company Registration Status on M...

The company name approval is one of the difficult steps in the company registration process in India, as after 2016 the name approval process has been regu...

May 20 2017

5 Steps for Forming a Private Limited Company in India...

If you wish to start a business in India, then you can choose to register a private limited company is the best option for you. in this article, we will......

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