With the rapid growth of the population of around 1.2 billion in India, the country has turned into one of the major and most promising markets in the world.
Scope of Investment in India As India is one of the fastest-growing economies globally, it tends to attract huge amounts of investment from all over the world.
The importance of an internal auditor can be explained by dividing them into the following categories: Provides objective view While being a part of the management or the Board of Directors or an employee, one cannot audit its own work with a critical eye for which an independent team is required that can objectively view the internal audit process of the company.
Every company specified like arms and ammunition, cement, coffee and tea, ores and mineral products, etc shall get its cost records audited in accordance to the rules mentioned in the Company Act, 2013.
There are different types of NBFCs, and they are as follows: Infrastructure Finance Company Investment and Credit Company Asset Finance Company Loan Company Investment Company Core Investment Company Housing Finance Company Mortgage Guarantee Company Micro Finance Institutions Infrastructure Debt Fund How to classify NBFCs?
Step 3: Obtain Prior approval from RBI The company must file an application to RBI requesting the authorities to permit the name change of the company.