Categorrization of Non Banking Financial Companies NBFC can be categorized on following basis: On basis of liabilities: Deposit and Non-Deposit accepting NBFCs Non deposit taking NBFCs on basis of size: Systemically important and Other non-deposit holding companies On basis of activity: Investment and Credit Company (ICC)- Perform function of Lending and investment.
A solvency certificate is mainly required for the following purposes: Applying and procuring tenders Obtaining government and private contracts Visa applications and interviews Legal & court matters Solvency certificate proves the financial strength to the person or entity producing it.
The article discusses various provisions affecting cancellation of GST registration, persons who can apply for cancellation, probable reasons for cancellation and the procedure thereon.
The finance minister has introduced a big tax cut for corporates to boost the current sluggish economy and special lower tax rates for manufacturing companies that are one of the great contributors of GDP.
So in order to prevent such kind of infringement the concept of trans-border reputation is incorporated under Section 35 of Trademarks Act, 1999 which helps in preventing the applicant from the other country to register the identical or similar trademark of an existing company in their own name which is likely to cause confusion among the public at large.
The advertisement of the trademark application is only done when the examiner is satisfied that the trademark completes all the conditions laid down under trademark law.
understanding Differential Voting Rights As per the companies act 2013, every shareholder of a company has the right to vote on any resolution that is presented before the company.
The scheme is a one-time partial scheme and will be available for the companies till the 6-month period of time or till the government or banks exhaust 1 lakh crore.