Definition of NBFC’s As per Companies Act The non-banking financial company is companies which provide financial services similar to what a bank provides but without holding any banking license.
NBFC Takeover happens when the company aiming to acquire makes a bid in an attempt to assume control over the target company it is done by purchasing a majority stake in the company.
Conservation measures Small-scale industry in our economy faces stiff competition from the large companies which are established in the economy and hence sometimes crumble under pressure.
This is the reason why Udyog Adhaar originated, the purpose of the scheme is to ensure that the coverage of projects launched by the government is available to all the companies and they can avail the benefits under these schemes.
Though it is not necessary to register one's company under MSMED act, the support and incentives provided by the Govt. of India are one of the benefits which a smaller enterprise would want to attain.
They have directed all the stakeholders and the directors of the companies to file the annual return, and Consolidated financial statement before the given due date mentioned in The Companies Act, 2013 or the Registration office has notified that they will levy heavy penalty on the companies, i.e. 100 rupees per day.
Nidhi Company is a type of company which is incorporated with the end view of inculcating the habit of saving among the members or shareholders of the company.
It is a company which is registered under Companies Act and attains a license from RBI to carry on business which is similar to banking services, but they are not governed by regulation which is laid down for commercial banks.