Articles tagged with companies
People often have few common questions about NBFCs, therefore here we are answering some Frequently Asked Questions (FAQs).
19 Nov 2021 by
Bhawna Arora
NBFC is required to follow all the provisions/guidelines as directed by the Reserve Bank of India (RBI) from time to time. NBFCs must keep a close check on various concerns that if not followed can lead to cancellation of Certificate of Registration (CoR)
19 Nov 2021 by
Bhawna Arora
NBFCs are incorporated under the Companies Act and registered with the Reserve Bank of India (RBI) as NBFC. These companies operate in the financial sector which makes it mandatory for them to get permission from RBI to commence their financial business,
19 Nov 2021 by
Bhawna Arora
RBI maintains a close check on the work of NBFCs to ensure that the interest of depositors and investors is secured. In the course of such supervision, it was observed by RBI that NBFCs tend to change their name, which might result in a change in operatio
19 Nov 2021 by
Bhawna Arora
The Reserve Bank of India (RBI) in the notification DOR.ACC.REC.No.23/21.02.067/2021-22 dated June 24, 2021, provided the guidelines to be followed by NBFCs in regards to the Declaration of dividends.
21 Nov 2021 by
Bhawna Arora
NBFCs can also participate in the insurance business as per the directions of the Reserve Bank. RBI has provided Guidelines to be followed by the NBFCs where they are willing to participate in the Insurance business.
21 Nov 2021 by
Bhawna Arora
A Non-Banking Financial Company (NBFC) refers to a company registered under the Companies Act, 1956 engaged in business of loans and advances, acquisition of shares, stocks, bonds, debentures, securities issued by Government or local authority or other ma
21 Nov 2021 by
Deeparzoo Bhogal
Cost Audit is the process for certifying the cost allocation of products or services comprising of their labour cost, manufacturing cost, overheads, etc. Cost Audit is a reliable verification of the accounts and records so they can be maintained according
21 Nov 2021 by
Deeparzoo Bhogal
Section 138 of the Companies Act, 2013 states the appointment of an internal auditor and read as “such companies as may be prescribed shall be required to appoint an internal auditor, who shall either be a chartered accountant or a cost accountant, or suc
21 Nov 2021 by
Deeparzoo Bhogal
Microfinance or microcredit can be defined as the type of financial service such as loans, saving accounts and insurances for unemployed or low-income but economically active individuals who otherwise would have no other access to financial services.
21 Nov 2021 by
Deeparzoo Bhogal
