There are 2 types of shares in any company firstly Equity share or Common Stock and secondly Preference shares or Preferred stock. Shareholders are considered to be the real owners of the Company as they have voting rights in the company while preferred shareholders do not have the right to vote in all decisions under…

Starting in July 2020, the Treasury introduced a new MSME Registration system and categories for Small and Medium Enterprises, Known as Udyam Registration; it allows new and existing companies to register on the MSME portal. This article emphasizes how to get an Udyam registration certificate. Table of Content Brief Overview Importance of Udyam Registration Certificate…

In this 21st century dynamism, the social responsibility of business is a developing sector in which it is gaining international fame and India is no different. However, it is not a new concept in India but has developed over time and is now being amended with the passing of the Companies Act 2013 so that…

Nidhi is a company recognized under Section 406 of the Companies Act 2013 as amended by the Nidhi Rules 2014. Their main functions are to lend and lend money between their members and they come under the non-banking Indian financial sector. It is a society founded for the express purpose of cultivating among its members…

Minutes are the official record of the proceedings of a meeting of the Board of Directors or the Annual General Meeting or any other meeting and the proceedings at that meeting. All companies incorporated in India are required to keep minutes of all board and committee meetings in a minute book. In this article, we…

India has emerged as a major exporter in the last few decades, driving India’s economy to a new level. The number of products exported from India has grown significantly and the market is bigger than before. Many foreign markets rely heavily on India to import certain goods into their country. This article focuses on the…

The Reserve Bank of India (RBI) reports that foreign Indians sent US $ 24.6 billion to India between 2005 and 2006. In this way, India continues to maintain its position as the largest recipient of international remittances. The World Bank estimates in 2005 that India leads with US $ 23.5 billion, followed by China and…

Banking systems range from ATM and credit card networks online and offline processing through high value interbank money transmission systems, to back-end accounting systems that track it all and then settle down. There are specialized systems for everything from trading of shares into bills of lading; and large companies have internal accounting and cash management…

LEIL has been accredited by the Reserve Bank of India as the issuer of the Official Business Identity under the Payment and Payment Systems Act 2007 (revised 2015). LEIL is accredited by the Legal Entity Identifier Foundation (GLEIF). Legal Entity Identifier (LOU) is authorized to issue and manage LEI. This article emphasizes why you need…

The Reserve Bank of India (RBI) has tightened the standards of non-bank financial institutions (NBFC) and banned lending of interest-bearing companies to executives and directors. The NBFC is also obliged to disclose its disclosure to all soft sectors such as real estate, equity loans and mortgage loans. Table of content Introduction NBFC Borrowing and Disclosure…

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