The process of accessing the capital necessary and opting for its competition is known as financial planning. It is the process of establishing financial rules for an organization’s purchase, investment, and administration of funds. Financial planning is the practice of putting together a plan for your future, specifically around how you will manage your finances…

External Commercial Borrowings (ECB) is borrowings taken by an eligible entity in India for commercial purposes from any recognised entity outside India. Debt financing has long been a preferred source of funding for business due to intrinsic benefits such as security creation, minimum assured returns, and tax efficiency for both the lender and the borrower….

Foreign Direct Investment is the buying of shareholding in a firm by a corporation / investment based outside the nation’s boundaries for the expansion of their services overseas. Indian entities are not enough to meet the requirements. However, foreign direct investment (FDI) by the NRI (Non-Resident Indian)   will help to grow the industrial sector and…

Consolidation is the process of including the financial statements of all subsidiaries into the parent company’s financial accounts. Companies with one or more subsidiaries are necessary to prepare Consolidated Financial Statements under Clause 3 of Section 129 of the Companies Act, 2013. Financial statements are formal financial performance records that demonstrate how a company did…

Meaning of Equity Shares A company limited by shares ‘equity shares’ mean share capital which is not preference share capital. This is the portion of the company’s money that is raised in exchange for a share of ownership in the company. Equity share capital is negatively defined by Section 43 of the Companies Act, 2013, being…

TransUnion CIBILTM, Equifax, Experian, and CRIF High Mark are the four credit information bureaus in India. The Reserve Bank of India’s Department of Banking Operations and Development has direct oversight of these credit information bureaus. According to the provisions of the 2005 Credit Information Companies (Regulations) Act (CICRA), all banks, financial institutions, and non-bank financial…

Non-Banking Financial Company (NBFC) is the financial institution which is registered in Company Act, 2013. Activities performed by NBFC are loan and advance, acquisition of shares, debenture, bonds and securities which are issued by the government or by the local authorities. These banks provide activities such as loans against property, shares, various short term loans,…

We all would have heard about virtual money and electronic fund transfers-digital payment methods used widely? Have we? Cryptocurrency which is running in today’s era-a virtual currency is not issued by the Central Government, is secured by cryptography and does not rely on banks to verify transactions. Table of Contents What is Cryptocurrency? Where is…

Microfinance Companies are the financial institutions that provide banking and small-scale financial assistance in the form of loan, credit or savings, etc. to low-income group and small businesses who face difficulties in accessing financial resources from big institutions and banks due to their complex structure. Table of contents Features of Microfinance Company Advantages of operating…

Table of Content Bare Act General Interpretation Certain Arguments regarding the section BARE ACT. 194-IA. (1) Any person, being a transferee, responsible for paying (other than the person referred to in section 194LA) to a resident transferor any sum by way of consideration for transfer of any immovable property (other than agricultural land), shall, at…

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