HOW COMPANIES GOT STRUCK OFF ?
SERIES OF EVENTS: 1#: The striking off of unexpectedly high number of companies in 2017 was seen as an initiative of ‘Operation Clean Money’ launched by the govt. on [...]
Pros and Cons of NBFC Business in India
Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, and it deals in the business of loans and advances
What Leads to the Removal of Director?
Introduction: All of us know that the part of the Directors in any Company and Board is aggregately associated with the everyday undertakings of the Company. Through isolation and designation [...]
NBFC- Asset Finance Company
There are different types of Non Banking Financial Companies (NBFCs) licensed by RBI. NBFCs are classified (a) by the type of liabilities into Deposit and Non-Deposit accepting NBFCs
Proposed Amnesty Scheme by the Government – Effect on Strike Off Companies & Disqualified Directors
UNDERSTANDING THE BACKDROP OF AMNESTY SCHEME FOR DISQUALIFIED DIRECTORS: After demonetization a huge number of companies were struck-off in 2017. This was a move to regulate this sector. Some of [...]
SME IPO for NBFCs
IPO Funding is a short-term loan that banks and other financial institutions provide to the investors to fund their Initial Public Offer (IPO) application.
MODI-MANTRA & MONEY-MATTERS! (MAJOR CRACKDOWN ON CORRUPTION, BLACK MONEY)
MODI AND POLL PROMISES: The Manifesto of BJP in 2014 general election was aimed to give direction to the all-round progress of the country. Modi’s excellent oratory skills was successful [...]
NBFCs – Mergers and Demergers
A Non-Banking Financial Company (NBFC) is a company which is registered under the Companies Act, 1956 /2013. An NBFC is engaged in the business of loans and advances, investment share, [...]
Director Disqualification & Non-Compliance! Understanding Section 164(2) & 167(1)
Defining ‘STRIKE-OFF’: Strike-off means removal of a registered company, by the Registrar of Companies, from the register or roll. Defining ‘Non-Compliance’: Non-compliance means not complying/obeying the set of rules and [...]
BSE Launches New Platform for Startups
Keeping in mind a specific end goal to promote new businesses, Bombay Stock Exchange (BSE) plans to soar a new platform for listing of startups in the tech segment of [...]
Mass Strike-Off: Political Agenda & Public Pressure?
What Happened: In 2017, the Ministry of Corporate Affairs (MCA) announced the deregistration of 2.4 lakh companies and 3.09 lakh Directors under the provisions of the Companies Act, 2013. This [...]
Restructuring of NBFCs
On 26 May 2016, the Reserve Bank of India (RBI) came out with a notification on Non-Banking Financial Companies (NBFCs) which paved the way for making amendments in their corporate debt....