India has stridden a step closer to approving a new bankruptcy after Lok sabha ratified the legislation on the fifth of May, so what is this new bankruptcy law? The new bankruptcy law will provide a time-bound framework to resolve insolvency and help investors make a faster exit from bankrupt companies or help in engineering or turn around. Bankruptcy is a legal…

Operating a microfinance business will depend on the following four conventions:

1.A practical plan, with a solid foundation.

2.Commitment, and enthusiasm to surrender, to achieve your expectation.

3.Technological abilities.

4.Essential understanding of administration, finance,

document maintenance, and demand examination.

As a new possessor, you will expect to triumph these skills and…

Introduction

The invisible and intangible nature of a company makes it obvious to appoint a living person who can act and carry on the business. Such persons are called directors. As per the Companies Act 2013, there is no proper definition of the term “director” but in Section 2(34) it is prescribed that a director is one who is appointed to the Board of a company. The term board of directors as per Section 2(10) of the Companies Act, 2013 means in a company, more simply which means…

Ever wondered what happens to shares which remain unclaimed for a long time? It might happen that you have brought penny shares of a company a long time ago or your parents have brought shares and then forgot about it over the years. Most of the time, parents forget to inform their children, or people themselves forget about these shares thinking that they won't fetch any profit. But sometimes these penny shares and their respective companies grow manifolds over the years and the…

Unclaimed shares and dividends are something which every investor wants to prevent. It causes them to not receive any return on the investment made by them just because they forget to claim their dividends on time. It becomes a liability for both the company and the investor in a way that the company is liable to the investor to deliver profits in the form of dividends on time and the investor is liable to claim all that dividend on time. If not, then it will cause the company to maintain…

NBFCs and Microfinance institutions are small sizes financial institutions compared to the scheduled banks. NBFCs are regulated by the provisions of the RBI Act and are registered as a company under the Companies Act. But the MFIs are termed as a self-regulating body. There are some other fundamental differences between NBFCs and Microfinance institutions. Let’s understand them in the following sections.

Understanding NBFCs



Non-Banking Financial Company refers to companies…