Registration of Mutual Fund with SEBI: An Overview
Mutual Fund can be defined as a financial instrument that pools money from various investors to invest in securities like government bonds, corporate bonds, stocks, and listed companies and share the profits or losses with the other investors.
A mutual fund is managed by a professional manager of the Asset Management Company approved by the Securities Exchange Board of India (SEBI).
SEBI regulates the Registration of Mutual Funds. The main objective of this regulatory body is to safeguard the interests of the investors and spread aware
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Tap Global is a Multidisciplinary firm from Delhi
Tap Global is a Multidisciplinary firm from Delhi
Housing Finance Company Registration- An Overview
In order to provide loans and speed up the process of housing construction, the government brought out the National Housing Bank Bill in 1987. With this bill the main authority formed was the National Housing Bank which is a body present under the RBI. An applicant going for Housing Finance Company registration would have to register with the National Housing Bank (NHB). With this the applicant would have to follow the eligibility criteria for Housing Finance Company Registration.
A Housing Finance Company is an entity which is registered
In order to provide loans and speed up the process of housing construction, the government brought out the National Housing Bank Bill in 1987. With this bill the main authority formed was the National Housing Bank which is a body present under the RBI. An applicant going for Housing Finance Company registration would have to register with the National Housing Bank (NHB). With this the applicant would have to follow the eligibility criteria for Housing Finance Company Registration.
A Housing Finance Company is an entity which is registered
A Credit Co-operative Society is a group of individuals coming together to promote economic welfare and to promote the requirement of self sufficiency in the society. Such society can be registered through a lawful process, where individuals who have the same motive. Hence in order to form a credit co-operative society, first society registration is important. There are different forms of processes related to credit co-operative society registration. State rules would also govern the management of the credit co-operative societies. Credit Co-operative Societies are governed by the provision o
What is MTSS (Money Transfer Service Scheme)?
MTSS (Money Transfer Service Scheme) is the most convenient options for the purpose of inward remittance of money from abroad to India. The facility provided under this scheme can be availed by the tourists traveling to India. By using MTSS facility, money can be transferred to India. However, under MTSS, no outward remittance is permitted. Only Inward remittance in India is allowed. Under this, remittance can be done in a speedy & hassle-free manner.
MTSS (Money Transfer Service Scheme) is the most convenient options for the purpose of inward remittance of money from abroad to India. The facility provided under this scheme can be availed by the tourists traveling to India. By using MTSS facility, money can be transferred to India. However, under MTSS, no outward remittance is permitted. Only Inward remittance in India is allowed. Under this, remittance can be done in a speedy & hassle-free manner.
Asset Reconstruction Company
In 1997 in Government of India recognized the problems with recovery of Non-Performing Assets (NPAs). In the Narasimhan Committee Report it was mentioned about the important aspect of a continuous reform process reduce the high level of NPAs as a means of banking sector reform. It was expected that new NPAs in the future could afford to be lower with the combination of policy and institutional development.
Accordingly, Asset Reconstruction Company is a company registered under Section 3 of the Securitization and Reconstruction of Financial Assets and Enforceme
In 1997 in Government of India recognized the problems with recovery of Non-Performing Assets (NPAs). In the Narasimhan Committee Report it was mentioned about the important aspect of a continuous reform process reduce the high level of NPAs as a means of banking sector reform. It was expected that new NPAs in the future could afford to be lower with the combination of policy and institutional development.
Accordingly, Asset Reconstruction Company is a company registered under Section 3 of the Securitization and Reconstruction of Financial Assets and Enforceme
Core Investment Company
A Core Investment Company (CIC) is categorized as a Non Banking Financial Company (NBFC) by the Reserve Bank of India (RBI). These companies predominately invest in shares of its own group companies for stake holding purposes, but cannot engage in trading of these instruments or carry out any other kind of financial activity.
Such companies have their investment in shares for the purposes of not carrying out any form of activities related to trading. Such investment in shares is mainly carried out for the purpose of holding stake in the group companies.
A Core Investment Company (CIC) is categorized as a Non Banking Financial Company (NBFC) by the Reserve Bank of India (RBI). These companies predominately invest in shares of its own group companies for stake holding purposes, but cannot engage in trading of these instruments or carry out any other kind of financial activity.
Such companies have their investment in shares for the purposes of not carrying out any form of activities related to trading. Such investment in shares is mainly carried out for the purpose of holding stake in the group companies.
Small Finance Bank License
There are particular banks which are regulated by the Reserve Bank of India (RBI). These banks are started with the main motive to serve particular sectors of the society. Though large based banks would also carry out activities, however small banks such as the above would only cater needs to small sections of the society.
These institutions cater to the needs of different forms of customers. Apart from this, the primary activities offered by these types of institutions include providing loans, accepting of deposits and work related to insurance activities. Henc
There are particular banks which are regulated by the Reserve Bank of India (RBI). These banks are started with the main motive to serve particular sectors of the society. Though large based banks would also carry out activities, however small banks such as the above would only cater needs to small sections of the society.
These institutions cater to the needs of different forms of customers. Apart from this, the primary activities offered by these types of institutions include providing loans, accepting of deposits and work related to insurance activities. Henc
Microfinance Company Registration- An Overview
In order to provide easy credit to the society, microfinance institutions were an initiative taken by the government of India. These companies provide credit facilities to SME and other forms of organisations which find it hard and difficult to secure loan facilities from large financial institutions and banks. Hence this form of organisation is known as a Micro-Credit agency or a microcredit institution. This institution is framed to provide small loans and finance for institutions.
Usually the amount of loan provided by a microcredit instit
In order to provide easy credit to the society, microfinance institutions were an initiative taken by the government of India. These companies provide credit facilities to SME and other forms of organisations which find it hard and difficult to secure loan facilities from large financial institutions and banks. Hence this form of organisation is known as a Micro-Credit agency or a microcredit institution. This institution is framed to provide small loans and finance for institutions.
Usually the amount of loan provided by a microcredit instit
Payment Bank License
In the Banking circle the latest buzzword is Payment Banks. Payment Banks are considered as next big thing, something that has got the potential to give wings to the Government's financial inclusion targets. The Reserve Bank of India facilitates the transactions of these banks like a regular bank with the exception of lending and issuing credit cards. Payment Bank eases the banking life as it brings more flexibility and convenience. They also offer several services to the consumers through secured digital platforms.
In the Banking circle the latest buzzword is Payment Banks. Payment Banks are considered as next big thing, something that has got the potential to give wings to the Government's financial inclusion targets. The Reserve Bank of India facilitates the transactions of these banks like a regular bank with the exception of lending and issuing credit cards. Payment Bank eases the banking life as it brings more flexibility and convenience. They also offer several services to the consumers through secured digital platforms.
Introduction to Payment Aggregator License
Payment Aggregator, also known as Merchant Aggregator is a service provider through which payments can be made using mobile and also e-commerce merchants can process payment transactions. An aggregator permits a merchant to accept card payments and bank transfers even without opening a bank account with a bank or a credit card association. Merchant aggregator provides an easy and cheap way of accepting payments that can help a small business get off the ground quicker. One of the sole purposes of a payment aggregator is to provide a streamlined paym
Payment Aggregator, also known as Merchant Aggregator is a service provider through which payments can be made using mobile and also e-commerce merchants can process payment transactions. An aggregator permits a merchant to accept card payments and bank transfers even without opening a bank account with a bank or a credit card association. Merchant aggregator provides an easy and cheap way of accepting payments that can help a small business get off the ground quicker. One of the sole purposes of a payment aggregator is to provide a streamlined paym
Overview of Prepaid Wallet License
The Reserve Bank of India (RBI) has taken many steps to fast-track the money transfer process in an endeavour to promote Ease of Doing Business and Digital India. The RBI regularly issues and updates guidelines and rules related to different NBFC Licenses, including Prepaid Payment Instruments or Prepaid Wallet License. A PPI or Prepaid Wallet permits users to purchase items through a digital mode. It is necessary to obtain the Certificate of Authorisation from RBI to set up and operate payments system for PPIs. Non-Bank entities seeking prepaid wallet lice
The Reserve Bank of India (RBI) has taken many steps to fast-track the money transfer process in an endeavour to promote Ease of Doing Business and Digital India. The RBI regularly issues and updates guidelines and rules related to different NBFC Licenses, including Prepaid Payment Instruments or Prepaid Wallet License. A PPI or Prepaid Wallet permits users to purchase items through a digital mode. It is necessary to obtain the Certificate of Authorisation from RBI to set up and operate payments system for PPIs. Non-Bank entities seeking prepaid wallet lice
What is RBI Regulatory Sandbox?
RBI Regulatory Sandbox refers to the environment where live testing of new financial products and services is done in a controlled/ regulated environment where the regulators may or may not permit certain regulatory relaxations for the purpose of testing only. The regulatory sandbox offers an opportunity to the regulators, financial service providers, and customers to conduct live tests of the financial product or service and collect evidence of the benefits and risks associated with such product while monitoring and containing the risks associated with it. Su
RBI Regulatory Sandbox refers to the environment where live testing of new financial products and services is done in a controlled/ regulated environment where the regulators may or may not permit certain regulatory relaxations for the purpose of testing only. The regulatory sandbox offers an opportunity to the regulators, financial service providers, and customers to conduct live tests of the financial product or service and collect evidence of the benefits and risks associated with such product while monitoring and containing the risks associated with it. Su
An NBFC Business Plan is a actually a roadmap for all the promoters, employees, investors and all other related stakeholders comprising of the details such as vision and mission of the NBFC, budgetary estimate, organizational structure, services offered, sales and marketing strategies etc. To successfully attract investment for your NBFC, the most important thing to be drafted is an effective Business Plan. We, at Tap Global, provide assistance in terms of designing NBFC Business Plan for your NBFC. As part of the application process, we will provide the following services: