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In January 2022, RBI came out with Registration of Factors (Reserve Bank) Regulations 2022. The regulations state that every company seeking registration as NBFC-Factor shall have a minimum Net Owned Fund (NOF) of Rs.5 crore, or as specified by the Reserve Bank from time to time. Any existing NBFC-ICC (Investment Credit Company), intending to undertake factoring business, shall make an application to the Reserve Bank for grant of CoR (Certificate of Registration) under the Act if it satisfies the following eligibility criteria: (a) not accepting or holding public deposits; (b) total assets of ₹1,000 crore and above, as per the last audited balance sheet; (c) meeting the NOF requirement as stated above; (d) regulatory compliance.
There are four persons A, B, C and D. The total amount of money with A and B together is equal to the total amount of money with C and D together. But t...
A group of 50 students took a test, and their scores were normally distributed with a mean of 75 and a standard deviation of 10. What is the minimum sco...
The equivalent resistance between points A and B shown in the figure below:
The revenues and expenses of a company are displayed in which statement?
Which of the following are the legally binding agreements adopted in the 1992 Earth Summit?
1.Convention on Biological Diversity
2.Frame...
Which state witnessed the foundation stone-laying ceremony of India's first Digital Science Park by Prime Minister Modi?
Under which Act it is mandatory to establish a "Court of Inquiry"?
What is the employer's contribution to the pension fund set up under the pension scheme as per the Social Security Code, 2020?
A train running at the speed of 80 km/h crosses a 350 m long tunnel in 36 seconds. The length of the train (in m) is:
The term "crypto-winter" was recently seen in the news, related to which?
