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A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property. NBFCs will be classified into four categories – base, middle, upper and top layers. The regulatory structure for NBFCs comprises four layers based on their size, activity, and perceived riskiness. The Reserve Bank of India (RBI) has aligned provisioning norms for standard assets of large non-banking financial companies with that for commercial banks.
Negligence is failure in duty of taking due care. The expression ‘duty’ means:
In following question, match the pairs of provisions of Environment Protection Act, 1986 -
A. Section 3A
B. Sectio...
Certified copy of a document is an evidence? If yes then which type of evidence?
Consent is said to be free when it is not caused by________________
When do the standing orders or modified standing orders come into operation, as per Code 33 (1) of the Occupational Safety, Health and Working Conditio...
Public Nuisance is punishable under which Law?
The relation of Partnership arises from :
A guarantee which extends to a series of transactions, is called a________________
What are the eligibility norms that are required to be satisfied by the central recordkeeping agency, points of presence and pension funds as per the PF...
A company may issue sweat equity shares of a class of shares already issued if authorized by a Special Resolution which shall specify _____________
