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  • Premises of Sequoia Capital have been searched by Enforcement department of FEMA

    Unclassified,Apr. 20, 2016

    Sequoia Capital is a minority share holder in Vasan Eye care, a Chennai based healthcare group. The enforcement department (ED) of FEMA is already probing Vasan for alleged FEMA violations. This has necessitated ED to look into Sequoia Capital too. Sequoia which calls itself "a startup building partner to founders in India who want to turn business ideas into enduring companies" has confirmed the action and is cooperating in all respects.

    2 Upvote   | 0 Comments

  • Sovereign Gold bonds could be traded from Oct 19 2016

    Unclassified,Oct. 18, 2016

    RBI had issued gold sovereign bonds (in dematerialised form) on Sept 30 2016. These bonds could be traded from Oct 19 2016 on stock exchanges recognised by the Government of India.

    1 Upvote   | 0 Comments

  • SC - Late payment of auction money will hold auction as void

    Unclassified,Oct. 19, 2016

    Here is a word of caution for banks giving loans after keeping property as security. Banks, if your loanee does not pay loan and you ultimately decide to sell the property to recover loan, then you should religiously follow the rules and timelines laid down by SARFAESI Act. Any non-compliance would hold the auction void and would washout the sale made by you. This has been held by Supreme Court of India. 

    2 Upvote   | 1 Comments

  • Indian companies have borrowed $1574Million during Sep 2016

    Unclassified,Oct. 27, 2016

    RBI has released the data of ECB/FCCB/RDB for Sept 2016. Indian companies have borrowed $15742463Million through ECB (External Commercial Borrowings) and FCCB (Foreign Currency Convertible Bonds). They have also borrowed $889Million through RDB (Rupee Denominated Bonds). In toto, the total borrowings of $2463Million during Sept 2016.

    1 Upvote   | 0 Comments

  • RBI has cancelled certificate of registration of 10 NBFCs

    Unclassified,Oct. 27, 2016

    RBI has cancelled certificate of registration of 10 NBFC (Non Banking Financial Companies). NBFC work like a bank but they can not accept demand deposits (i.e. issue FDR) or issue cheques to its customers and offer deposit insurance facility to its depositors. Different types of NBFC are: 1. Equipment leasing company 2. Hire purchase company 3. Loan company 4.Investment company.

    3 Upvote   | 0 Comments

Startups can borrow ECB upto $3million for more than 3 years

RBI has permitted startups to borrow loan under External Commercial Borrowings (ECB). They can borrow upto $3Million every year from residents of countries who are the members of Financial Action Task Force (FATF). The minimum average maturity period of the loan should be 3 years. The borrowings could be in the form of loans or preference shares. The borrower can offer any security/guarantee that is permissible under foreign exchange law.

Unclassified,Nov. 01, 2016
3 Upvote|   0 Comments

  • IRCTC is calling 2 CA, CMA

    Unclassified,Jul. 04, 2023

    This is a golden opportunity for CAs and CMAs to join IRCTC, one of the leading organizations in the catering and tourism sector.

    0 Upvote   | 0 Comments

  • Is Gold a good option to exchange your ₹2000 note?

    Unclassified,May. 24, 2023

    Of course, gold is a much better option to exchange your ₹2000 note than depositing money in your bank account. Why? Because Golds' return on investment far exceeds the Fixed deposit interest rate. Just have a sneak look at how Gold has been performing for centuries! ... For example, had you deposited ₹1,33,000 FD in 1980 for 43 years, then today your FD's value is ₹43,17,957.12 whereas had you bought 1kg gold for ₹1,33,000 in 1980, then your today…

    0 Upvote   | 0 Comments

Please allow me fulfilling your dream of owning that beautiful park facing the …

Unclassified,May. 14, 2023

Please let me help you buy that luxurious roof-open car you saw in that fabulous car showroom which immediately stole your heart and raised a desire to go on a long weekend drive with your lovely family or your other substantial one... in just 3 steps.

0 Upvote   | 0 Comments

STOP paying excessive EMIs on your home loan by using this list comprising 10 B…

RICH are RICH because they have access to resources like these lists... CHEAPEST HOME LOAN PROVIDERS' LIST, Rich don't waste time when it comes to plug their money leakages through holes like excessive EMIs which have a compounding impact. So pick up your phone, dial these bank's numbers and speak to these bank's loan department for saving thousands if not lakhs of Rupees on the home loan you had been looking for. And if you already have a running …

Unclassified,May. 07, 2023
0 Upvote|   0 Comments
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