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The following activities undertaken by NBFCs, are not eligible for bank credit: (i) Bills discounted / rediscounted by NBFCs, except for rediscounting of bills discounted by NBFCs arising from sale of - (a) commercial vehicles (including light commercial vehicles), and (b) two-wheeler and three-wheeler vehicles, subject to the following conditions: · The bills should have been drawn by the manufacturer on dealers only. · The bills should represent genuine sale transactions as may be ascertained from the chassis / engine number; and · Before rediscounting the bills, banks should satisfy themselves about the bona fides and track record of NBFCs which have discounted the bills. (ii) Investments of NBFCs both of current and long-term nature, in any company / entity by way of shares, debentures, etc. However, Stock Broking Companies may be provided need-based credit against shares and debentures held by them as stock-in-trade. (iii) Unsecured loans / inter-corporate deposits by NBFCs to / in any company. (iv) All types of loans and advances by NBFCs to their subsidiaries, group companies / entities. (v) Finance to NBFCs for further lending to individuals for subscribing to Initial Public Offerings (IPOs) and for purchase of shares from secondary market.
Which of the following is NOT an example of capital receipt?
Which of the following is a limitation of accounting that can affect the accuracy and usefulness of financial statements?
As per the provision of Section 40 of the Companies Act, 2013, the commission paid or agreed to be paid does NOT exceed in the case of debentures _____o...
For Assessment year 2020-2021, The maximum loss from house property which can be set-off against income from any other head is ______.
The relationship between the operating income and earnings per share is known as
Consider the following information.
What will be the ...
Interest payable by a non-corporate assessee for deferment of advance tax is
Calculate cost of goods sold from the following figures:
Opening stock = Rs. 3,500
Purchases = Rs. 21,000
Closing stock = Rs. 2,500
What was a key issue related to regulatory challenges in the Indian telecom industry?
Which of the following is not a payment product of NPCI?