Start learning 50% faster. Sign in now
Get Started with ixamBee
Start learning 50% faster. Sign in nowAs per the recent guidelines by RBI for NBFCs regarding the new Scale based regulations, the NBFCs will be categorized as per the different layers like Base Layer (BL), Middle Layer (ML), Upper Layer (UL), and Top Layer (TL). The regulatory structure for NBFCs shall comprise of four layers based on their size, activity, and perceived riskiness. NBFCs in the lowest layer shall be known as NBFC - Base Layer (NBFC-BL). NBFCs in the middle layer and upper layer shall be known as NBFC - Middle Layer (NBFC-ML) and NBFC - Upper Layer (NBFC-UL) respectively. The Top Layer is ideally expected to be empty and will be known as NBFC - Top Layer (NBFC-TL) From October 01, 2022, all references to NBFC-ND (non-deposit-taking) shall mean NBFC-BL (Base Layer) and all references to NBFC-D (Deposit-taking) NBFC-NDSI (Non-Deposit taking systemically important) shall mean NBFC-ML (Middle Layer) or NBFC-UL, (Upper Layer) as the case may be. Various regulations regarding Net owned funds, NPAs categorization, ) Internal Capital Adequacy Assessment Process (ICAAP) etc. are made. There shall be a ceiling of ₹1 crore per borrower for financing subscription to Initial Public Offer (IPO). NBFCs can fix more conservative limits.
A Private Company may not issue securities
A Public Company is a company which has a minimum paid-up share capital ____________
In the Balance Sheet, Corporate Dividend Tax will be shown as a liability under the heading -
The Prospectus must be issued to the public within ______________ days after the date onwhich a copy thereof is delivered to the Registrar
Company A promises to sell land to Company B but does not sign a written agreement. B makes payment and takes possession. Is this enforceable?
Which of the following is an exception to the doctrine of privity of contract rule _______________?
Company A agrees to sell 1,000 laptops to Company B, but the contract lacks the specification of model and delivery timeline. Later, B refuses to accept...
The preference shares should be redeemed with in a period of
ABC Pvt. Ltd. entered into a contract with Mr. Rao for supplying machinery worth ₹25 lakhs. After execution of the contract, Mr. Rao became insolvent ...
What will be the P/V ratio for the firm with the following sales and profit during last two years: