Question
Any existing NBFC-ICC (Investment Credit Company) ,
intending to undertake factoring business, shall make an application to the Reserve Bank for grant of CoR under the Act and needs to have total assets of ₹…………………….. and above, as per the last audited balance sheet to fulfill the eligibility requirementsSolution
Any existing NBFC-ICC, 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 (Net owned Fund) requirement as prescribed in regulation 3 of these regulations; (d) regulatory compliance.
Which of the following city is the headquarter of International Financial Services Centres Authority?
When was the Sickle Cell Anaemia Elimination Mission launched by the Prime Minister?
Who has been appointed as the new Chairman and Managing Director of Bharat Electronics Limited (BEL)?
What historic achievement did Carlos Alcaraz earn by winning the Italian Open 2025?
What is the objective of the MoU recently signed between ICAI and CA Maldives?
What was the penalty imposed on Karjan Nagarik Sahakari Bank for failing to maintain Cash Reserve Ratio and KYC violations?
The International Cricket Council (ICC) announced Amelia Kerr as ICC Player of the Month for February 2022. She belongs to which nation?
Public Sector Banks in India refers to those banks in which the Government equity / shareholding is more than.
Who is the convenor of the GST Council's Group of Ministers (GoM) tasked with reviewing insurance GST rates?
The strongest force in nature is–