Get Started with ixamBee
Start learning 50% faster. Sign in now
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.
Under section 208, obligation to pay advance tax arises in every case where the advance tax payable is ______.
For each registration, a separate GST Registration No (i.e., GSTIN) of ______ digits is allotted.
The most difficult type of misstatement to detect fraud is based on __________.
Time of supply means
Who generates contract on GeM?
What should be the correct Journal Entry for booking premium income in case of Incoming coinsurance:
When the financial statements "give a true and fair view" and the organization under audit has gone in accordance with all requirements, the auditor wil...
Who is the regulator of the corporate sector?
Which of the following is NOT an indicator of over capitalization?
Interest coverage ratio can be numerically expressed in the form of the following equation:-
