Recently, the National Company Law Appellate Tribunal, New Delhi (“NCLAT”) passed a judgment dealing with the provisions of Section 203 of the Companies Act, 2013 (“Act”). The appellants, i.e. the Hamlin Trust, and others (“Appellants”) are shareholders of Rattan India Finance Private Limited (“Company”) holding 50% of the share capital of the Company. LSFIO Rose […]

NABARD is a development financial institution in India that manages credit-related concerns like planning, policy, and operations for agriculture and rural undertakings. National Bank for Agriculture and Rural Development (NABARD) offers funds and credit facilities for agriculture-related activities and rural development. Its prime focus area is the growth and development of rural areas nationwide. NABARD

The Employment – Unemployment Survey of 2011-12, presented by the National Sample Survey Office (NSSO), the total workforce of India is 474.23 million. However, out of this total workforce, only 8 per cent belong to the formal sector, and the remaining 92 per cent are working in the informal sector. Additionally, 60 percent of the growth of GDP is due to

NeoGrowth, a digital lender in India, has significantly supported women-run MSMEs by disbursing over Rs 650 crore in loans in 2024, a 34 per cent increase from the previous year. This initiative, which represents 23 per cent of NeoGrowth’s total loan disbursements, aims to enhance financial inclusion by providing easier access to credit for women entrepreneurs in

A current account, also known as financial account is a type of deposit account maintained by individuals who carry out significantly higher number of transactions with banks on a regular basis. It is created by the bank on request of the applicant and is made available for frequent or immediate access. Current accounts relate to

A service offered by NITI Aayog called NGO Darpan enables VOs (village organisations) and NGOs (non-governmental organisations) to qualify for new government grants and programmes. To improve ties between the government and nonprofit organisations, this platform collaborates with the NIC and NITI Aayog.   Additionally, completing the NGO Darpan registration process gives non-profit organisations additional

A nativity certificate is an official statement provided to the citizen by the state government certifying the Indian origin of an applicant who is or whose relations such as parents/grandparents etc lived in that particular state.   It is used for availing quotas at the educational level, for applying for Government jobs, permitting students to apply

Seed certification is a systematic and legally sanctioned process that ensures the production, processing, and distribution of high-quality seeds of known genetic identity and purity. It encompasses a series of inspections, testing, and documentation to verify that seeds meet specific standards regarding genetic purity, physical purity, and seed health. Seed certification seed certification is a

On 29th March, the press information bureau (PIB) issued an unusual press release about a Supreme Court (SC) order in a public interest litigation (PIL) seeking refund of money deposited with four cooperative societies set up by the notorious Sahara Pariwar. The release declared that the SC has “ordered the refund to about 10 crore investors

Bihar, a culturally diverse state in India, has a population consisting of several castes, each holding its unique socio-economic status. The Indian Government provides certain reservations and benefits to the Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC) to bridge socio-economic gaps. Caste certificate Bihar, a legal document, plays a pivotal role