The Indian populous is always adoptive of the emerging trends in fashion among other industries, thanks to the increasing pay-scale of the citizens and a never-ending temptation to procure. India ranks second in the world for footwear production, and its apparel segment is flourishing with opportunities for both foreign and domestic players. The story of […]

Securing NBFC registration in India is a process undertaken by companies registered under the Companies Act, 2013, overseen by the RBI as per the RBI Act, 1934. NBFCs hold a crucial position in the Indian economy, facilitating financial operations and stepping in to fulfil banking needs when traditional banks fall short in extending loans and

An Asset Reconstruction Company is a specialized financial institution that buys the NPAs or bad assets from banks and financial institutions so that the latter can clean up their balance sheets. In other words, ARCs are in the business of buying bad loans from banks.  An Asset Reconstruction Company is a specified economic organization which

Copyright is a law that provides the legal right to a person to save their work through Registration. Copyright Registration in India is an essential element in protecting the innovation of a creator. This innovation could be anything such as a song, film, book, drama or artwork. Getting Registration helps to safeguard the originator’s intellectual

A good place to start would be to ask ourselves, “What is MRR?”. In a nutshell, MRR measures the predictable, recurring revenue generated from customers on a monthly basis. As well as thinking about monthly recurring revenue in terms of meaning, it should also be noted that it’s an important metric for subscription-based companies, too.

Ever since the independence, banking had been the backbone of the Indian Economy. The growth prospective of our nation is based on its well-built banking system. And in recent times, the Indian Banking Industry has witnessed continued growth in demand and this substantially increasing market size of the Banking Industry clearly indicates its growth potential,

Foreign banks wishing to open a branch in India require a license under the Banking Regulation Act, 1949. India issues a single class of banking license unlike some other countries. No undue restrictions are placed on them on their operations. In some countries there is a requirement of multiple licenses for dealing in local currency

Annual Contract Value (ACV) is the average annual revenue generated from each customer contract, excluding fees. If a customer signs a 5-year contract for $50,000, averaging this value per year will give you an annual contract value of $10,000. What is ACV ? Annual contract value (ACV) breaks down the total value of a customer’s

Before the establishment of the National Company Law Tribunal and National Company Law Appellate Tribunal the powers and functions of the Companies were discharged by the Company law board and Board for Industrial and Financial Corporation. The Central government constituted NCLT under Section 408 of Companies Act, 2013. It commenced on June 1, 2016, and it was

Reserve Bank of India (RBI) recently rejected six out of eleven applications by entities aspiring for on-tap banking licenses. RBI turned down all the applications for Universal Banks (UBs) on the ground of non-suitability. It rejected applications of VSoft Technologies Pvt Ltd and Calicut City Service Co-operative Bank Ltd for SFBs. The remaining five applications for SFBs