The Finance - Indian Financial Market

First and foremost an Asset Finance Company (AFC) is a Non-Banking Financial Institution (NBFC). An Asset Finance Management Company under the Reserve Bank of India Act is a financial institution whose principal business is to finance physical assets supporting productive/economic activity like automobiles and cars, machineries like generator sets, lathe machines, earth moving equipment, tractors, machines and material handling equipment and industrial machines used for general purpose. It is a for-profit business company. Some facts and figures A detailed list of all the existing Asset finance companies in India is available at the official website of the Reserve Bank of India. Currently, there are roughly about 399 Asset finance companies in India that are registered with RBI. As per a directive of RBI in 2017, an asset finance company:- Having the requisite minimum net owned fund as per RBI’s stipulation, and Compliant with all the prudential norms Can accept or renew ...

Are you planning to avail Sole Proprietorship Registration for your new business? If yes, then wait for a few minutes. There are many elements that you should surely know before enrolling your firm or shop as this particular business entity. You should fully understand what sole proprietorship, actually means, what are the advantages and disadvantages it offers, and more. So, in this blog, we have covered the following topics: Definition of Sole Proprietorship What is meant by Sole Proprietorship Registration? Advantages of registering your business as Sole Proprietorship Disadvantages of Sole Proprietorship enrolment Documents required for Sole Proprietorship Registration Things to be done after obtaining Sole Proprietorship Registration Definition of Sole Proprietorship Sole Proprietorship is neither a company nor a corporation but a business exclusively owned by an individual. If a person owning any products or services starts selling it, then he/she becomes a sole...