Asset

RBI™s Technical Committee suggests Merger of Issue and Banking Departments Balance Sheet

The Reserve Bank of India placed on its website today, the report of the Technical Committee (Chairman: Shri Y. H. Malegam) set up to review the form of presentation of the Reserve Bank™s Balance Sheet and Profit & Loss Account. Some of the important recommendations made by the Technical Committee are: a) Form of Balance Sheet Merger of… Read More

Tags: AssetBalance sheetBusinessCentral bankFinancial servicesFinancial statementIncome statementReserve Bank of India

UCBs can now grant Unsecured Loans up to 25% – RBI proposes norms

UCBs Unsecured Loans  Exposure Norms RBI/2012-13/468 UBD.BPD.(PCB) Cir No.45 /13.05.000/2012-13 03 April 2013 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Unsecured Exposure Norms for UCBs Please refer to our circular No. UBD.BPD.(PCB) Cir No.21/13.05.000/2010-11 dated November 15, 2010 on ˜Maximum Limit on Unsecured Loans and Advances™ prescribing that the total unsecured loans… Read More

Tags: AssetIndiaLoanPrinted circuit boardReserve BankReserve Bank of IndiaUCBsUnsecured debtUrban areaUrban Commercial Banks

Structuring of Business Entities in India

Written By S.Dhanapal, B.Com,B.A.B.L,A.C.S Practising Company Secretary STRUCTURING OF BUSINESS ENTITIES IN INDIA SOLE PROPRIETORSHIP MEANING:- The sole proprietorship is the oldest, simplest, and most common form of business entity. It is a business owned by a single individual. For tax and legal liability purpose, the owner and the business are one and the same.… Read More

Tags: AssetBusinessCompanies lawCorporationHindu Undivided FamilyIncorporationLegal personalitySole proprietorship

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