Trademark infringement is a critical issue in intellectual property law. Companies invest significant time, effort, and resources in establishing and protecting their trademarks. These distinctive
Companies must distinguish themselves in today’s fast-paced business environment. Companies can accomplish this by using their trademarks, which are valuable assets. Trademarks are distinctive symbols,
In today’s competitive business world, trademarks are crucial to establishing brand identity and protecting intellectual property. However, it’s essential to regularly monitor and check trademark
When you started your business, you had high hopes and dreams. You envisioned it growing and thriving and providing financial stability and independence. However, things
Tax Deducted at Source (TDS) is tax deducted at the income source. It is a method of collecting tax by the government where the payer
A Non-Banking Financial Company (NBFC) is a corporate entity doing business in the sector of Finance services. They could be a Private Limited Company or a Public Limited Company functioning similar to the banks but they are not banks. To operate any NBFC a license from RBI under section 45-I(c) to be obtain.
NBFC must be engaged in the business of Loans and Advances, Acquisition of stocks, equities, debt etc issued by the government or any local authority or other marketable securities. A non-banking institution which is a company and has principal business of receiving deposits under any scheme or arrangement by any mode is also a non-banking financial company.
Alonika.in is the right option to begin the journey. Get NBFC registered by Professionals like Chartered Accountants and Company Secretaries. Just contact us for NBFC Registration and stay focused towards the dreams of success.
| Basis | Banks | NBFC |
|---|---|---|
| Meaning | Bank is a government entitled financial intermediary which aims to provide banking services to customers. | NBFC is a company which provides services similar to banking services to people without holding a bank license. |
| Registered under | A bank is registered under banking regulation act, 1949. | NBFC is registered under company’s act 1956. |
| Deposit | Banks accept and lend deposit. | NBFC do not accept and lend deposit. |
| Investment | In banks a foreign investment is limited up to a certain fixed limit. | In NBFC, Foreign investment is allowed up to 100 percent. |
| Payment system | Payment and settlement is the core activity of banks. | In NBFC, the payment system is not a part of the activity. |
| Demand draft | Bank can issue self-demand draft on itself. | NBFC cannot issue self-demand draft their own. |
| Cheque drawn | Banks can draw a self-chequeby their own. | NBFC cannot draw self-cheque their own. |
| Credit creator | Banks can create credit through multiplier financial activities. | NBFC cannot do it. |
| Transaction services | Bank provides a variety of transaction services. | NBFC does not facilitate transaction services. |
Sticking to the Compliances that have been put up by the government is very important to adhere to. The Annual Compliance for Startups helps to ensure that
Annual Compliance for Startups – A business that operates as a private limited company must adhere to all the variety of regulations set forth by
Annual Compliances for Private Limited Company – A private company is a legal entity with its own identity that must keep its active status by
Construction industry is one of the top industries for the start-ups as in however it is also having one of the highest rates of failure.
LLP (Limited Liability Partnership) is a partnership firm that has all the features just like a ‘company’. It is just like a partnership firm in