Law and Legal blog

For Latest Income Tax Return Forms Click here http://www.incometaxindia.gov.in/download_all.asp

Frequently Asked Questions on NBFCs QUES -1 What is a Non-Banking Financial Company (NBFC)? ANS -1 A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 and is engaged in the business of loans and advances, acquisition of shares/stock/bonds/debentures/securities issued by Government or local authority or other securities of like marketable nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, sale/purchase/construction of immovable property. A non-banking institution which is a company and which has its principal business of receiving deposits under any scheme or arrangement or any other manner, or lending in any manner is also a non-banking financial company (Residuary non-banking company). QUES 2. NBFCs are doing functions similar to banks. What is difference between banks & NBFCs ? ANS 2. NBFCs are doing functions ...

To veiw Shabir Ahamed's profile kindly visit https://www.xing.com/profile/Shabir_Mir profile S Shabir Ahamed Mir Tax Consultant/ Industrial Consultant CEO M S Associates S rinagar , India Contact Srinagar (T): +91-194-2450993 Srinagar (M): +91-9469-077-496 Srinagar (M): +91-990-66-12321 New Delhi (M): +91-9999-55-8063 Industry Legal Services and Islamic Financial Consultancy shariah compliant finance , investment , banking , finance , islamic banking Previous companies--- Universities kashmir University Jammu University Organizations All India Federation of Tax Practitioners Interests Islamic Finance Tax Advisory Group Memberships Banknet India , Franchisee Network in India , India Business Plus , INDIA-CHINA BUSINESS FORUM , Indian Institute of Management Bangalore Forum , IndianFootball , International Entrepreneur Club , Islamic Finance , Non Resident Indian Business Forum , Project Management and PRINCE2 Forum India , Starting Business in India , XING Middle East Network