Month: April 2019

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Section 185: All about Loan to Directors

The Section 185 of the Companies Act, 2013 is among the most important section of the Act. The section deals with the provisions for advancing loan and providing guarantee and security to Director, any person in whom director of the company is interested and power of the company to grant loan to, or provide guarantee …

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Important points for Bank Audit while auditing MSME borrowers : 

Below are some of the important points for Bank Audit while auditing MSME borrowers : 90 days delinquency norm is a condition for classification of majority of loans into NPA, loans to MSME sector is an exception to it, subject to certain conditions 90 days delinquency extended to 180 daysfor MSME entities for amount overdue …

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Registering an LLP in India.

This article explains the complete step-wise procedure for registering an LLP in India. In upcoming sections, you will read details on exact process, documents needed for LLP registration, Form to be filed for LLP registration and comprehensive guide for you to understand all about LLP registration in India. Limited Liability Partnership (LLP) was introduced in …

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All about CIBIL

CIBIL stands for Credit Information Bureau (India) Private Limited. It is India’s first Credit Information Company. It maintains records of all credit- related activity of Individuals and Companies including Loans and Credit Cards. The records are submitted to CIBIL by registered member Banks and other Financial Institutions on a periodic basis usually monthly basis. Based …

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Types of Agricultural Loans

Before understanding the Norms for Agriculture Advance first should know about the Which type of Loans cover under Agriculture Advances: Types of Agricultural Loans in India One can avail a loan for the following activities related to agriculture: Running day to day operations Buying farm machinery such as tractors, harvesters, et cetera Purchasing land Storage …

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