Business

This article is about unknown or lesser known or hidden charges on banking transactions. I will tell how a new bank account gets opened. You identify a banker and if that happens to be a new generation bank, then an executive will come to your home or to office. He …

At least in my family, no one at home has subscribed to the idea of buying gold through Gold Exchange Traded Fund (ETF). People prefer physical gold over demat gold! Gold is there to touch and feel, not to see through internet in demat account, is what I have been …

                  In continuation of my previous article, i have listed out the funds under Equity and Non-Equity categories. Equity Funds Index Fund Large Cap Fund Small Cap Fund Mid Cap Fund Arbitrage Fund Sector Specific Fund Diversified Fund Open Ended Fund Close …

When you travel by air or by train, you have to show your identity proof document. If you have to set up a company, you have to give a copy of your address proof and identity proof. If you book a hotel room, before check-in you have to tender a …

  As per Section 353 of Karnataka Municipal Corporations Act, 1976, No place within the limits of the city shall be used for any of the purposes mentioned in Schedule X without a license obtained from the Commissioner and except in accordance with the condition, specified therein. This means the …

  As per Section 353 of Karnataka Municipal Corporations Act, 1976, No place within the limits of the city shall be used for any of the purposes mentioned in Schedule X without a license obtained from the Commissioner and except in accordance with the condition, specified therein. This means the …

  India is known for its Information Technology in the world. In the process of selling software to the world, they have also (knowingly or unknowingly) sold a software to Income Tax (IT) department. In return, the income tax department is sending notices to the people!  We can call it …

  What is Know Your Customer (KYC)? Simple, this is a synonym for headache!   An activity such as opening a bank account, obtaining Directors Identification Number (DIN), Passport, PAN Card, Driving License, Demat account etc. is a headache! Once you open the account or obtain the document, then the …

  As we had mentioned in our previous article, there are three ways to start a trust/ NGO. They are setting up a trust under Indian Trust Act, setting up a society under Cooperative Societies Act or Section 8 Company under Companies Act 2013. Erstwhile Section 25 Company (under Companies Act, …

The then Finance Minister P Chidambaram advised public sector banks to take action against Wilful defaulters, especially in the case where the ‘promoter is prosperous but the company is sick” As per RBI guidelines, a wilful default is deemed to have occurred if– (a) The unit has defaulted in meeting …