New Companies Act -2013 and Company Deposits – Updated Rules and Regulations:

Ministry Of Corporate Affairs have notified new Companies Act which has come up with updated rules about Deposits being accepted by company acts.Non-Banking finance companies accepts deposits under different rules (RBI Act 1934) and this new act will not applicable to NBFCs. Currently deposits are being accepted under Companies Act 1956 (Acceptance of Deposits )…

Shriram City NCD Issue April 2014 @11.75% – To Open On April16, 2014:

Shriram City Union Finance – RBI registered Deposit taking Non-Banking finance company – NBFC will raise Rs.200 crore through public issue which will open on April 16, 2014.This issue will offer highest rate of interest@11.75% for period of 60 months. Details of Shriram City NCD issue April-2014 are as follows: About shriram City Union finance:…

CPSE ETF March2014 -Goldman Sachs AssetManagement – RGESS Compliant Tax Saving Scheme

Goldman Sachs Asset Management -have come up with RGESS -Rajiv Gandhi Equity Saving Scheme – compliant CPSE ETF – Central Public Sector Enterprises .CPSE Index will be launched by NSE on March 18,2014 to facilitate Govt disinvestment in 10 bluechip CPSE stocks CPSE index constituent stocks includes: ONGC GAIL India Limited. Coal India Ltd. REC…

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