Pankaj Tyagi

About Pankaj Tyagi

Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.

Ombudsman Scheme for NBFCs – A Complete Overview

Ombudsman Scheme was introduced by the Reserve Bank of India on 4-April-2019 to curb the complexities related to the complaint redressal mechanism for specific services offered by NBFC. The scheme primarily encompasses the non-banking finance companies (NBFCs), and it is released under Section 45 L of the RBI Act, 1934. The ombudsman scheme for NBFCs […]

Factoring Regulations (Amendment) Bill, 2020 Introduced in Lok Sabha

The Factoring Regulations (Amendment) Bill, 2020 was introduced in the lower house of the parliament on September 14. The bill aims to make significant changes in the Factoring Regulation Act, 2011. It focuses on widening access to credit for businesses seeking funds to ensure uninterrupted growth. In this article we described about Factoring Regulations (Amendment) […]

Explore the List of Documents Required for FFMC License in India

Before we started with the title, it is pretty essential for us to know what FFMC means. Full Fledged Money Changer (FFMC) is referred to as authorized money changers registered under 10 (1) of the Foreign Exchange Management Act. It usually provides services related to foreign security and foreign exchange. According to the aforesaid act, […]

5 Attributes You Must Consider Before Commencing A Nidhi Company!

Before starting a Nidhi company, one must get accustomed to its basics and the relevant attributes. An individual or the corporate entities can start a Nidhi company depending on the advantages that you can reap. There are plenty of restrictions and deposit stipulates that one has to encounter while establishing such a business model. But […]

Farmer Bill, 2020 – Highlights, Benefits, and Limitations

Farmer Bill, 2020 left most of the farmers in a perplexing situation. Although the bill seems to be quite remarkable on some fronts, it has some severe downsides as well. The provision related to trader, trade area, market fee, and dispute resolution is a key area of concern in this bill. Let’s dive into the […]

An Analysis on Margin Scheme on the Sale of Repossessed Vehicle

Volkswagen Financial Services UK deals with the financing business related to vehicle purchases under the renowned brands Skoda, Bentley, Volkswagen, Porsche, Audi etc. In this article we described about An Analysis on Margin Scheme on the Sale of Repossessed Vehicle: Latest from UK Tribunal. Area of Contradiction The contradiction arose when VFS seek a refund against […]

The Essential Commodities (Amendment) Bill, 2020: Explained

After being promulgated on June 5, 2020, the Essential Commodities Amendment Bill, 2020 finally gets the authentication of the Rajya Sabha on Tuesday. The Bill amends the Essential Commodities Act, 1955, in which the Act confers better control to the central government over the product, supply, and propagation of certain commodities. The Ordinance seeks to […]

What you must know when making a Gift Deed? Let’s Figure it out!

A gift deed is a form of legal documentation that is used to validate the process of the property’s transfer. Unlike a sale agreement, the gift deed in India is executed without sale consideration. In legal terms, the gift deed typically comes into the existence when a donor decided to transfer his/her assets to the […]

Lok Sabha clears the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020

The lower house of the parliament i.e. Lok Sabha has passed the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020. The Taxation Bill 2020 was introduced by the honorable finance minister Nirmala Sitharaman. The ordinance renders a handful of relaxations in regards to compliance, such as wavier of penalty and extension […]

Significant Differences between NBFC and Micro Finance Companies

In the past few years, the banking structure of the country has improved a lot. But there is still a room of improvement when it comes to accessibility. The rural area of our country has been plagued by inadequate resources that also include a proper banking infrastructure. Truth be told, most of the rural areas still […]

Lok Sabha Passed the Foreign Contribution (Regulation) Amendment Bill, 2020

The lower house of the parliament finally passed the Foreign Contribution Regulation Amendment Bill, 2020. The Act governs the utilization and acceptance of overseas contribution by companies, individual, and associations. Foreign contribution is referred to as transfer of any security or currency by the overseas source. Prohibition on the acceptance of foreign contribution: The Act […]

A Complete Overview on Tax Obligations for Sole Proprietorship

As the name suggests, a sole proprietorship is an independent business model operated by a single individual. Furthermore, these business models seek no governmental registration and could be run with a minimum of hassles. The ease of formation and less compliance make this business model quite popular across the unorganized business sector. In this write up […]

An Outlook on Banking Regulation (Amendment) Bill, 2020 Passed by Lok Sabha

After being introduced on September 14, 2020, Banking Regulation (Amendment) Bill, 2020 has finally enacted by the lower house of the parliament. This new amended act regulates the functioning of the bank and covers the several aspects such as management, licensing, and operation. The bill supersedes the Banking Regulation Amendment Ordinance, 2020 that was released […]

Regulations governing NBFCs in India: A Complete Overview

NBFC is an organization that provides banking and financial services and it is governed Reserve Bank of India within the framework of the Reserve Bank of India Act, 1934 “Chapter III-B” and the instructions issued by it. In this write up we will look into the Regulations governing NBFCs in India. What is Non-Banking Financial […]

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