Muthoot Finance – One of the largest Gold loan company which offers loans against gold jewellery for short -medium term liquidity requirements – has come up with NCD issue in May 2014 which will open on May 26, 2014. Muthoot Finance intends to collect Rs.500 crore through this issue. Details of Muthoot finance NCD Issue…
SREI NCD Issue @12% May 2014:
SREI Infrastructure Finance company Limited – has come up with issue of Non-convertible debentures which will open on May 09, 2014.Company intends to raise Rs.150 crore through this issue and max interest rate is being offered is 12% for retail individual investors. Imp Dates: Issue Open Date: May 09,2014 Issue close Date:June 09, 2014. Pl…
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 )…