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Section 29A of the IBC bars certain persons or any other person acting jointly or in concert with such person from submitting a resolution plan for acquiring stressed assets. Disqualified persons includes an undischarged insolvent, wilful defaulter, corporate debtor holding Continue Reading
An Asset Reconstruction Company is a specialized financial institution, registered under RBI, which buys the NPAs or bad loans from banks with the object of recovering the stressed assets. The bad loans are bought by the ARCs at a fair Continue Reading
Payments banks are banks that can accept demand deposits upto Rs 1 lakh per customer and pay interest similar to a savings bank account. Both current account and savings accounts can be operated by such banks. Payments bank cannot issue credit Continue Reading
In terms of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, an entity can acquire up to 24.99% shares or voting rights in a listed company in India (target company), provided the acquirer does not take control over the target Continue Reading
ASBA is an application containing an authorization to block the application money in the bank account of the subscriber for subscribing to a public issue. If an investor is applying through ASBA, his application money shall be debited from the Continue Reading
nified Payments Interface (UPI) is a real-time payment system developed by National Payments Corporation of India (NPCI) facilitating inter-bank transactions through a mobile platform. UPI is regulated by the RBI and transfers funds between two bank accounts instantly. UPI powers Continue Reading
Privatization refers to the transfer of ownership and management of the public sector enterprises from the government to the private sector. The government ceases to be the owner of the entity or business. Privatization is expected to bring in more Continue Reading
Trade war is a protectionist policy to restrict international trade when one country (Country X) raises tariff rates on imports from another country (Country Y) in cross-retaliation to Country Y raising tariffs on imports from Country X. A tariff Continue Reading
A shell company is a normally a company which neither carries on any active business operations nor owns significant assets. They are normally created for the purpose of laundering unaccounted or illicit money to evade taxes through fake financial transactions. Continue Reading
A gold exchange traded fund is an open-ended ETF that aims to track the domestic physical gold price. Gold ETFs are financial instruments consisting of units backed by physical gold which may be in paper or demat form. These funds Continue Reading
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