This document outlines an NBFC's new business plans, target markets, loan products, and loan approval process. It discusses several loan products like secured loans, unsecured loans, transport loans, gold loans, loans against property, and consumer durable loans. It identifies target markets like small businesses, government employees, and retail traders. It also describes the loan approval process, criteria for sanctioning loans, recovery procedures, interest rates, and expected business outputs over the next six months. The document provides details on the NBFC's various loan products and services to potential customers.
OBJECTIVES:
Definition
Position under Service Tax and VAT
Position under GST
Composite supply
Taxability of Works contract
Provisions relating to Input tax credit
Introduction:
Section 11 deals with Income from property held for “Charitable or Religious purposes.”
The income shall be subjected to the provisions of
Section 60 - Transfer of Income where there is no transfer of assets
Section 61 - Revocable Transfer of Assets
Section 62 - Transfer irrevocable for a specified period
OBJECTIVES:
Definition
Position under Service Tax and VAT
Position under GST
Composite supply
Taxability of Works contract
Provisions relating to Input tax credit
Introduction:
Section 11 deals with Income from property held for “Charitable or Religious purposes.”
The income shall be subjected to the provisions of
Section 60 - Transfer of Income where there is no transfer of assets
Section 61 - Revocable Transfer of Assets
Section 62 - Transfer irrevocable for a specified period
Related Party Transactions by Dipti Mehta Partner Mehta & Mehta Company Secretary
Both under the 2013 Act , requirements concerning related party transactions may be divided into four key parts, viz., identification of related parties, related party transactions, approval process and disclosure requirements. It is clear from discussion below that in most cases, The definition of ‘related party’ under RC49 is likely to result in identification of significantly higher number of related party. Unlike the 2013 Act, RC49 does not exempt related party transactions from special resolution of disinterested shareholders based on criteria, viz., (i) transaction is in the ordinary course of business and at arm’s length, or (ii) prescribed threshold regarding transaction value and share capital are not breached.
Disclaimer: Disclaimer: This presentation is based on my internal research. It is notified that the presenter and any other person related to him shall be responsible for any damage or loss of any action taken based on this presentation. It is suggested to seek professional advice before initiating any action.
Presentation is on computation of income from Salaries . this presentation is for the benefit of undergraduate commerce students and is based on the B.Com syllabus of Goa University
Meaning – Definition – Basis of Charge – Advance Salary – Arrears of Salary – Allowances – Perquisites – Provident Fund – Profits in Lieu of Salary – Gratuity – Computation of Pension – Encashment of Earned leave – Compensation for Voluntary Retirement – Deductions from Salary u/s 16 – Problems on Income from Salary.
Key Takeaways:
- Provisions dealing with set-off and carry forward
- Inter-head and Inter-Source Set-off of Losses
- Carry Forward and Set-off of Losses in Special Cases
FAQ OF NIDHI COMPANY
NIDHICOMPANY
ALLABOUTNIDHICOMPANY
FAQOFNIDHICOMPANY
PPTOFNIDHICOMPANY
SLIDESHAREOFNIDHICOMPANY
HOW CAN REGISTER A NIDHI COMPANY
NIDHI COMPANY REGISTRATION
LAW OF NIDHI COMPANY
RULES OF NIDHI COMPANY
#NIDHICOMPANY #ALLABOUTNIDHICOMPANY #FAQOFNIDHICOMPANY #PPTOFNIDHICOMPANY #SLIDESHAREOFNIDHICOMPANY #CSWANIDHI #CORPORATESOLUTIONSWORLDAHEAD #NIDHICOMPANYREGISTRATION ##NIDHICOMPANYREGISTRATIONINCALICUT #HOWCANREGISTERNIDHICOMPANY #LAWOFNIDHICOMPANY
#RULESOFNIDHICOMPANY
Related Party Transactions by Dipti Mehta Partner Mehta & Mehta Company Secretary
Both under the 2013 Act , requirements concerning related party transactions may be divided into four key parts, viz., identification of related parties, related party transactions, approval process and disclosure requirements. It is clear from discussion below that in most cases, The definition of ‘related party’ under RC49 is likely to result in identification of significantly higher number of related party. Unlike the 2013 Act, RC49 does not exempt related party transactions from special resolution of disinterested shareholders based on criteria, viz., (i) transaction is in the ordinary course of business and at arm’s length, or (ii) prescribed threshold regarding transaction value and share capital are not breached.
Disclaimer: Disclaimer: This presentation is based on my internal research. It is notified that the presenter and any other person related to him shall be responsible for any damage or loss of any action taken based on this presentation. It is suggested to seek professional advice before initiating any action.
Presentation is on computation of income from Salaries . this presentation is for the benefit of undergraduate commerce students and is based on the B.Com syllabus of Goa University
Meaning – Definition – Basis of Charge – Advance Salary – Arrears of Salary – Allowances – Perquisites – Provident Fund – Profits in Lieu of Salary – Gratuity – Computation of Pension – Encashment of Earned leave – Compensation for Voluntary Retirement – Deductions from Salary u/s 16 – Problems on Income from Salary.
Key Takeaways:
- Provisions dealing with set-off and carry forward
- Inter-head and Inter-Source Set-off of Losses
- Carry Forward and Set-off of Losses in Special Cases
FAQ OF NIDHI COMPANY
NIDHICOMPANY
ALLABOUTNIDHICOMPANY
FAQOFNIDHICOMPANY
PPTOFNIDHICOMPANY
SLIDESHAREOFNIDHICOMPANY
HOW CAN REGISTER A NIDHI COMPANY
NIDHI COMPANY REGISTRATION
LAW OF NIDHI COMPANY
RULES OF NIDHI COMPANY
#NIDHICOMPANY #ALLABOUTNIDHICOMPANY #FAQOFNIDHICOMPANY #PPTOFNIDHICOMPANY #SLIDESHAREOFNIDHICOMPANY #CSWANIDHI #CORPORATESOLUTIONSWORLDAHEAD #NIDHICOMPANYREGISTRATION ##NIDHICOMPANYREGISTRATIONINCALICUT #HOWCANREGISTERNIDHICOMPANY #LAWOFNIDHICOMPANY
#RULESOFNIDHICOMPANY
JMFL Home Loans is engaged in the business of providing home loans tailor-made for your every need. Our Goal is to help you acquire your dream home, your own little piece of heaven. We cater even to those home buyers who lack income proofs and also to those who need small home loans. We leverage our superior technological capabilities and our wealth of experience and rich expertise to provide a diverse range of highly customised products and services to home-buyers. https://www.jmfl.com/what-we-do/fund-based-activities/home-loans
Equipment finance scheme and business expansion loan sobell finance limitedsobellfinance
The financial assistance is available to the existing profit-making companies for acquiring machinery & equipment for expansion/ modernization/ balancing/ diversification of business.
Textile Chemical Brochure - Tradeasia (1).pdfjeffmilton96
Explore Tradeasia’s brochure for eco-friendly textile chemicals. Enhance your textile production with high-quality, sustainable solutions for superior fabric quality.
What You're Going to Learn
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Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
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How to Build a Diversified Investment Portfolio.pdfTrims Creators
Building a diversified investment portfolio is a fundamental strategy to manage risk and optimize returns. For both novice and experienced investors, diversification offers a pathway to a more stable and resilient financial future. Here’s an in-depth guide on how to create and maintain a well-diversified investment portfolio.
2. Market ScenarioMarket Scenario
Interested members seeking loan are required to submit
prescribed application form duly filled in along with all supporting
documents attached.
Unsecured loans (loans and bill purchase within the limit
prescribed by Company)
Secured Loans (within the max. limit wherever prescribed by
Company)
1) Transport, Business, DCG, Plant and Machinery loans
2) Gold Loans
3) Loans against KVP
4) General loan-(Loan against property)
5) Car Loan
Loan sanctioning authorities
i) Company
ii) Credit Manager
iii) CM will sanction loans up to the power delegated by the Company
2
3. Target MarketsTarget Markets
Present and prospective owners of shops/ offices/
show-rooms/ training centres/ service centres/ garages/ offices
for Chartered Accountants/ Consultants for the purchase / refurbishment
of the existing property
General / Grocery stores
Government Employees with salary of 10K to 30K.
Micro enterprises including SSI units, small business enterprises,
professional and self employed persons, small retail traders, transport
operators etc for meeting any kind of credit requirement including
purchase of shops, maximum limit being Rs 10 lakhs including term loan
& working capital loan. The loan will be sanctioned for 3 years with an
annual review.
This product will simplify sanction process without requirement of elaborate financial
data.
3
4. Target MarketsTarget Markets
Used cars Loan
Loans for purchase of cars, passenger jeeps, multi utility
vehicles etc., to his name as per the choice of the customer.
Electronic Dealer Finance Scheme
The scheme provides for financing purchases of product to consumer that
is customer to Shop Keepers from Dealers to Corporate /Industry Majors.
It is a completely web based solution with customized MIS provided to
the stakeholders. The Industry Major enjoys timely availability of funds.
The Shop Keepers / dealer can make effective utilization on working
capital funds. Both Industry Major and dealer can make use of improved
cash flow forecasting
4
5. Target MarketsTarget Markets
Loan against NSC/KVP/IVP
Up to 75% of the face value in case of NSC/KVP/IVP and in the case of LIC
policy 75% of the surrender value.
Normally general loan (unsecured loan) for ceremonial,
consumption and other domestic purposes against security of
another member is given up to maximum Rs. 2/- lacs on the
basis of income parameters. However, such type of loans up to
maximum Rs. 10/- lacs can be considered as General Loan –
Secured against the mortgage of property and repaying
capacity. The security percentage of the mortgaged property
will be taken as per the rules framed by the Company from
time to time. 5
6. Business PlansBusiness Plans
Marketing Activity and Demographic study
Events Management and Training
Miscellaneous Promotional Activities
a) Flyer
b) Advertisement (Space marketing)
c) Classified
d) Sales and Product Support
e) An Active Customer Base-To Help Drive Revenue
f) Networking- Regional Meetings
Annual Convention
In each micro market ; Identify and leverage new growth
opportunities such as new Area of Work
Fast-growth support and optimization in order to maximize
long-term potential gains in revenue, margins, and market
share
◦ Areas being adequately covered by us
6
7. Criteria while SanctioningCriteria while Sanctioning
Each and every loan request to be examined at three stages
◦ Branch Head / Manager / Loan Officer to provide the necessary information
on the credit appraisal form along with his comments/observations.
Thereafter it will be examined by Credit Manager
◦ Along with comments/observations of Branch Head / Manager / Loan Officer
before placing at the Loan Sanctioning Committees. Physical verification of
Shop/Stock will be done by….or any other official.
◦ The maximum credit limit of a member will be determined by the Company as
per the guidelines after finalization of the…….
Processing charges will be taken as per the rates decided by the
Company from time to time which will also be conveyed to the
loanee member in advance.
7
8. Recovery / DefaultRecovery / Default
If any Loan Default by Member. We need two Member's as a
guarantee. In case of default, surety or guarantee Member
will be equally liable for the re-payment of his or her dues
In case of default the following actions can be taken against
the defaulting member:
To write to the employer u/s 52 Act 2003 for the recovery of the dues.
To initiate arbitration proceedings
To file case under section 138 of Negotiable Instruments Act
To file case under SARFAESI Act
These actions should be taken as per the guidelines laid in
the recovery policy.
8
9. Rate Of InterestRate Of Interest
The rate of interest on all loans / credit facilities will be on
reducing rate basis which is decided by the Company from time
to time. The change in the rate of interest is applicable for
fresh loans disbursed from its effective date and will not be
applicable for loans disbursed earlier.
The repayment of loan will be accepted through deposit of post
dated cheques and submission of mandate for electronic
clearance transfer services (ECS) which will be handed over to
officer at the time of disbursement of loan.
However, repayment of loan can also be accepted in cash or
pay order or demand draft if situation so warrants.
9
10. Product KnowledgeProduct Knowledge
Surety loan eligibility on completion of one month membership.
◦ One month up to one year maximum surety loan entitlement up to Rs. 1/-Lacs.
◦ Above one year maximum surety loan entitlement up to Rs. 2/- Lacs. and that will be
change time to time.
Unsecured (Surety ) loan
◦ Up to Rs. maximum 2,00,000/-
Eligibility criteria :
When no other loan has been taken:
◦ 10 times of take home salary (two latest salary slips required in case of salaried
persons)
◦ 8 times of ITR income – (Two latest ITRs to be submitted)
◦ Where ITR or proper salary certificates are not provided – max. 7 times of the declared
income subject to max. Rs.1,00,000/- for the first time and up to max. Rs. 1,25,000/-
from 2nd time onwards subject to the condition that the member has not taken any
other loan and he has been a good paymaster.
Surety for unsecured loan above Rs. 1,00,000/- invariably from a
member in govt. service or from a member having residential house on
his/her own name or on the name of spouse or two house owner
regular paymaster sureties.
10
11. Product KnowledgeProduct Knowledge
When a member does not have residential house on his own
name or on the name of his spouse but the house is owned
by father, mother, son, brother, father-in-law, mother-in-
law in case of lady member and the member lives with them
in the same house then the surety stood by such a member
will be treated as a house owner surety.
The following types of secured loans can be considered :
Consumer Durables
Loan for consumer durables such as Computers, TV, Fridge, Mobile, AC
etc up to 80% of the cost or Rs. 1,00,000/- whichever is less. Loan
amount to be disbursed direct to the vendor/supplier after taking the
margin money. Advance payment will not be allowed.
Loan will be recovered in 6/12/24/36 equal monthly instalments.
Minimum one surety from a regular paymaster member of the services is
required. Item to be purchased will remain hypothecated to the. 5% of
the loan is taken as security for giving post loan disbursement papers.
This amount on request will be returned immediately on receipt of
papers.
11
12. Product KnowledgeProduct Knowledge
Vehicle Loans
Up to 100% of the ex-showroom price of the new vehicle.
Minimum one surety from a regular paymaster member of the Bank. Loan
will be paid direct to the vendor/supplier/dealer. The loan will be
considered on the Performa invoice in favour of the member. Margin money
and loan processing charges will be taken. Name of the bank will be written
on the RC and the vehicle will be insured jointly with the bank during the
continuation of the loan. If the name of the vehicle could not be written on
RC, disclaimer certificate should be obtained from the transport authority.
For new LMV the maximum repayment period will be 36 EMI
EMIs. However, for new vehicle for personal use the repayment period can
be extended up to 60 EMIs on the request of the member.
Security – Hypothecation of vehicle in favour of the Company.
While considering request for transport loans, repaying
capacity is not considered presuming that income will be
generated only after the purchase of vehicle. If the member
applies for any term loan after taking transport loans, then for
calculating repaying capacity for the requested term loan EMIs
being paid for the existing transport loans will be taken into
consideration.
12
13. Product KnowledgeProduct Knowledge
Loan for plant and machinery
◦ If the loan is needed for the purchase of new machinery, Performa
invoice to be provided and loan limit will be up to 70% of the cost or Rs.
2/- lacs whichever is less without collateral security but with one or two
house owner/govt. surety(ies). Above Rs. 2/- lacs with collateral security
of property duly evaluated from the approved valuer and with search
report from the advocate on the approved panel.
◦ In case of old machinery the valuation of machinery from the approved
valuer required. The loan limit for old machinery shall be maximum 50%
of its value. For loans up to Rs. 2/- lacs security will be hypothecation
and joint insurance of machinery and personal surety. For old plant and
machinery security will be hypothecation of machinery and mortgage of
property. Joint insurance of machinery and property required separately
and both jointly with the Company.
13
14. Expected Output in next six monthsExpected Output in next six months
14
1 Month Manpower for Sales and Marketing(FOS)
2 Month New Business Development (Area)
3 Month Innovative Products (Funding and Credit Needs)
4 Month Innovative Services (Risk Measurement and
Disclosure)
5 Month Quality of Sale
6 Month Break Even (FOS)
7 Month Transparency (Smooth Transition)
15. 15
New Member
complete the
application
form and
provide the
relevant
documents and
fee (if required)
Get Details :-
1) First Name & Last Name
2) One line Address
3) Postal Code
4) Date of Birth
5) verifies the application
and
document
Not Complete
(may resubmit with
relevant documents in 2
days)
Check & verifies
Home, work place,
cibil credit score &
analysis as per our
credit limit give
Membership No.
Complete and
Acceptable
Approved or Non
Approved send
information to
Member
1) Signing of the
Loan Agreement
2) Documentation
of Security
1) Loan Disbursement
2) Monitoring of
Performance and
Loan Repayment
Follow-up (if
required)
If any Loan required by
Member. We need two
Member's as a guarantee. In
case of default Member will be
equally liable for the re-
payment of his or her dues
Member Application's and Loan Processing Flow ChartMember Application's and Loan Processing Flow Chart