The RBI has introduced a new category of NBFCs focused on factoring. A company seeking registration as NBFC-Factors would have a minimum net-owned fund (NOF) of Rs.5 crore. An NBFC-Factor would ensure that its financial assets in the factoring business constitute at least 75% of its total assets and its income derived from factoring business is not less than 75% of its gross income.
The Public Gambling Act, 1867 also known as the "Gambling Act" is the primary law which governs gambling in India. However, the state legislatures, under the Constitution of India, are currentl More
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