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Raghuram Rajan, took over as the 23rd governor of the central bank

Raghuram Rajan, took over as the 23rd governor of the central bank on Wednesday , at a time when the country is going through a economic turmoil. On joining he announced some measures which evokes a positive response in the financial market. Among others, he announced that:
  • The Reserve Bank, he said, would announce steps to attract more funds from
    overseas by subsidising hedging costs for banks and making it easier for importers and exporters to hedge currency risk.
  • He postponed the announcement of his first monetary policy statement to...
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Private Limited Company

Private Limited Companies is a category of Company as per the Comanies Act, 2013 where there is a limit of shareholder. The Companies are having limited liability either by way of limited by shares or by way of limited by guarantee.
In case of Companies limited by share, the liability of the member are limited to the amount paid for the shares acquired by them.
In case of companies limited by guarantee, the liability is limited to the extent... Read more

One Person Company

The concept of One Person Company(OPC) is a new form of business, introduced by The Companies Act, 2013 .
One Person Company is a combination  of Sole-Proprietorship business and Company form of business whereby  a sole proprietor and an entrepreneur can take the advantage of limited liability and corporatisation.
Some of the features of OPC are
 
One Shareholder: Only a natural person, who is an Indian citizen and resident in India shall be eligible to incorporate a... Read more