A non-profit organization, also known as a Section 8 company, is one that has as its objectives the promotion of business, the arts, sciences, sports, education, research, social welfare, religion, charitable giving, environmental protection, or any other such objective. It also forbids the payment of dividends to its members and intends to use any profits, […]

PhonePe Acquired a New License from the IRDAI PhonePe, a fintech company, said on Monday, August 30, that it has been granted an Insurance Broking license by the Insurance Regulatory and Development Authority of India (IRDAI). PhonePe joined the Insurtech market last year with a limited insurance ‘corporate agent’ license that allowed the business to […]

RBI Frames Rules For Cross Border Merger of Companies India has rolled out its regulations to encourage and allow cross-border mergers and amalgamation. This was awaited for long, and could increase foreign direct investment into the nation. The Reserve Bank of India (RBI) has formulated the norms of mergers and amalgamation, and the necessary arrangement […]