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NON BANKING FINANCIAL COMPANIES MEANING AND CONCEPTA Non Banking Financial Company (NBFC) is: 1. a company registered under the Companies Act, 1956 of India, 2. engaged in the business of Loans and Advances, 3. Acquisition of Shares, Stocks, Bonds, Insurance business or Chit Fund Business, 4. But does not include any institution whose principal business is that includes agriculture or industrial activity, 5. or the sale, purchase or construction of immovable property.
The various NBFCs are :1) Leasing Companies. 2) Housing Finance Companies.
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MERCHANT BANKING
MERCHANT BANKING
MEANING AND CONCEPTAn organization that 1. acts as an intermediary between the issuers and the purchasers of securities in the primary market, 2. that helps companies to raise capital, 3. underwrites corporate securities, 4. provides advisory services to its clients.
MERCHANT BANKING
VARIOUS SERVICES RENDERED 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Corporate Counseling. Project counseling. Project finance. Underwriting. Portfolio Management. Working Capital Finance. Off Shore Financing. Mergers, Amalgamations and Takeovers. Venture Capital Financing. Arrange for rehabilitation of sick projects.
MERCHANT BANKING
TYPES OF MERCHANT BANKING COMPANIES There are four types of MB Companies :Category I MB : can act as Issue managers.
Category II MB : can act only as co-managers. Category III MB : can act as co-managers but cannot undertake portfolio management.
MERCHANT BANKING
SEBI GUIDELINES SEBIs authorization is a must to act as merchant bankers. Authorization criteria include Professional qualification in Finance, Law or Business Management. Infrastructure like Office space, Equipments and Man power Capital Adequacy.
MERCHANT BANKING