If you are into IT/Software Sector or say in any sector and can bring overseas contracts (or any domestic business related to the software sector), with a stress on Digital Marketing/Content Writing/Website Development/Reputation Management/SEO/SMM, etc, then you can join me as a partner or associate.
We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: suman2005s@rediffmail.com.

Friday, June 20, 2014

Infrastructure finance firms can raise long-term funds
Besides, infrastructure debt fund NBFCs have been allowed to issue secured debentures
Photo: MBA Skool
June 19, 2014: The government, on Thursday, allowed infrastructure finance companies to issue secured debentures with a tenure of up to 30 years, a move that will help in raising long-term funds for the sector.

Besides, infrastructure debt fund non-banking financial companies (ID-NBFCs) have been allowed to issue secured debentures for up to 30 years.

“Similarly, housing finance companies have been allowed relaxed terms for maintaining debenture redemption reserve on the lines similar to NBFCs registered with the RBI (Reserve Bank of India). Necessary amendments in rules have been notified,” the Ministry of Corporate Affairs said in a statement on Thursday.

A debenture redemption reserve is an account that can only be utilised to redeem debentures.

As per the XII Plan document, India is projected to require investments of about $1 trillion in infrastructure during 2012-17.

The government also clarified that companies can appoint an independent merchant banker, registered with the Securities and Exchange Board of India to prepare valuation reports required before making a preferential allotment of shares.

The firms can also engage an independent chartered accountant with a minimum experience of 10 years to prepare valuation reports, the statement said.

Post a Comment