Chartered Accountant Certificate Archives

How to transfer funds from NRO account to NRE account?

17 November 2024 by Admin

I have been an NRI since 2019 and reside in Saudi. I have invested around Rs 40 lakhs in various mutual fund schemes in India from my NRO account by transferring money from my existing NRE to my NRO account. Now I have decided to redeem all my investments in a mutual fund and invest … Read more

RBI tweaks norms for NBFC-P2P lending platforms to improve transparency, compliance

16 August 2024 by Admin

In a bid to improve transparency, compliance the lending process further, the Reserve Bank of India (RBI) has reset norms for Non Banking Financial Company-Peer to Peer Lending Platforms (NBFC-P2P Lending Platform). The step has been initiated to take action in light of certain practices conducted by a few Peer-to-Peer (P2P) platforms that have been … Read more