The fine was issued under Section 42(7) of the Companies Act, 2013, which says, “No company issuing securities under this section (read: unlisted securities) shall release any public advertisement or use any media, marketing or distribution channels or agents to inform the public at large about such an issue.” Founded by Rituraj Sharma and Krishnna … Read more
Some financial institutions offer non-convertible debentures (NCDs) with a promise of high rate of return on your investment. These returns are certainly far higher than the regular risk-free investments — bank fixed deposits, for instance. However, prospective investors must remember that these high interest investments usually carry a certain degree of risk at the same … Read more
ThisThiruvananthapuram-basednon-banking financial corporation (NBFC) has launched a fresh issue of secured redeemable non-convertible debentures, which will close on May 17. The face value of NCD is ₹1,000. The minimum application requires investors to invest 10 NCDs, i.e., 10,000, in multiples of ₹1,000. The issue is meant to raise ₹50 crore with an option to retain … Read more