✅ Advantages of DRA (Debt Recovery Agent) Registration DRA registration grants legal permission and professional trust to engage with banks and NBFCs according to RBI regulations. 🌟 Main Advantages of DRA Registration ⚖️ Legal Permission Operate legally as a recovery agent Recovery actions that meet RBI standards Safeguard against legal problems if regulations are adhered […]
DRA Registration (Debt Recovery Agent) – Comprehensive Guide (India) According to RBI guidelines, DRA Registration is compulsory for persons or organizations involved in recovering loans for banks and NBFCs. ✅ What does DRA stand for? A Debt Recovery Agent (DRA) is permitted to collect outstanding payments for: Financial institutions NBFCs Monetary Entities Only DRAs certified […]
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Trumints Business Solutions appears to offer entrepreneurs pre-registered or licensed companies (NBFCs, NGOs, Section 8 microfinance institutions, etc.) for purchase. Bypass the Line! Obtain NBFCs, Prepared-to-Use Private Limited, Credit Cooperative Societies, Section 8 Microfinance Firms & NGOs. Trumints Business Solutions provides pre-licensed businesses for instant market access: ✅ NBFCs (Size of Assets/Credit/Investments) ✅ Section 8 […]
Halal certification in India is a process that ensures food, products, and services comply with Islamic dietary laws. The term “halal” refers to what is permissible or lawful in Islam, and the certification assures consumers that the certified products or services meet the required standards. HALAL Certification Bodies The HALAL certification bodies provide this form […]
The registration process for a security agency in India involves several steps and requirements. A security agency provides security services to individuals, organizations, or institutions and is regulated by the Private Security Agencies (Regulation) Act, 2005 (PSARA). Below is a general overview of the registration process: Eligibility Check: Ensure that your security agency meets the […]
DPIIT stands for the Department for Promotion of Industry and Internal Trade, which is a department of the Ministry of Commerce and Industry in India. DPIIT registration is not a separate registration for startups; instead, it refers to the process of obtaining recognition as a startup by the DPIIT. Startups that meet certain criteria and […]
In India, GST registration is mandatory for businesses with an annual turnover of more than Rs. 40 lakhs (for goods suppliers) and Rs. 20 lakhs (for service providers). However, even if your startup’s annual turnover is below the threshold limit, you can voluntarily register for GST to avail benefits like input tax credit, ease of […]
A Section 8 company is a type of non-profit organization in India that is formed for promoting science, art, education, charity, religion, or any other similar objective. Here are the steps to register a Section 8 company in India: Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for all the proposed directors of […]