Tips for NBFCs to Track Defaulters’ Legal Notices
Understanding NBFC (Non-Banking Financial Companies) NBFCs are non-banking financial institutions that are not banks yet provide financial assistance and services. A Non-Banking Financial Company has many services that come under it; acquisition of bonds, debentures,
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What Lawyers can include in a Cheque Bounce Notice?
The cheque bounce notice is a legal notice sent by an advocate on behalf of his client to recover the unpaid amount of the cheque. It is served in accordance with Section 138 of the
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A Guide to Money Recovery from Debtors in India
If you have sold something to a customer or a client, and the payment is getting delayed, then it is time to act. You cannot resolve the matter without taking action that might put the
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Peer-to-Peer Lending: Overview & Legalities
(P2P) or Peer-to-peer lending is a system through which people, hitherto unknown to each other, can directly borrow money from one another. P2P platforms act as the aggregator between borrowers and lenders. These platforms carry out
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How lenders can use OCEN to thicken their Loan Books
What is OCEN? Open Credit Enablement Network (OCEN, pronounced O-ken) is a set of open standards. OCEN is part of the larger IndiaStack. India Stack aims to enable digital transformation by allowing governments, businesses, startups,
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A Guide to Legal Notice Drafting
Legal notices are crucial for any legal proceedings to begin. Actually, in a few cases, the lawyer has to ensure there is a formal written communication exchanged between the parties before proceeding with any matter
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How Legodesk can streamline the legal workflow of FinTech firms?
Legal technology is reshaping the FinTech industry and the way businesses engage with their clientele. Financial institutions are “the” early adopters of all new technology that enter the market, adopting and using the finest of
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What is the revenue recovery act and what is it for?
Revenue Recovery falls under the Schedule VII of the state list. The phrase “revenue recovery” means the realization of sales tax arrears from the defaulter dealers under the Revenue Recovery Act. In this article, we
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