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The “Parivahan Sewa” portal is an online platform developed by the Ministry of Road Transport and Highways (MoRTH) in India. It serves as a comprehensive digital service for various transport-related activities and services. The Ministry of Road Transport and Highways (MoRTH) has been facilitating the conveyance of the citizens by providing various online services thus preventing them from all hassles and queues. Parivahan is a far-reaching e-governance application extending its services related to vehicle registration, driving licenses and other e-services to various states of India. The Transport Department of the Rajasthan Government has established an online portal to enable its citizens to access various services. There are many check posts in the inter-state borders, which collects the tax for various vehicles that also includes the vehicles from other states. To make the system seamless and efficient, the Transport Department of Rajasthan has implemented a 24×7 online tax-payment facility for vehicles registered in states other than Rajasthan. Services Available on Parivahan Sewa Portal The following are the services offered under Parivahan Sewa portal: Check post-tax Homologation Paid NR (National Register) services AITP (All India Tourist Permit) authorisation Applying for DL, duplicate DL, DL renewal, etc., and other driving license related services Renewal of registration, online test/appointment for DL, renewal for fitness certificate, etc., and other vehicle related services Fancy number booking National permit authorisation VLTD (Vehicle Location Tracking Device) maker CNG (Compressed Natural Gas) maker Trade certificate SLD (Speed Limiting Device) maker PUCC (Pollution Under Control Certificate) Vahan green sewa Vehicle recall Since every state RTO has variations in policies and procedures standardising documents to ensure correct and timely availability of information is one of the aims of Parivahan Sewa. In order to implement this, the MoRTH entrusted the National Informatics Centre (NIC) to deploy two types of software. They are: VAHAN: For vehicle registration. SARATHI: For driving licences and compilation of data with respect to DLs in all states and vehicle registration. Parivahan Sewa thus tries to provide citizens with improved access to all information they may require from their respective state Permanent licence Renewal Duplicate licence Addition of class International driving permit Licencing related fees and charges Sample LL Question Bank Process for tax deposition Step 1:  The depositor has to login into the website and should enter the details of his vehicle for which tax is to be calculated. Step 2: As per prescribed rates, the software calculates the tax amount to be paid. Step 3: On accepting to make the payment, the user is then redirected to the Internet Banking Site of the selected bank. Step 4: once the payment is done, a receipt is generated which the user can print. It has a provision of printing the receipt immediately after the payment or can later print it by entering the register number in the ‘print tax receipt’ tab. Step 5: The authenticity of the receipt can be checked by the transport department officials by verifying the payment details of the vehicle on the internet using this web-based software. FAQs What does Sarathi Parivahan mean? The Ministry of Road Transport & Highways has created the online portal Sarathi Parivahan to provide services relating to driving licences, such as applying for a licence or renewing an existing one.  For how much time duration Motor Vehicle tax is paid and when? The duration tax payment for Motor vehicle depends on the type of vehicle and for non-transport motor vehicle tax payment is done in once in lifetime. After 15 years tax payment can be made during renewal of registartion for a duration of five years.

MCA amends Rule 12A of Companies (Appointment and Qualification of Directors) Rules, 2014 vie notification dated  16th July 2024 by inserting Companies (Appointment and Qualification of Directors) (Amendment) Rules, 2024 with effect from 1st August 2024.  The Ministry of Corporate Affairs (MCA) has recently issued a notification introducing amendments to the Companies (Appointment and Qualification of Directors) Rules, 2014.  These rules may be called Companies (Appointment and Qualification of Directors) Amendment Rules, 2024. The amendments will come into effect on 1st August 2024. Rule Companies (Appointment and Qualification of Directors) Rules, 2014. Companies (Appointment and Qualification of Directors) Amendment Rules, 2024 Comments Rule 12 A Provided also that in case an individual desires to update his personal mobile number or the e-mail address, as the case may be, he shall update the same by submitting e-form DIR-3 KYC only: Provided also that in case an individual desires to update his personal mobile number or the e-mail address, as the case may be, he shall update the same by submitting e-form DIR-3 KYC only on or before 30th September of the financial year After the word “only,” the words and figures “on or before 30th September of the financial year” have been inserted. New proviso inserted   Provided also that if an individual intends to update his personal mobile number or the email address again at any time during the financial year in addition to the up-dation allowed under the third proviso, he shall update the same by submitting e-form DIR-3 KYC on payment of fees of five hundred rupees If an individual intends to update his personal mobile number or the email address again at any time during the financial year in addition to the up-dation allowed under the third proviso he shall update the same by submitting e-form DIR-3 KYC on payment of fees of five hundred rupees Key updates to Rule 12A include 1.Every individual holding a Director Identification Number (DIN) as of March 31 of a financial year must submit e-form DIR-3 KYC to the Central Government by September 30 of the following financial year. 2.Individuals who have already submitted e-form DIR-3 KYC for a previous financial year can comply for subsequent years by submitting the web-form 3.DIR-3 KYC-WEB. Personal mobile numbers and email addresses can be updated in e-form DIR-3 KYC by September 30 of the financial year. 4. Additional updates to personal mobile numbers or email addresses during the same financial year will require submitting e-form DIR-3 KYC with a fee of five hundred rupees.

Starting a subsidiary company in India can be a great way to expand your business and tap into new marketsA subsidiary company is a company whose control lies with another company. The company that holds the control is termed as a Parent Company or Holding Company. The Holding company owns a majority of the shares of the subsidiary company, and hence it can exercise control as the major shareholder. The holding company holds an interest in the subsidiary company. The company in which the holding company holds 100% share capital is termed as a wholly-owned subsidiary. The subsidiary company can be either established or acquired by the holding company. Subsidiary Company As per Section 2 (87) of the Companies Act 2013, a subsidiary company” or “subsidiary”, in relation to any other company (that is to say the holding company), means a company in which the holding company:  (i) controls the composition of the Board of Directors; or (ii) exercises or controls more than one-half of the total share capital Either at its own or together with one or more of its subsidiary companies:Provided that such class or classes of holding companies as may be prescribed shall not have layers of subsidiaries beyond such numbers as may be prescribed.  Explanation- For the purposes of this clause— (a) a company shall be deemed to be a subsidiary company of the holding company even if the control referred to in sub-clause (i) or sub-clause (ii) is of another subsidiary company of the holding company; (b) the composition of a company’s Board of Directors shall be deemed to be controlled by another company if that other company by exercise of some power exercisable by it at its discretion can appoint or remove all or a majority of the directors; (c) the expression “company” includes any body corporate; (d) “layer” in relation to a holding company means its subsidiary or subsidiaries.   The above definition includes all the below mentioned types of holdings: Company A holds more than 50% of the share capital in Company B. Company A holds the power to appoint or remove the majority of the directors of Company B. Company A holds more than 50 % share capital in Company B; Company B holds more than 50% share capital in Company C, then Company A is Holding company to both B and C. Company X holds rights to modify the structure of directorship of Company Y; Company Y holds similar rights in company Z, then company X is the parent company to both Y and Z. Types of Subsidiaries in India Wholly-Owned Subsidiary- In a wholly-owned subsidiary, the parent company possesses 100% ownership of the subsidiary’s shares. However, it’s important to note that wholly-owned subsidiaries can only be established in sectors that permit 100% Foreign Direct Investment (FDI). Subsidiary Company- In this category of subsidiary, the parent company owns 50% of the subsidiary’s shares. Before proceeding with establishing a foreign subsidiary company in india, obtaining approval from the Reserve Bank of India is a crucial prerequisite. This regulatory step ensures compliance with the country’s foreign investment regulations and safeguards the interests of all stakeholders involved. Registration of a Subsidiary Company Application in the prescribed form: SPICe+ Form, which is an integrated form for the reservation of name and other services, is to be filled for the registration of subsidiary companies.SPICe+ form has two parts: – Part A – Name Reservation (New Companies) Part B: 1. Incorporation of Company 2. Application For DIN 3. PAN and TAN Application 4. EPFO and ESIC Registration 5. GSTIN Application 6. Bank Account Opening 7. Professional Tax Registration(Applicable to Companies in Maharashtra) Document upload a. Company Related – Memorandum of Association and Articles of Association – Proof of Address of registered place of Business that is if the rented property, then rent agreement and if the owned property then copy of ownership documents – Copy of Utility Bills – Copy of resolution passed by the promoter company – Capital Layout of company – Copy of certificate of incorporation in case of foreign corporate b. Directors and Shareholders Related – Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the directors and designated shareholders – Proof of identity and address for Directors and Shareholders – Photographs of Directors and Shareholders – The interest of first directors in other entities. – Declaration by Directors and Shareholders Advantages of Indian Subsidiary Company Entry into the Indian Market- India’s competitive environment offers a plethora of investment opportunities that attract foreign entrepreneurs to establish their subsidiary companies in the country. Foreign Direct Investment (FDI) in India- FDI involves investments by foreign companies in Indian private companies through share subscriptions or acquisitions. In 2020, the Indian government introduced a provision requiring prior approval for investments from countries sharing a border with India, making Indian subsidiary registration an attractive option for foreign investors. Perpetual Succession- The concept of perpetual succession ensures that a company’s existence remains intact regardless of events like changes in management, transfers of membership, or insolvency. The company continues to operate seamlessly, providing stability and continuity. Limited Liability- Limited liability is a significant advantage that encourages individuals to opt for company formation over other business structures. This principle extends to Indian subsidiary companies, protecting the personal assets of shareholders and directors. The company bears responsibility for its debts to third parties, shielding the personal assets of its stakeholders. Scope of Diversification- Establishing an Indian subsidiary company provides a strategic avenue for foreign businesses to expand their operations. This contributes to the growth and development of the Indian economy and introduces a wide range of goods and services, fostering healthy competition. Separate Legal Identity- According to the Companies Act, a company is recognized as a distinct legal entity separate from its shareholders and directors. This legal status empowers the company to engage in agreements with other competent entities as an artificial legal person. It also grants the company the ability to initiate legal actions and respond to allegations before the judicial system in its own name, without direct involvement from its members or directors. Property Ownership and Rental- A subsidiary company, being a legal

Recently, the National Company Law Appellate Tribunal, New Delhi (“NCLAT”) passed a judgment dealing with the provisions of Section 203 of the Companies Act, 2013 (“Act”). The appellants, i.e. the Hamlin Trust, and others (“Appellants”) are shareholders of Rattan India Finance Private Limited (“Company”) holding 50% of the share capital of the Company. LSFIO Rose Investments S.a.r.l., a company incorporated under the laws of Luxembourg (“Respondent”) also acquired the 50% share capital of the Company. In terms of the Articles of Association (“AoA”) of the Company, the Respondent had a right to nominate a person to the position of chief financial officer of the Company (“CFO”). In the event the other shareholders, i.e., Respondent reject the appointment of such nominee to the position of CFO, Appellants shall have the right to nominate another person to the position of CFO. Further, in the event the Respondents reject the appointment of the second such person nominated by Appellants to the position of the CFO or at least (forty-five) days have passed since the position of CFO was vacated (whichever is earlier), Appellants shall have the right to nominate any person to the position of CFO and the Respondent shall support the appointment of such person as CFO. Definition of KMP Under the Companies Act, 2013 Section 2(51) of the Act defines Key Managerial Personnel (KMP). It states that the KMP of a company means: Chief Executive Officer, manager or Managing Director Company secretary Whole-Time Director Chief Financial Officer Such other officers, designated by the Board as KMP but are not more than one level below the directors in whole-time employment Such other officer as may be prescribed Chief Executive Officer, Manager or Managing Director The Chief Executive Officer and Managing Director are responsible for running the company. The Managing Director has authority over all company operations. They are also responsible for growing and innovating the company to a larger scale.  Under the Act, the Managing Director is defined as a director having substantial powers over the company management and its affairs. A Managing Director is appointed through any of the following means: By the Articles of Association  An agreement with the company  A resolution passed in a general meeting  By the company board of directors The Act defines a manager as the individual who manages the whole company affairs, subject to the board of directors’ direction, control and superintendence. A manager also includes a director or a person occupying a manager position in a company, even under a contract of service. However, a company cannot appoint a managing director and a manager at the same time. Company Secretary A company secretary is responsible for looking after the efficient administration of the company. They take care of the company’s compliance and regulatory requirements. They also ensure that the instructions and targets of the board are implemented.  As per the Act, a company secretary or secretary means a company secretary defined under Section 2 of the Company Secretaries Act, 1980. The Company Secretaries Act defines a Company Secretary as a person who is a member of the Institute of Company Secretaries of India (ICSI). The company secretary should ensure that the company complies with secretarial standards. Whole-Time Director  Under the Act, a Whole-Time Director is defined as a director who is in whole-time employment of the company. A Whole-Time Director means a director who works during the entire working hours of the company. They are different from an independent director as they are part of the daily operation and has a significant stake in the company. A Managing Director can also be a Whole-Time Director. Chief Financial Officer A Chief Financial Officer is responsible for handling the company’s financial status. They keep a tab on cash flow operations, create contingency plans for financial crises and do financial planning. They lead the treasury and financial functions of the company. Companies Required to Appoint KMP Section 203 of the Act provides that certain classes of companies must appoint the KMP, which includes the Managing Director or manager or Chief Executive Officer, company secretary and Chief Financial Officer. The company must appoint a whole-time director if it does not have a Chief Executive Officer, manager or Managing Director. Rule 8 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 provides the class of companies that must appoint the whole-time KMP, which are as follows: Every listed company A public company having a paid-up share capital of Rs.10 crore or more Further, a private company having a paid-up share capital of Rs.10 crore or more must appoint a whole-time company secretary.  Every whole-time KMP is appointed through a resolution of the board containing the conditions and terms of appointment, including remuneration. A whole-time KMP must not simultaneously hold office in more than one company except its subsidiary company. The board is responsible for filling the vacancies in the post of KMP within six months of the vacancy. A company can appoint or re-appoint a person as its managing director, whole-time director or manager for a maximum of five years. Roles and Responsibility of KMP The KMPs will be liable for non-compliance of the provisions provided under the Companies Act,2013. The management functions and the decisions of the company are the responsibility of the KMPs. As per section 170,detailed information of securities will be provided by KMPs and recorded in the register of the company. In the audit committee, the right to heard will be provided to KMPs while considering the audit report. But they don’t have the right to vote. AS per section 189(2), KMPs will disclose all their concerns and interest within 30 days of their appointment. Disqualifications for being KMP Section 196(3) of the Companies Act,2013 states that a company shall not appoint or continue the employment of a managing director, whole-time director, or manager  if such person: Not completed age of 21years or exceeds the age of 69 years. Is an uncharged insolvent or adjudged as an insolvent. Record of holding payments from creditors. Convicted

NABARD is a development financial institution in India that manages credit-related concerns like planning, policy, and operations for agriculture and rural undertakings. National Bank for Agriculture and Rural Development (NABARD) offers funds and credit facilities for agriculture-related activities and rural development. Its prime focus area is the growth and development of rural areas nationwide. NABARD works around three main areas that include finance, development, and supervision of the agriculture sector. Dairy Farming Scheme – The Prime Minister Animal Husbandry Scheme is a central government scheme. The main objective of the scheme is to promote dairy farming in India and to make it a viable and sustainable livelihood option for small and marginal farmers. The Prime Minister Animal Husbandry Scheme provides financial assistance to eligible farmers for the purchase of dairy cattle, construction of sheds and other infrastructure, and training. Under the scheme, each eligible farmer will be provided with a subsidy of up to ₹2 lakhs for the purchase of two dairy cows or buffaloes. In addition, a subsidy of ₹1 lakh will be provided for the construction of a shed and other infrastructure, and ₹50,000 for training. The total outlay for the scheme is ₹500 crores. The scheme is open to all Indian citizens who are small and marginal farmers with less than 2 hectares (5 acres) of landholding. Farmers can apply for the scheme through the online portal of the National Dairy Development Board (NDDB). Dairy Farming Plan Dairy farming is an important part of the agricultural sector in India. According to recent reports, the country has the world’s largest cattle population with 178 million cows and buffaloes. In order to increase milk production and improve the livelihoods of smallholder farmers, the National Bank for Agriculture and Rural Development (NABARD) has launched a new scheme called the Dairy Farming Plan. Under this scheme, NABARD will provide financial assistance to state governments and dairy cooperatives for the construction of new dairy plants and the upgrading of existing ones. The aim is to help India achieve self-sufficiency in milk production by. In addition, NABARD will also set up a ₹5,000 crore Dairy Infrastructure Fund to finance projects such as the construction of milking parlors, storage facilities, and chilling units. The scheme is expected to benefit 3 million smallholder farmers and create employment opportunities for 1.5 million people. NABARD Subsidy for Dairy To promote setting up of modern dairy farms for the production of clean milk To encourage heifer calf rearing thereby conserve good breeding stock To bring structural changes in the unorganized sector so that initial processing of milk can be taken up at the village level itself. To bring about up-gradation of quality and traditional technology to handle milk on a commercial scale To generate self-employment and provide infrastructure mainly for unorganized sector. NABARD Dairy Farming Subsidy Eligibility The following types of persons and association of persons are eligible for receiving the NABARD Dairy Farming Subsidy: Farmers Individual Entrepreneurs NGOs Companies Groups of unorganized and organized sector etc. Groups of the organized sector include Self Help Groups, Dairy Cooperative Societies, Milk Unions, Milk Federations, etc. However, an individual will be eligible to avail the dairy subsidy for all the components under the scheme but only once for each component. Further, if more than one member of a family must avail the dairy farming subsidy, they must set up separate units with separate infrastructure at different locations. The distance between the boundaries of two such farms should be at least 500m. Beneficiaries of Dairy Farming Scheme Eligible beneficiaries include small and marginal farmers, landless laborers, women farmers, and members of scheduled castes/scheduled tribes. Farmers can avail up to 90% loan amount as subsidy from NABARD. The interest rate on the loan is 4% per annum. The maximum loan amount under the scheme is ₹3 lakhs. The repayment period is 5 years with a grace period of 1 year. NABARD also provides insurance cover for livestock purchased under the scheme. Loan Giving Institutions Under Dairy Farming Scheme Loan giving institutions under Dairy Farming Scheme are as follows:- The Rural Development Banking and Finance Corporation (RBFC) The National Cooperative Development Corporation (NCDC) The Agriculture and Rural Development Bank (ARDB) NABARD Dairy Farming Subsidy Schemes Type: Establishment of small dairy units with crossbred cows/ indigenous descript milch cows like Sahiwal, Red Sindhi, Gir, Rathi etc / graded buffaloes up to 10 animals. Investment: Rs 5.00 lakh for 10 animal unit – minimum unit size is 2 animals with an upper limit of 10 animals. Subsidy: 25% of the outlay (33 .33 % for SC / ST farmers, ) as back-ended capital subsidy subject to a ceiling of Rs 1.25 lakh for a unit of 10 animals ( Rs 1.67 lakh for SC/ST farmers,). A maximum permissible capital subsidy is Rs 25000 ( Rs 33,300 for SC/ST farmers )for a 2 animal unit. The subsidy shall be restricted on a pro-rata basis depending on the unit size. Type: Rearing of heifer calves – cross bred, indigenous descript milch breeds of cattle and of graded buffaloes – up to 20 calves. Investment: Rs 4.80 lakh for 20 calf unit – the minimum unit size of 5 calves with an upper limit of 20 calves. Subsidy: 25% of the outlay (33.33 % for SC / ST farmers) as back-ended capital subsidy subject to a ceiling of Rs 1.20 lakh for a unit of 20 calves ( Rs 1.60 lakh for SC/ST farmers). A maximum permissible capital subsidy is Rs 30,000 ( Rs 40,000 for SC/ST farmers) for a 5 calf unit. The subsidy shall be restricted on a pro-rata basis depending on the unit size. Type: Vericompost (with a milch animal unit .To be considered with milch animals and not separately ). Investment: Rs. 20,000/- Subsidy: 25% of the outlay (33.33 % for SC / ST farmers)as back-ended capital subsidy subject to a ceiling of Rs 5,000/- ( Rs 6700/- for SC/ST farmers,). Type: Purchase of milking machines /milk testers/bulk milk cooling units (up to 2000 lit capacity). Investment: Rs 18 lakh. Subsidy: 25% of the outlay

The Employment – Unemployment Survey of 2011-12, presented by the National Sample Survey Office (NSSO), the total workforce of India is 474.23 million. However, out of this total workforce, only 8 per cent belong to the formal sector, and the remaining 92 per cent are working in the informal sector. Additionally, 60 percent of the growth of GDP is due to the contribution of these informal sector workers.  According to the Indian Constitution, the Government of India is required to create employment opportunities and ensure that all workers (formal and informal sectors) have access to a reasonable standard of living that includes all socioeconomic and other welfare opportunities. Adhering to the Constitution of India, the Indian Government in the year 1948, right after independence, introduced legislation named the Minimum Wages Act of 1948. The legislative intent behind the Act was to make sure that workers in the informal sector receive at least a minimum amount of money as wages to avoid exploitation. However, before this Act, the Payment of Wages Act of 1936 was introduced. The Act made efforts so that informal sector workers could be linked with mainstream development by providing minimum wages, which can be utilised to increase living standards and benefit social development schemes.  Payment of Wages Act, 1936 Since labourers and workers constituted the oppressed class, the concern of arbitrary deductions from wages and payments of wages that were not uniform was not given much attention. However, in 1925, a private Bill known as the Weekly Payment of Wages Bill was presented in the Legislative Assembly that dealt with these issues. However, at that time, the government rejected the Bill by claiming that the problem was already under assessment. The Indian Government maintained a connection with the regional or state-level administrations in 1926. It encouraged them to look into and gather the necessary data, materials, etc., about the challenges, as mentioned earlier, faced by the oppressed classes, specifically workers and labourers. The information gathered made it clearly evident that the problems, which included the employers’ arbitrary deduction of large amounts of money from wages and the inconsistent and delayed distribution of payments, which left workers in the most precarious of circumstances, were quite real. The Royal Commission on Labour was established in 1929 under the chairmanship of John Henry Whitley. The commission was established to investigate and evaluate the current working conditions in factories and other production sites in pre-independent India. The Commission provided the data collected from the provincial governments in British India. It was given the responsibility to do extensive research on the physical and mental well-being, productivity, access to health services, and living standards of the workforce, as well as on the relationships between employers and employees. Also, the Commission had to offer suggestions for the betterment of the workers. The Government of India collected information from the provincial governments.  The report by the Royal Commission on Labour (1929) covered a wide range of problems faced by workers in various manufacturing facilities, including textiles, leather goods, underground mining, steam engines, and silvicultural factories, as well as employees engaged in public service departments. It covered nearly all of the problems that employees experience, from low pay, long working hours, and no leave considering bad health and well-being, no accommodation, lack or absence of trade unions, the establishment of workmen’s compensation fund, industrial disputes, etc. The report is so thorough that almost all worker welfare legislation and economic laws currently in existence, such as the Trade Union Act of 1926, the Industrial Disputes Act of 1947, the Payment of Wages Act of 1936, and the Minimum Wages Act of 1948, etc. Definition of Wages The term wages has been defined as all remuneration (whether by way of salary, allowances, or otherwise) payable to a person employed in respect of his employment or of work done in such employment. Under the Payment of Wages Act, wages include: Any remuneration payable under any award or settlement between the parties or order of a Court; Any remuneration to which the person employed is entitled in respect of overtime work or holidays or any leave period; Any additional remuneration payable under the terms of employment (whether called a bonus or by any other name); Any sum which by reason of the termination of employment of the person employed is payable under any law, contract or instrument which provides for the payment of such sum, whether with or without deductions, but does not provide for the time within which the payment is to be made; Any sum to which the person employed is entitled under any scheme framed under any law for the time being in force, but does not include: Any bonus (whether under a scheme of profit sharing or otherwise) which does not form part of the remuneration payable under the terms of employment or which is not payable under any award or settlement between the parties or order of a Court; The value of any house-accommodation, or of the supply of light, water, medical attendance or other amenity or of any service excluded from the computation of wages by a general or special order of the appropriate Government; Any contribution paid by the employer to any pension or provident fund, and the interest which may have accrued thereon; Any travelling allowance or the value of any travelling concession; Any sum paid to the employed person to defray special expenses entailed on him by the nature of his employment; or Any gratuity payable on the termination of employment. Due Date for Salary Payment and Wages As per the provisions of the Payment of Wages Act, 1936, wages need to be paid to employees before the expiry of the 7th day of the last day of the wage period, where number of employees are less than 1000. In case the number of employee is less than 1000, wages must be paid before the expiry of the 10th day of the last day of the wage period. Further, wages must be paid only on working day and not on holiday. In case employment

NeoGrowth, a digital lender in India, has significantly supported women-run MSMEs by disbursing over Rs 650 crore in loans in 2024, a 34 per cent increase from the previous year. This initiative, which represents 23 per cent of NeoGrowth’s total loan disbursements, aims to enhance financial inclusion by providing easier access to credit for women entrepreneurs in sectors like retail, healthcare, and education. The firm provides financial support and advisory services to women entrepreneurs and women-owned MSMEs , boosting their business growth and contributing to economic empowerment. Focusing on women-run MSMEs bridges the gender gap in entrepreneurship and fosters a more inclusive economic landscape promoting gender equality. The NeoGrowth Impact Report 2024 shows over 3,600 women-owned MSMEs received business loans, serving over 16,000 customers, highlighting their crucial role in fostering an inclusive economy. NeoGrowth aligns its business activities with six UN Sustainable Development Goals, focusing on Gender Equality, Industry, Innovation, and Decent Work. Its credit solutions support India’s MSME growth, promotion of job creation, improved credit scores, and female entrepreneurship. NeoGrowth Supports Women MSMEs with INR 650 Crore in Loans NeoGrowth, an online lender in India that specializes in MSMEs, has gone a long way toward empowering female business owners. More than INR 650 crore in loans were distributed to micro, small, and medium-sized enterprises (MSMEs) managed by women in the fiscal year 2024. The result shows a significant 34% rise compared to the previous fiscal year, which underscores the increasing demand for financial inclusion for women entrepreneurs and NeoGrowth’s dedication to meeting that demand. This sum accounts for 23 percent of NeoGrowth’s total loan disbursements for fiscal year 2024, which were INR 2,863 crore. Effect on MSMEs Run by Women Over 3,600 micro, small, and medium-sized enterprises (MSMEs) that are run by women profited from these business loans, as stated in the NeoGrowth Impact Report 2024. The organization asserts that it provided services to a customer base that numbered more than 16,000 throughout the fiscal year. The corporation acknowledges that women-owned enterprises have played an essential part in the company’s broader purpose of promoting an inclusive economy. Sustainable Development Goals This broader commitment to contributing to societal and environmental progress is shown in the fact that NeoGrowth’s commercial activities are aligned with six of the Sustainable Development Goals (SDGs) put forth by the United Nations. Particular attention has been paid by the organization to important Sustainable Development Goals (SDGs), such as Gender Equality, Industry, Innovation, Infrastructure, and Decent Work and Economic Growth. In addition to contributing to broader societal and environmental goals, the strategy of NeoGrowth is aimed to ensure that its credit solutions contribute to the growth of India’s micro, small, and medium-sized enterprises (MSMEs). This all-encompassing strategy guarantees that every loan that is provided will have a good domino effect, resulting in the development of new jobs, improvements in credit scores, and increased opportunities for female entrepreneurs. Growth Strategies Additionally, the company achieved considerable progress in assisting micro, small, and medium-sized enterprises (MSMEs) in Tier-II cities by disbursing close to INR 835 crore in these areas. Furthermore, emerging small firms that have been in operation for five years or less were the recipients of 41% of the total loans that NeoGrowth has advanced up to this point. NeoGrowth is committed to supporting entrepreneurs who are frequently ignored by established financial institutions, as seen by the fact that the company focuses on newer enterprises and regions that offer inadequate services. It was emphasized by Arun Nayyar, the Managing Director and Chief Executive Officer of NeoGrowth, that the company’s objective is to establish a sustainable, inclusive, and purpose-driven ecosystem for micro, small, and medium-sized enterprises (MSMEs) in India. The organization’s consistent dedication to developing financial inclusion, empowering first-generation entrepreneurs, and providing support to firms run by women all contribute to the development of an economy that is both vibrant and inclusive. In addition to catering to more than 75 different MSME industry segments, NeoGrowth asserts that it has a presence in more than 25 communities. Over $1.4 billion has been distributed by the company since it was first established. As India charts its course towards becoming a developed nation by 2047, the role of Micro, Small, and Medium Enterprises (MSMEs) is pivotal. Recognizing this, the Indian government has launched several impactful schemes to empower MSMEs, driving innovation, sustainability, and global competitiveness. Initiatives such as the Prime Minister’s Employment Generation Programme (PMEGP), Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), and the Zero Defect, Zero Effect (ZED) Certification Scheme are not only providing financial support but are also encouraging quality manufacturing and technological advancement. These schemes are designed to enhance productivity, expand market reach, and ensure that MSMEs play a central role in transforming India into a developed economy by its 100th year of independence. Prime Minister Narendra Modi envisions the MSME sector as a backbone of India’s economic growth and a key driver of employment generation. Recognising the vital role of MSMEs in contributing to the GDP, fostering innovation, and creating jobs, Modi’s vision emphasises making MSMEs globally competitive through the adoption of technology, ease of doing business, and increased access to finance. The Modi government has introduced numerous initiatives, such as the Digital India campaign and the Make in India program, specifically targeting MSMEs to enhance their productivity and market reach. Modi’s vision also includes promoting self-reliance among MSMEs by reducing dependence on imports, thereby boosting domestic manufacturing capabilities. By ensuring simplified compliance, encouraging digital transformation, and providing various support schemes, Prime Minister Modi aims to strengthen the MSME sector, enabling it to be a powerful pillar in India’s journey towards becoming a $5 trillion economy. FAQs What is NeoGrowth? NeoGrowth is a digital lender in India that offers loans to Micro, Small, and Medium Enterprises (MSMEs). It focuses on helping businesses access fast and flexible financial solutions, particularly those underserved by traditional banking systems. What types of businesses are eligible for NeoGrowth loans? NeoGrowth provides loans to a wide range of MSMEs, including retail businesses, restaurants, healthcare providers, and educational institutions. Women entrepreneurs in these sectors can

A current account, also known as financial account is a type of deposit account maintained by individuals who carry out significantly higher number of transactions with banks on a regular basis. It is created by the bank on request of the applicant and is made available for frequent or immediate access. Current accounts relate to liquid deposits and it offers a broad range of customized options to aid financial dealings. Current accounts also allows to make payments to creditors through the cheque facility offered by the bank. Generally, current accounts do not provide interests and requires a higher minimum balance when compared to savings account. However, the greatest advantage of current bank account is that, account holders can easily avail overdraft facility up to an agreed limit. Features of a Current Bank Account A current bank account is one of the primary requirements for starting a business. These days, banks offer a number of attractive offers and benefits on current accounts to match the diversified needs of businesses. Listed below are some of the basic features of a current bank account: A current account allows transactions beyond the scope of a savings account Compared to savings account, a current account requires a higher minimum balance It is designed to facilitate frequent transactions – transfer funds, receive cheques, cash, etc. A current account can be operated by individuals, proprietary concerns, public and private companies, associations, trusts, etc. No restriction on the number of transactions in a day Non-maintenance of the minimum balance can attract penalty charges Just like savings account, KYC guidelines are to be followed even for current accounts For a single business, there cannot be multiple current accounts The prime objective of current account is to facilitate smooth transactions for businesses Nowadays, some banks offer interest rates on current accounts as well Current accounts charge interests on short-term funds the account holder has borrowed from the bank Features of HDFC Current Account Current account is designed to enable businessmen and self-employed professionals to conduct their business transactions efficiently. Current accounts include free cash deposits and free cash withdrawals at home location with a specified limit of Rs. 2 lakhs. Current accounts are non-interest bearing accounts and need a higher minimum balance to be maintained as compared to the savings account. Current account holders can easily avail overdraft facilities, internet banking and mobile banking. HDFC Bank Current Account Products S.No. HDFC Bank Current Account HDFC Bank Current Account minimum average monthly Balance (AMB)  Non-Maintenance Charges Cash Deposit Requirement 1. Ultima Current Account Rs. 20 Lakhs per quarter Rs. 10,000/- per quarter Free cash deposit of Rs.200 Lakhs or 8 times the maintained Average Monthly Balance (AMB) 2. Supreme Current Account Rs. 1 Lakh per qtr. – Urban/Metro & Rs. 40,000 per qtr. -Semi-Urban/Rural Rs. 3,000 per quarter Free cash deposit of Rs.10 Lakhs or 10 times the maintained Average Monthly Balance (AMB) 3. Apex Current Account Rs. 10 Lakh per quarter Rs. 5,000 if AQB is more than Rs. 5 Lakh and Rs. 10,000 if AQB is is less than Rs. 5 Lakhs Free cash deposit of Rs. 120 Lakhs per month or 10 times the maintained Average Monthly Balance (AMB) 4. Ezee Current Account Rs. 50,000 per qtr. – Urban/Metro & Rs. 25,000 per qtr. -Semi-Urban/Rural Rs. 900 per quarter Free cash deposit of Rs. 4 Lakhs per month or 6 times the maintained Average Monthly Balance (AMB) 5. Max Current Account Rs. 5 Lakhs per quarter Rs. 3,000 if AQB is more than Rs. 2.5 Lakh and Rs. 8,000 if AQB is is less than Rs. 2.5 Lakh Free cash deposit of Rs. 60 Lakhs per month or 10 times the maintained Average Monthly Balance (AMB) 6. Agri Current Account Rs. 10,000 half-yearly balance Rs. 1,500 per half year if below Rs. 10,000 Free cash deposit of Rs. 10 Lakh per month or 25 transactions the maintained Average Monthly Balance (AMB)   Plus Current Account   Rs. 1 Lakh per quarter Rs. 1,500 if AQB is more than Rs. 50,000 and Rs. 6,000 if AQB is less than Rs. 50,000 Free cash deposit of Rs.10 Lakh per month or 50 transactions the maintained Average Monthly Balance (AMB) 8. Current account for hospitals and nursing homes   Rs. 40,000 Rs. 2,400 per quarter, if AQB below Rs. 40,000 Rs. 10 Lakhs free per month or 50 transactions of the maintained Average Monthly Balance (AMB) 9. Trade Current Account   Rs. 40,000 per quarter Rs. 2,400 per quarter Rs. 5 Lakhs free per month or 40 transactions of the maintained Average Monthly Balance (AMB) 10. Current Account for Professionals   Rs. 10,000 Rs. 1500 per quarter, if AQB below Rs. 10,000 Up to Rs. 10 lakhs free per month or 25 transactions 11. Premium Current Account Rs. 25,000 per quarter Rs. 1,800 per quarter Free up to Rs.3 lacs per month or 25 transactions 12. Merchant Advantage Plus Current Account   Rs. 100,000/- Rs 1,000 per month Free up to 4 times current month POS value per month or 50 transactions 13. Regular Current Account   Rs. 10,000/- Charge of Rs.1500/- per quarter Free up to Rs.2 lacs per month or 25 transactions 14. Merchant Advantage Current Account   Rs. 25,000/- Rs 600 per month Free up to 4 times current month POS value per month or 25 transactions 15. Flexi Current Account   Rs. 75,000 per month Rs. 1,000 per month Free up to 10 times the current month AMB or 50 transactions 16. Government/Institutional Current Account   Nil Ni006C Free up to Rs.50 lac per month or 50 transaction 17. Smart Up solution for Start-Ups   SmartUp Alpha: Zero balance for first year and Rs. 25,000 from year 2. SmartUp Max: Rs. 500,000 N/A N/A 18. Ascent Current Account   Metro and Urban – Rs. 50,000 per quarterSemi urban and rural – Rs 25,000 per quarter Rs.3000 10 times of current month AMB (upper cap 50 CR) 19. E-comm Current Account   Rs. 25,000 per quarter A charge of Rs. 1800 per quarter Rs.3 Lacs free per month or 6 

A service offered by NITI Aayog called NGO Darpan enables VOs (village organisations) and NGOs (non-governmental organisations) to qualify for new government grants and programmes. To improve ties between the government and nonprofit organisations, this platform collaborates with the NIC and NITI Aayog.   Additionally, completing the NGO Darpan registration process gives non-profit organisations additional accountability and legitimacy. The portal has completely developed into an e-governance tool that supports the development of a trusting and productive relationship between the government and NGOs. In addition, any NGO or VO that has been registered as a society, trust, or private non-profit under Section 25 of the Companies Act, 2013 or 1956 is eligible to apply for NGO Darpan registration. NGO DARPAN is a free facility provided by the NITI Aayog. It is done to help NGO and voluntary organizations to keep them updated about new government schemes as well as grants. This platform is collaboration by the NITI Aayog and the National Informatics Center. It will help build a bond between the NGO and the government. Moreover, after obtaining NGO DARPAN registration, the registration process gives NGO more accountability and creditability. The portal which was started under the PMO has now shifted the management to the NITI Aayog, with help and guidance from the Ministry of Electronics as well as IT. After doing so the portal has become an e-governance application which helps to promote transparent and healthy relationship between the NGO & governments. What is NGO Darpan Portal? The NGO Darpan (NGO-PS) is an interface between VO, NGOs and critical government ministries, departments and bodies. It is a portal offered by the NITI Aayog to bring about a significant partnership between the government and the voluntary sector and foster better efficiency, transparency and accountability. The NGO Darpan portal will help NGOs and the government to create stronger collaborations. It has evolved into an e-governance tool aiding in developing a healthy and transparent interaction between the government and NGOs. An NGO can get the latest information about new programmes and projects through the NGO Darpan portal. It also provides updates on the government’s previous projects. Who can Register on NGO Darpan Portal? NGOs VOs Charitable Society Charitable associations Charitable trust Section 8 companies Checklist for NGO Darpan Registration Time Taken: NGO Darpan is usually registered within 1 week from the date of submission of documents. In case there is objection raised, that may lead to delays. Eligibility: Non-Governmental Organization:An NGO under section 25 of the Companies Act can carry out the above form of activities. Voluntary OrganizationsVoluntary Associations, Non-Governmental Organizations which are occupied with open administration for religious, social, financial, political, charitable or innovative contemplations. AssociationsThere are various types of Voluntary organizations, which can be incorporate formally and additionally, casual gatherings. It can be of group-based associations, non-administrative improvement associations, beneficent associations, bolster associations, systems or alliances of such association, and expert participation affiliations. Society Trust Section 8 Companies Benefits of NGO Darpan Registration in India Helps NGOs and other volunteer organisations to interact and engage with Government departments. Obtain a unique ID that helps improve the credibility and goodwill of the NGO. Department and Ministry websites will coordinate with the NGO DARPAN to share vital information. Enables the seamless flow of data from the government to various NGOs around the country. Updated information regarding new schemes, projects, and the progress of earlier initiatives. Departments will use this platform to understand more about NGOs before considering their appeals. Helps in the creation of a database or repository of information regarding VOs/NGOs. Documents Required Copy of the registration certificate as a PDF or JPG Pan Card of NGO PAN and Aadhaar card copies of 3 members in the executive committee Name of NGO/VO NGO registration online address Registration number Date of registration Details of three members who are on the executive committee Details about funding from the government and chief area of working NGO Darpan Registration Process Step 1: Visit the NGO Darpan’s official website.  Step 2: Click on the ‘Login/Register’ button on the homepage. Step 3: Click on the ‘Sign Up’ option.  Step 4: Enter the name of the NGO/entity, mobile number and email and click on the ‘Submit’ button. Step 5: Enter contact person name, mobile number and email. Enter the OTP and click on the ‘Submit’ button. Step 6: Enter the PAN of the NGO/entity.  Step 7: Create a password and sign in to the portal. Step 8: Enter the NGO/entity details, such as name, PAN, address, email, registered with, registration number, registration validity, FCRA details and click on the ‘Save’ button. Step 9: Enter the member details, such as name, date of birth, designation, mobile number, and Aadhaar number and click on the ‘Save’ button. Step 10: Enter the details about the source of funds, key contact information, and working area and click on the ‘Save’ button. A message will be displayed when the account is 100% complete. Step 11: After completion of the profile, the NGO Darpan portal administrator will verify the documents and send an email to the applicant to generate a unique ID.  Step 12: Sign in and generate the unique ID after receiving the email. FAQs Is it mandatory for an NGO to do NGO Darpan Registration? Completing NGO Darpan Registration is mandatory in order to possess any credibility as a non-profit organisation and to be eligible for new government schemes and grants. What is the validity of the Darpan registration? Darpan registration is a one-time requirement. You have to register only once and it doesn’t need any renewals.

A nativity certificate is an official statement provided to the citizen by the state government certifying the Indian origin of an applicant who is or whose relations such as parents/grandparents etc lived in that particular state.   It is used for availing quotas at the educational level, for applying for Government jobs, permitting students to apply for scholarship schemes, etc.  If Nativity Certificate is required for outside State Purposes, the certificate will be issued from Taluk(s) Office. If Nativity Certificate is required for State Purposes, the certificate will be issued from Village(s) Office. Certificate required for Defence Purpose issued from District(s) Benefits of Obtaining Nativity Certificate To show residence in a particular state of the country To get admission in a specific state university course (where seats are reserved for only state residents) To prove the claim for a ration card To avail quotas in educational level To apply for Government jobs To apply for scholarship schemes Eligibility Resident of Kerala Proof of continuous residence for five years or more Documents Required to Apply for Nativity Certificate Birth Certificate or 10th Certificate Ration card School certificates of Parents Application form (nativity certificate) Address proof (passport, voter card, ration card, electricity bill, water bill, telephone bill) Aadhaar Card, Mobile Number, Email ID is mandatory for e-District portal registration. Apply Nativity certificate online in e-District Portal Step 1: Go to the e-District Kerala website. Step 2: Register in this e-district website by clicking on Portal user registration. Step 3: The page will redirect to the next page. Enter the details; Select the login name and password. The applicant has to select the password recovery question and answer for this. Step 4: Enter the shown case sensitive characters. Click on validate and register. Step 5: Now, the applicant can log in into the portal using the username and password. Step 6:  This proceeds by clicking the menu ‘one-time registration’. Enter all details and click on the duplicate button. This will find out if the applicant has already registered through Akshaya Centers or so and enable them to pick details. After the successful duplicate check, the ‘submit’ button will be enabled. Step 7:  Click the submit button to register. The ‘Edit Registration’ option will edit the registered details. Step 8: Click applicant registration the link will go to the next page. Click on duplicate, and the system will automatically check the duplicate application. Click on “Submit”. Step 9: After registering the application the applicant can click on “apply for certificate” and then click on get started. Applying online is a 3 stage process Fill in application details Upload supporting documents Make payment and generate acknowledgement (Receipt) Step 10: Enter e-District register number and select certificate type (Nativity certificate). Select the certificate purpose.Step 11: Religion category nativity to be entered. Step 12: Enter the applicant name and select self from relationship drop-down menu. Step 13: Click on save.  Then the applicant will be led to the “attach document” section. Step 14: Upload certificates like Ration card, Affidavit, Nativity certificate of relation, School certificate, Aadhaar card. Note: Attach PDF documents only. Full size of maximum 100KB per page. Step 15: Once the applicant has uploaded all the documents, they can make payment. Go through this detail and click on payment. Registration number Certificate type Payment of the total amount Step 16: The applicant can pay the fee by Net banking, Debit card payment, Credit Card Payment, Cash-card prepaid, wallets or IMPS. Step 17: When the applicant makes a successful payment, they will be redirected to the receipt page. They can take a print out of this receipt and application. Step 18: The applicant can check the Status on “transaction history” on the left tab. After receiving a “certificate issued” SMS on the mobile number login into eDistrict and take a print out. Processing Time Time Frame to issue the certificate is 5 days from the date of application. Validity Nativity certificate holds lifelong validity. FAQs What is a Nativity Certificate? A Nativity Certificate is an official document issued by the government that certifies an individual’s place of birth or origin. It is commonly required for various purposes, including applying for government jobs, scholarships, or admission to educational institutions. Who can apply for a Nativity Certificate in Kerala? Any resident of Kerala who needs to prove their place of birth or residence can apply for a Nativity Certificate. This includes both native Keralites and individuals who have been residing in Kerala for a significant period.