RuPay Card – India's Domestic Card Payment Network RuPay Card – Basic Information ParticularsDetailsNameRuPay CardFull Form / MeaningThe name RuPay is derived from “Rupee” + “Payment”, representing India’s own payment…
Unified Payments Interface (UPI) – At a Glance ParticularDetailsFull FormUnified Payments Interface (UPI)CategoryReal-Time Digital Payment SystemDeveloped ByNational Payments Corporation of India (NPCI)Parent OrganizationNational Payments Corporation of India (NPCI)Regulatory AuthorityReserve Bank…
What is NPCI (National Payments Corporation of India)? The National Payments Corporation of India (NPCI) is an umbrella organization responsible for operating and managing retail payment and settlement systems in…
Although both Acts regulate India's banking and financial system, they have different objectives and functions. The Reserve Bank of India Act, 1934 establishes and regulates the Reserve Bank of India…
Section 2 – Definitions Section 2 of the Payment and Settlement Systems Act, 2007 defines the important terms used throughout the Act. These definitions help in understanding the provisions of…
Payment SystemIntroductionMode of PaymentSettlement SpeedAvailabilityTransaction LimitBest Used ForCashCash is the oldest and most widely used payment method. It involves the physical exchange of currency notes and coins issued by the…
What is a Payment System? A payment system is a system or method used to transfer money from one person, business, or organization to another. It helps people make and…
ParticularDetailsNameNational Company Law Tribunal (NCLT)Hindi Nameराष्ट्रीय कंपनी विधि अधिकरणNatureQuasi-Judicial BodyEstablished On1 June 2016Established UnderCompanies Act, 2013JurisdictionEntire India (Government of India)Parent MinistryMinistry of Corporate Affairs (MCA)HeadquartersNew DelhiType of BodyTribunal (not a…
Difference Between Limited Liability Partnership (LLP) and Company Detailed Notes (English) – Comparative Table Introduction Both Limited Liability Partnership (LLP) and Company are separate legal entities incorporated under Indian law.…
Section 2 – Definitions under the Limited Liability Partnership Act, 2008 Introduction Section 2 of the Limited Liability Partnership Act, 2008 contains the definitions of important terms used throughout the…
