Authorized Money Changers
by Authorised Money Changers/ AMCs are entities who are authorised by the Reserve Bank of India as per Section 10 of the Foreign Exchange Management Act …
Tag: SECURITY ANALYSIS AND INVESTMENT MANAGEMENT
Convertibility of rupee; Current account convertibility, Capital Account Convertibility
Convertibility of rupee In 1991-92 the GOI adopted a dual exchange rate system under which the official rate of exchange was controlled and the market …
Foreign Currency Accounts: Nostro Account, Vostro Account and Loro Account in foreign transactions
Foreign Currency Account (FCA) is a transactional account denominated in a currency other than the home currency and can be maintained by a bank in …
Interest Rate Parity (IRP)
Interest rate parity (IRP) is a theory according to which the interest rate differential between two countries is equal to the differential between the forward …
International Fisher Effect (IFE)
The international Fisher effect (sometimes referred to as Fisher’s open hypothesis) is a hypothesis in international finance that suggests differences in nominal interest rates reflect …
Exchange Rate System prior to IMF
Gold currency Standard, Gold Bullion standard The gold standard is a monetary system where a country’s currency or paper money has a value directly linked …
Fixed and Floating Exchange rate system
Functions of Foreign Exchange Market Transfer Function: Foreign exchange market transfers purchasing power between the countries involved in the transaction. This function is performed through …
Conversion of other form of Business organization of LLP
The Limited Liability Partnership Act of 2008 introduced Limited Liability Partnerships (LLP) in India to provide flexibility for small enterprises, promote the service sector and …
Incorporation of LLP, Effects of Registration of LLP
The concept of the Limited Liability Partnership (LLP) was introduced in India in 2008. An LLP has the characteristics of both the partnership firm and …
Definition of Consumers, Complainant, Defect, Deficiency
Consumers As per Section 2(7) of the 2019 Act, consumer is any person who buys goods or avails any service for a consideration and includes …
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