Leadership Development...
is the key to 21st. Century Success in business. Harness the power of your peers to help you develop your employees, managers & successors!
| D-I-Y Strategic Planning...
allows you to make strategic decisions about your company's direction every time - all with the help of your peers!
| You'll Make Better Decisions...
when your ideas are challenged and your assumptions tested, continually and strategically - by a caring group of your peers!
|
|
Rbi Bans Nbfcs From Real Estate Speculation
By indiarealestate
After making it difficult for banks to lend to real estate, the Reserve Bank of India (RBI) has placed restrictions on finance companies investing in real estate, reports Economic Times.
RBI on Thursday released new norms for finance companies that restrict them from speculating in property. The policy will enable RBI to monitor the market exposure of finance companies on a monthly basis.
The central bank has recast its rule book for finance companies by coming out with two sets of regulations, one for finance companies with deposits and another for those not availing of public deposits.
The guidelines strive to distinguish asset finance companies from loan and investment companies among the deposit-taking NBFCs.
Under the new norms, finance companies which accept public deposits can not invest more than 10% of their net worth in land or property, except for its own use. At the same time, investment in unquoted shares of a company that is not a subsidiary has to be limited to 10% of net worth.
Loan and investment companies are, however, allowed to invest up to 20% of their net
Our articles continue...
|
worth in unquoted shares. Current guidelines require asset finance companies to ensure that 60% of their loans go to lease and hire-purchase of machinery, the remaining 40% is used by finance companies to fund the real estate sector. If a finance company acquires land or property or unquoted shares in exchange of its bad loans, these assets have to be disposed off by the NBFC within three years. Finance companies and Residuary Non-Banking Finance Companies (RNBFCs) with total assets of Rs 100 crore and above, according to the previous audited balance sheet, will have to submit a monthly return on their exposure to capital market within seven days of the expiry of the month to RBI. Sahara and Peerless are the two largest RNBFCs with a combined deposit base of Rs 8,000 crore. The two companies will now have to report their investments on a monthly basis to RBI as against quarterly reporting earlier. The new mandate bars finance companies that have defaulted on public deposits from extending any loan or making any investment or create any other asset as long as the default exists. From now on, the off-balance sheet exposure of a non-banking finance company will be reckoned as a direct exposure for the purpose of exposure limits. In January, RBI had permitted NBFCs to diversify into new businesses. It said that NBFCs would selectively be allowed to issue co-branded credit cards with banks. At the same time, they were allowed to market and distribute mutual fund (MF) products as agents of mutual funds. To know more about indiarealestate visit indiarealestatewiki.com
Here are some more estate planning articles...
The Boom: Real Estate And Lending
By Robert Do Williams
The current worldwide boom in residential real estate prices is "the biggest bubble in history," according to a disturbing new report in the Economist magazine. In spite of the scams, rising prices Read more...
|
Real-estate-investors-get-off-the-sideline-and-get-into-the-game-in-a--slow--market--all-for-fun-and
By Dale-Rogers
For months now many Realtors have been pacing the floor wondering where their next sale was coming from. The bad news drips off the front pages reporting for all to see how bad the real estate market Read more...
|
A Roadmap For Commercial Real Estate Syndications, Part 2
By Craig Higdon
HOW TO DO YOUR OWN SYNDICATIONS, Part 2Last week I covered the first ten steps to creating your own investment groups for commercial real estate acquisitions. I was able to take the process Read more...
|
Little Known Commercial Loan Puts Cash In Your Hand For Any Reason Fast And Easy
By Naomi Monk
Owning a commercial building such as an apartment complex, office building, retail center, business owner-occupied building and the like is a great investment that appreciates over time and can Read more...
|
| elder law and estate planning news: |
Nationally Recognized Resource for Non-Profit Housing and Credit...
Non-profit ClearPoint Credit Counseling Solutions launches local counseling and financial education services in the San Diego area. (PRWeb February 07, 2012) Read the full story at http://www.prweb.com/releases/San_Diego/Credit_Counseling/prweb9164747.htm ]]>Leading Supply Chain Finance Solutions Provider Achieves Significant...
Growing Interest in Supply Chain Finance Results in Prominent Customer Acquisitions for PrimeRevenue(PRWeb February 07, 2012) Read the full story at http://www.prweb.com/releases/2012/2/prweb9167435.htm ]]>Board of Directors Pay Relatively Flat Compared to Last Year
Even as the economy shows signs of recovery, pay for the Board of Directors was relatively flat compared to last year according to a study published by Total Compensation Solutions (TCS). This...(PRWeb February 07, 2012) Read the full story at http://www.prweb.com/releases/2012/2/prweb9170212.htm ]]>Investing in Love Has Great Returns When This Valentine's...
"This Valentine?s Day, give her a gift that is truly one in a million. If every gift you had ever bought her in the past was appreciating in value the way Pink Diamonds are, you would be much...(PRWeb February 07, 2012) Read the full story at http://www.prweb.com/releases/ValentinesDay/PinkDiamonds/prweb9170899.htm ]]>New Documents Filed by Blumenthal, Nordrehaug & Bhowmik in Lawsuit...
New Documents Filed by Blumenthal, Nordrehaug & Bhowmik in Lawsuit Allege MGM Tricked Investors into Purchasing Units in the MGM Signature Suites By Stating in Purchase Documents the Investment...(PRWeb February 07, 2012) Read the full story at http://www.prweb.com/releases/2012/2/prweb9171105.htm ]]>Avalara Announces Strategic Partnership with Americaneagle.com
Avalara's sales tax SaaS now integrates with Americaneagle.com?s idev® E-commerce Platform to simplify the indirect tax management process for its customers.(PRWeb February 07, 2012) Read the full story at http://www.prweb.com/releases/2012/2/prweb9171209.htm ]]>
|
Strategies used to direct property to the proper beneficiaries, to minimize tax liability and other costs, and to arrange for property management in the event of physical or mental disability.
|
|
