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Def.
Lex-O-Pedia
What Are a Borrower's Rights When an NBFC or Digital Lender Recalls a Loan?
A loan-recall notice from a fintech NBFC is not self-executing. It must comply with the RBI Fair Practices Code, the Digital Lending Directions 2025 and the loan agreement itself. A map of the borrower's rights, defences and remedies.
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Def.
Lex-O-Pedia
Does a Company That Trades Only Its Own Capital Need to Register as an NBFC?
A private company trading purely on its shareholders' capital, with no public deposits and no customers, is not forced to register as an NBFC merely because its paid-up capital crosses Rs 10 crore. The determinant is the 50-50 principal business test.
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Def.
Lex-O-Pedia
What Are the Tax Consequences of Settling a Loan by Transferring Unlisted Shares?
Settling an NBFC loan by transferring unlisted shares at fair market value triggers capital gains for the borrower under Sections 45, 48 and 50CA, and possible deemed income for the lender under Section 56(2)(x). How the provisions interact, and where double taxation arises.
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