..........“SmallB’s precondition is that it will offer loans only to those companies that have angel, angel network or VC funding. It works only with Sebi-registered Indian funds,” said a person close to the development, who did not want to be identified. Sebi is the Securities and Exchange Board of India, the capital market regulator. Loans from smallB have to be personally guaranteed by promoters. While it doesn’t have any non-performing assets (NPAs), it has drawn up procedures for contingencies such as the non-payment. This extends to liquidating the assets of the company................
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment