SREI NCD default case explained Non convertible debentures (NCD) are considered one of the most safe and fixed income source by most of the investors. But I believe things are not that secured or safe, this was recently seen in case of NCD issued by SREI Group (SREI Equipment Finance Ltd. and SREI infrastructure Finance Ltd.). These were issued around year 2017/18 and most of the investors were middle income group and too the with the age group of retired people. These retired people or pensioners are dependent on the fixed income ( in form of interest ). The ratings which are considered as indicator of good debtor / issuer changed overnight, people were puzzled not to see their interest installment. And then there was news in the market that the SREI may fail to pay interest and even principal. Then people found out that promoters messed up the management of company and SREI group is facing liquidity crisis. The big players (Banks who loaned money to SREI companies) reached RBI and a

If you are a freelancer and scratching your head for the compliance required, this can be useful for you. Freelance in legal terms: So, as a freelancer you can operate as self (individual) or a proprietor ship firm. I recommend to go for a sole proprietorship firm and open a current business account with bank. Opening a sole proprietorship entity gives your freelance business a recognition for long term. What do I need to open a sole proprietorship firm ? You should have a PAN (income tax purpose) in your self name. MSME registration certificate Business registration in state you are operating. And GST registration in case you are planning to go beyond the eligible limit for GST reg. Any 2 documents above enable you to open bank current account. Need above services, contact us. Do I need to open a sole proprietorship firm for platform like 'Upwork', 'Freelancer' etc ? No, you do not need to register a proprietorship for these platforms on date of writing this article.