(1) Where certain members of a company propose, in consultation with the Board of Directors to offer, in accordance with the provisions of any law for the time being in force, whole or part of their holding of shares to the public, they may do so in accordance with such procedure as may be prescribed.

(2) Any document by which the offer of sale to the public is made shall, for all purposes, be deemed to be a prospectus issued by the company and all laws and rules made thereunder as to the contents of the prospectus and as to liability in respect of mis-statements in and omission from prospectus or otherwise relating to prospectus shall apply as if this is a prospectus issued by the company.

(3) The members, whether individuals or bodies corporate or both, whose shares are proposed to be offered to the public, shall collectively authorise the company, whose shares are offered for sale to the public, to take all actions in respect of offer of sale for and on their behalf and they shall reimburse the company all expenses incurred by it on this matter.


[Effective from 1st April, 2014 except sub-section (9), sub-section (9) effective from 15th December, 2016]


(1) Where it is proved to the satisfaction of the [Central Government] that a person or an association of persons proposed to be registered under this Act as a limited company


(a) Has in its objects the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object;


(b) Intends to apply its profits, if any, or other income in promoting its objects; and


(c) intends to prohibit the payment of any dividend to its members,


the [Central Government] may, by licence issued in such manner as may be prescribed, and on such conditions as it deems fit, allow that person or association of persons to be registered as a limited company under this section without the addition to its name of the word “Limited”, or as the case may be, the words “Private Limited”, and thereupon the Registrar shall, on application, in the prescribed form, register such person or association of persons as a company under this section.


(2) The company registered under this section shall enjoy all the privileges and be subject to all the obligations of limited companies.


(3) A firm may be a member of the company registered under this section.


(4) (i) A company registered under this section shall not alter the provisions of its memorandum or articles except with the previous approval of the [Central Government].


(ii) A company registered under this section may convert itself into company of any other kind only after complying with such conditions as may be prescribed.


(5) Where it is proved to the satisfaction of the [Central Government] that a limited company registered under this Act or under any previous company law has been formed with any of the objects specified in clause (a) of sub-section (1) and with the restrictions and prohibitions as mentioned respectively in clauses (b) and (c) of that sub-section, it may, by licence, allow the company to be registered under this section subject to such conditions as the [Central Government] deems fit and to change its name by omitting the word “Limited”, or as the case may be, the words “Private Limited” from its name and thereupon the Registrar shall, on application, in the prescribed form, register such company under this section and all the provisions of this section shall apply to that company.


(6) [The Central Government] may, by order, revoke the licence granted to a company registered under this section if the company contravenes any of the requirements of this section or any of the conditions subject to which a licence is issued or the affairs of the company are conducted fraudulently or in a manner violate of the objects of the company or prejudicial to public interest, and without prejudice to any other action against the company under this Act, direct the company to convert its status and change its name to add the word “Limited” or the words “Private Limited”, as the case may be, to its name and thereupon the Registrar shall, without prejudice to any action that may be taken under sub-section (7), on application, in the prescribed form, register the company accordingly:


Provided that no such order shall be made unless the company is given a reasonable opportunity of being heard:


Provided further that a copy of every such order shall be given to the Registrar.


(7) Where a licence is revoked under sub-section (6), the Central Government may, by order, if it is satisfied that it is essential in the public interest, direct that the company be wound up under this Act or amalgamated with another company registered under this section:


Provided that no such order shall be made unless the company is given a reasonable opportunity of being heard.


(8) Where a licence is revoked under sub-section (6) and where the Central Government is satisfied that it is essential in the public interest that the company registered under this section should be amalgamated with another company registered under this section and having similar objects, then, notwithstanding anything to the contrary contained in this Act, the Central Government may, by order, provide for such amalgamation to form a single company with such constitution, properties, powers, rights, interest, authorities and privileges and with such liabilities, duties and obligations as may be specified in the order.


(9) If on the winding up or dissolution of a company registered under this section, there remains, after the satisfaction of its debts and liabilities, any asset, they may be transferred to another company registered under this section and having similar objects, subject to such conditions as the Tribunal may impose, or may be sold and proceeds thereof credited to [Insolvency and Bankruptcy Fund formed under section 224 of the Insolvency and Bankruptcy Code, 2016].


(10) A company registered under this section shall amalgamate only with another company registered under this section and having similar objects.


(11) If a company makes any default in complying with any of the requirements laid down in this section, the company shall, without prejudice to any other action under the provisions of this section, be punishable with fine which shall not be less than ten lakh rupees but which may extend to one crore rupees and the directors and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to three years or with fine which shall not be less than twenty-five thousand rupees but which may extend to twenty-five lakh rupees, or with both:


Provided that when it is proved that the affairs of the company were conducted fraudulently, every officer in default shall be liable for action under section 447.

Nidhi Company Software Bangalore, Nidhi Company Registration

Nidhi Company Banking Software Bangalore is a online web based software built especially for Nidhi Company with automatic posting of business data to accounts module. Websoftex Nidhi Banking is a .NET based centralized database online software for Nidhi Software with core banking operations such Fixed Deposit, Recurring Deposits, Daily Deposit Schemes, Loan to Customers, Monthly Income Schemes, Dividend declarations, Saving A/c, Current A/c, FD A/c, RD A/c, DDS A/c, Management of Cheque book, Passbook and Bond. Websoftex Nidhi Company Banking Software handles all kind of Loan operations, Printing Loan Ledger, Automatic Interest Calculations.


Websoftex has been working in software development since last seven years. In that period we have design lot of websites & software, “Nidhi Company Software” is one of them. Before developed that our experts research on that in very deep and understood the concept also. After more research on that we started the work to develop the “Nidhi Company Software” software. Our team thought that lot of limitation in window base like core banking, real time updating is not available etc., so we decided to develop that application on Web.




In exercise of the powers conferred under sub-section (1) of section 406 read with sub-sections (1) and (2) of 469 of the Companies Act, 2013, the Central Government hereby makes the following rules, namely:-

  1. These Rules may be called Nidhi Rules, 2013.
  2. They shall come into force on the date of their publication in the Official Gazette.
  3. These rules shall apply to:

(a) Every company which had been declared as a Nidhi or Mutual Benefit Society under sub-section (1) of section 620A of the Companies Act, 1956.


(b) Every company functioning on the lines of a Nidhi company or Mutual Benefit Society but has either not applied for or has applied for and is awaiting notification to be a Nidhi or Mutual Benefit Society under sub-section (1) of section 620A of the Companies Act, 1956.


(c) Every company incorporated as a Nidhi pursuant to the provisions of section 406 of the Act (hereinafter referred to as Nidhi).


  1. 4. in these rules:-

(i) “Act” means the Companies Act, 2013.


(ii) “Doubtful Asset” means a borrowal account which has remained a non-performing asset for more than two years but less than three years.


(iii) “Financial year” means financial year as defined in sub-section (41) of section 2 of the Act.


(iv) “Loss Asset” means a borrowal account which has remained a non-performing asset for more than three years or where in the opinion of the Board, a shortfall in the recovery of the loan account is expected because the documents executed may become invalid if subjected to legal process or for any other reason.


(v) “Member” means a member as defined in sub-section (55) of section 2 of the Act.


(vi) “Net Owned Funds” means the aggregate of paid up equity capital and free reserves as reduced by accumulated losses and intangible assets appearing in the last audited balance sheet:

Provided that:

(a) A reserve shall be considered as a “free reserve” if it is available for distribution as dividend.


(b) The amount representing the proceeds of issue of preference shares shall not be included for calculating Net Owned Funds.


(vii) “Non-Performing Asset” means a borrowal account in respect of which interest income and/or installment of loan towards repayment of principal amount has remained unrealised for 12 months.


(viii) “Standard Asset” means the asset in respect of which no default in repayment of principal or payment of interest has occurred or is perceived and which has not shown signs of any problem relating to repayment of principal sum or interest nor does it carry more than normal risk attached to the business.


(ix) “Sub-Standard Asset” means a borrowal account which is a non performing asset:

Provided that reschedulement or renegotiation or rephasement of the loan instalment or interest payment would not change the classification of an asset unless the borrowal account has satisfactorily performed for at least twelve months after such reschedulement or renegotiation or rephasement.


“Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and which complies with such rules as are prescribed by the Central Government for regulation of such class of companies.[Section 406]


According to Rule 4 of Nidhi Rules, 2014; a Nidhi Company shall be a public company and must have a minimum paid up equity share capital of five lakh rupees. The Nidhi Company shall have only one object in its memorandum that is of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit. Every Company incorporated as a “Nidhi” shall have the last words ‘Nidhi Limited’ as part of its name.


Rule 5 say, every Nidhi shall, within a period of one year from the commencement of these rules, ensure that it has:


(a) Not less than two hundred members.


(b) Net Owned Funds of ten lakh rupees or more.


(c) Unencumbered Term Deposits of not less than ten per cent of the outstanding deposits.


(d) Ratio of Net Owned Funds to deposits of not more than 1:20.

The process of incorporation of a Nidhi company is same as of incorporation of a public company limited by


 Loans & Directors

 Relevant rules in the Nidhi Rules, 2014 as under:-


  • A Nidhi shall provide loans only to its members.
  • For the purposes of sub-rule (2), the amount of deposits shall be calculated on the basis of the last audited annual financial statements.
  • A Nidhi shall give loans to its members only against the following securities, namely:-
    • Gold, Silver and Jewellery
    • Immovable Property
    • Fixed Deposit receipts, National Savings Certificates, other Government Securities and
    • Insurance Policies


  • The Director shall be a member of Nidhi.
  • The Director of a Nidhi shall hold office for a term up to ten consecutive years on the Board of Nidhi.
  • The Director shall be eligible for re-appointment only after the expiration of two years of ceasing to be a Director.
  • The person to be appointed as a Director shall comply with the requirements of subsection (4) of section 152 of the Act and shall not have been disqualified from appointment as provided in section 164 of the Act.


Branches of Nidhi Companies


A Nidhi Company has to satisfy certain criteria as provided by MCA to open branches which are as


  • Nidhi Company may open up to three branches within a revenue district if it has earned a profit for last three continuous years;
  • Nidhi Company may open beyond three branches outside the revenue district subject to above condition and prior permission of MCA; and
  • Nidhi Company can’t open branches or collection centres or offices or deposit centres, by whatever name called, outside the state of its Registered Office.


Non-Permissible activities for Nidhi Companies


Pursuant to Notifications GSR 555 (E) dated July 26, 2011 and GSR 308 (E) dated April 30, 2002, MCA directed Nidhi Companies to not carry out certain activities such as:-

(i) Carrying on the business of chit fund, hire purchase finance, leasing finance, insurance or acquisition of shares or debentures issued by any body corporate except the shares of another Nidhi Company, if specifically permitted by MCA;

(ii) Opening any new current account with its members;

(iii) Admitting as member, any body corporate or trust;

(iv) Issuing any equity share of nominal value less than rupees 10/- except in case of Nidhi Companies incorporated on and after July 26, 2001:

(v) Levying service charge for issue of shares to members;

(vi) Making any preferential allotment of shares to any persons or group of persons but shall make only rights issue of shares and the unsubscribed portion can be apportioned by the Board of Directors in terms of Section 81 of the Companies Act, 1956;

Provided that this restriction shall not apply to allotment of shares up to the face value of

Rs.100/- to new deposit holders or borrowers and in respect of qualification shares held by Directors.


(vii) Acquiring another company by purchase of shares or control of composition of Board of Directors otherwise than through amalgamation or merger under the Act and subject to the regulations applicable to Nidhi Companies in force;

(viii) Carrying on any business other than the business of borrowing or lending in its own name and allow use of its name by any other body corporate whose main object is to earn profit by borrowing and lending;

(ix) Entering into any financial dealing with any person other than its members;

(x) Pledging any type of security lodged with it by its members;

(xi) Taking further deposits from or lends further money to any body corporate;

(xii) Entering into any partnership arrangement in its borrowing or lending activities;

(xiii) Issuing or causing issuance of any advertisement in any form for soliciting deposit. However, Private circulation of the details of fixed deposit schemes among the members shall not be considered to be “advertisement” inviting deposits;

(xiv) Paying any brokerage or incentive for mobilizing deposits from members or for deployment of funds or for granting loans;

(xv) Issuing prepaid interest warrant; and

(xvi) Entering into any arrangement for the change of its management without a special resolution passed in its general meeting and approval of MCA.

Self Help Groups, Self-help Group (Finance), SHG Financial Statement, SHG Financial Services, S H G Financial, SHG Members, SHG Financial System, Self Help Group Meetings, SHG Credit Report

Self-Help Group (SHG)


A self-help group (SHG) is a village-based financial intermediary committee usually composed of 10–20 local women or men. A mixed group is generally not preferred. Most self-help groups are located in India, though SHGs can be found in other countries, especially in South Asia and Southeast Asia.


Members make small regular savings contributions over a few months until there is enough capital in the group to begin lending. Funds may then be lent back to the members or to others in the village for any purpose. In India, many SHGs are ‘linked’ to banks for the delivery of micro-credit.



Web Technology:

Microsoft .Net 4.0 (Front End), MS SQL Server 2008 (Back End)

Multiple state creation option:

Create multiple states with respective branches.

Can create multiple branch users:

Multiple branch users can be created and provide required rights to manage branch.

Can create multiple agents and customers:

‘Multiple’ number of agents can work. This is already tested with entries.

User Friendly Software:

Our software is very easy to use, preferred professional employees are not required to use our software.

Huge Data Security:

Important code is managed for high level encryption. Our Project works under secured architecture.

Verification Process:

Verification process we have provided third party login like CIBIL, CPA, Address.

Automatic process:

Automatically Interest Calculation happens for Loans.


Accounting process:

Transaction entry will automatically make effect on Accounting.


Advantages of financing through SHGs


An economically poor individual gains strength as part of a group.


Besides, financing through SHGs reduces transaction costs for both lenders and borrowers.


Where successful, SHGs have significantly empowered poor people, especially women, in rural areas.


While lenders have to handle only a single SHG account instead of a large number of small-sized individual accounts, borrowers as part of an SHG cut down expenses on travel (to and from the branch and other places) for completing paper work and on the loss of workdays in canvassing for loans.


Self-help groups Software Feature Highlight


  • Admin can set the user rights depending upon the priority.
  • Branch user can create ‘N’ number of customers.
  • Agent can check his total collection report from agent panel.
  • Document management – changing required documents, upload, and pendency list.
  • Customer Duplication checks.
  • Customer Panel provides the customer to upload the documents for further loan process and they can find the loan process and verification of uploaded document status from the customer panel.
  • CPA Verification login page where to verify customers Banking details and Business Document.
  • Installment Frequency like (Daily/Weekly/bi- Weekly /Monthly/Quarterly/Yearly.
  • Loan process till disbursement covers the entire flow like Address verification, CIBIL verification, CPA verification, Aadhaar verification.
  • MIS reports to check customer’s ledger report, list of letters, cp report, interest certificate etc.
  • Integrated to financial accounting.
  • Easy cash, Cheque and transfer payment collection.
  • Software can be used for creating multiple branches. Common interface for all branches is available. Reports are centralized for all branches.
  • In our software collector collection process is through mobile with online and offline Method with approve option in admin/branch panel.
  • Interest calculation process with flat, floating, and fixed type.
  • Send quarterly or monthly report to RBI.
  • Bank reconciling /disbursement reconciling if payment is done through cheque.
  • Web based ERP with Multi-Location Branch.
  • Insurance Tracking.
  • Aadhaar Card Automatic integration.
  • Generating Loan disbursement text file according to bank format.
  • Application form and agreement document print option according to loan application.
  • Multiple loan/ re loan can create for same customer.
  • Pending Document Tracking (PDD).
  • Channel partner business is covered in all aspects. And separately maintaining accounting is not required. Hence fully fledged accounting system is implemented.
  • Separate customer id details for both applicant and co-applicant (just single customer id represents whole information of customer).

Daily Collection Software, Productivity Software, Mobile Application, Daily Collection APPs, Daily Collection Productivity, Free Daily Collection

Daily Collection Software


Websoftex Daily Collection Software Provides advanced services of all types. Pigmy Banking is adopted and offered by several other banks and is being introduced overseas. Pigmy banking has an interesting history and has demonstrated to be a great success for many people. It is said that “A day or evening is not complete without the visit of these Pigmy collectors on the premises of a trader or the depositor”. Daily Collection Software is outcome of a blend of innovative ideas and experiences of both accomplished software engineers and sincere hardworking users.


Daily Collection Solution for Productivity Software


Productivity software (sometimes called personal productivity software or office productivity software) is application software dedicated to producing information, such as documents, presentations, worksheets, databases, charts, graphs, digital paintings, electronic music and digital video. Its names arose from the fact that it increases productivity, especially of individual office workers, from typists to knowledge workers, although its scope is now wider than that. Office suites, which brought word processing, spreadsheet, and relational database programs to the desktop in the 1980s, are the core example of productivity software.


They revolutionized the office with the magnitude of the productivity increase they brought as compared with the pre-1980s office environments of typewriters, paper filing, and handwritten lists and ledgers. Some 78% of “middle-skill” occupations (those that call for more than a high school diploma but less than a bachelor’s degree) now require the use of productivity software. In the 2010s, productivity software has become even more consumerized than it already was, as computing becomes ever more integrated into daily personal life.


Daily Collection Solution for Mobile Application


Websoftex Daily Collection Software Pigmy collection has been one of the routine monetary functions of many banks & other financial organizations. We are introducing a mobile pigmy collection system for managing the data of pigmy receipts. It is user friendly software which is easy to use & saves time involved in the process of collecting the pigmy & depositing the collected amount in the bank.


Our reputed organization is one of the reputed organization holds in offering a superior quality Pigmy Collection. This Pigmy Collection is good demand in the market due to high quality and durability. These products are available in market at reasonable rates.


Daily Collection Solution for Enterprise Software


Enterprise software, also known as enterprise application software (EAS), is computer software used to satisfy the needs of an organization rather than individual users. Such organizations would include businesses, schools, interest-based user groups, clubs, charities, or governments. Enterprise software is an integral part of a (computer-based) information system.


Services provided by enterprise software are typically business-oriented tools such as online shopping and online payment processing, interactive product catalogue, automated billing systems, security, enterprise content management, IT service management, customer relationship management, enterprise resource planning, business intelligence, project management, collaboration, human resource management, manufacturing, occupational health and safety, enterprise application integration, and enterprise forms automation.


Daily Collection Solution for Chit Fund Company


Websoftex Software’s is a Bangalore based Company providing the best software solutions for Daily collection software. We strongly believe that Technology plays a major role in today’s business environment.

Many companies greatly rely on computers and software to provide accurate information to effectively manage their business. It is becoming increasingly necessary for all businesses to incorporate information technology solutions to operate successfully.


Daily Collection Solution for NBFC Company


Websoftex Software is a Bangalore based Company providing the best software solutions for pigmy collection softwareNBFC software is a simplified form of banking software. It has almost every functionality like banking software.


 In fact an NBFC company doesn’t lend money to people and thus NBFC software doesn’t offer any such feature. So, after vast research we have developed one of the best NBFC software that is highly able to fulfill all the needs of any NBFC company.


Daily Collection Solution for Co-Operative Bank


Websoftex Software is a LAN Based Software with Pigmy Machine; SMS Connectivity Specially Designed for Small Co-Operative Banks Which has all the features and up to date Reports as Per RBI Norms.


This Package is successfully running. Co-operative banks will enable to offer various Deposit and Loan products such as Savings, Current, Fixed Term, NRE, Recurring Deposits and Business, Education, Gold, Home, Mortgage and Personal Loans.

The solution will also customize and provide new modules

  1. Pigmy Deposit
  2. Money at call and short notice deposit
  3. Highly customized solution for Loans for cooperative Banks
  4. Automatic down gradation & up gradation of Non-Performing Assets
  5. Highly customized Share Module for urban cooperative bank

Daily Collection Solution for Micro Finance


Websoftex Software Pigmy Collection Solution is designed as to reduce the manual work in financial sector and saves the time of financial sector as well as employees or customers. We have designed this software after complete requirement gathering and understanding the scenario of the application. We provide complete customer support as to handle every kind of customer query.


Daily Collection Solution for Business Software


Business software or business application is any software or set of computer programs that are used by business users to perform various business functions. These business applications are used to increase productivity, to measure productivity and to perform business functions accurately.


By and large, business software is likely to be developed specifically for a business and therefore is not easily transferable to a different commercial enterprise, unless its nature and operation is identical. This is due to the unique requirements of each business that off-the-shelf software in unlikely to completely address. However, where an on-the-shelf solution is necessary, due to time or monetary considerations, some level of customization is likely to be required. Exceptions do exist, depending on the business in question, and thorough research is always required before committing to bespoke or off-the-shelf.


Daily Collection Solution for Energy Management Software


Energy Management Software (EMS) is a general term and category referring to a variety of energy-related software applications which may provide utility bill tracking, real-time metering, building HVAC and lighting control systems, building simulation and modeling, carbon and sustainability reporting, IT equipment management, demand response, and/or energy audits. Managing energy can require a system of systems approach.


Energy management software often provides tools for reducing energy costs and consumption for buildings or communities. EMS collects energy data and uses it for three main purposes: Reporting, Monitoring and Engagement. Reporting may include verification of energy data, benchmarking, and setting high-level energy use reduction targets. Monitoring may include trend analysis and tracking energy consumption to identify cost-saving opportunities.


Engagement can mean real-time responses (automated or manual), or the initiation of a dialogue between occupants and building managers to promote energy conservation. One engagement method that has recently gained popularity is the real-time energy consumption display available in web applications or an onsite energy dashboard/display.


Daily Collection Solution for Open-Source Software


Open-source software (OSS) is computer software with its source code made available with a license in which the copyright holder provides the rights to study, change, and distribute the software to anyone and for any purpose. Open-source software may be developed in a collaborative public manner. According to scientists who studied it, open-source software is a prominent example of open collaboration.


The open-source software development, or collaborative development from multiple independent sources, generates an increasingly more diverse scope of design perspective than any one company is capable of developing and sustaining long term. A 2008 report by the Standish Group states that adoption of open-source software models has resulted in savings of about $60 billion per year to consumers.


Daily Collection Solution for Diabetes Management Software


Diabetes Management Software refers to software tools that run on personal computers and personal digital assistants to help persons with Type 1 and Type 2 diabetes manage the data associated with:

  • Blood test results from a glucose meter
  • Diabetes logbooks
  • Basal and bolus settings for an insulin pump
  • Records of actual insulin delivery
  • Records of carbohydrates eaten and bloused to cover
  • Statistical evaluation
  • Manual log entries for exercise and other factors
  • Coaching of dose corrections
  • Prediction of future blood sugars, etc.


Daily Collection Solution for Reconciliation (Accounting)


In accounting, Reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.


Reconciliation is used to ensure that the money leaving an account matches the actual money spent. This is done by making sure the balances match at the end of a particular accounting period.


Daily Collection Solution for Oracle Applications

Oracle Applications comprise the applications software or business software of the Oracle Corporation. The term refers to the non-database and non-middleware parts.


Oracle sells many functional modules which use the Oracle RDBMS as a back-end, notably Oracle Financials, Oracle HRMS, Oracle SCM, Oracle Projects, Oracle CRM and Oracle Procurement.


Oracle initially launched its application suite with financials software in the late 1980s. The offering as of 2009 extends to supply-chain management, human-resource management, warehouse-management, customer-relationship management, call-center services, product-lifecycle management, and many other areas. Both in-house expansion and the acquisition of other companies have vastly expanded Oracle’s application software business.


Daily Collection Solution for Agile Software Development


Agile software development describes a set of principles for software development under which requirements and solutions evolve through the collaborative effort of self-organizing cross-functional teams.


It advocates adaptive planning, evolutionary development, early delivery, and continuous improvement, and it encourages rapid and flexible response to change. These principles support the definition and continuing evolution of many software development methods.


Daily Collection Solution for Collection Manager


A collection manager ensures the proper care and preservation of objects within cultural institutions such as museums, libraries, and archives. Collection managers, along with registrars, curators, and conservators, play an important role in collections care.

Collection Managers and Registrars are two distinct collection roles that are often combined into one within small to mid-size cultural institutions.


Collection Managers can be found in large museums and those with a history and natural history focus whose diverse collections require experienced assessment to properly sort, catalog, and store artifacts. A collection manager may oversee the registrar, archivist, curator, photographer, or other collection professionals, and may assume the responsibilities of these roles in their absence within an organization.



1          Differences between collection managers and registrars

2          Responsibilities and duties

3          Knowledge, abilities, and skills

4          Education and training (experience)

5          Professional organizations

6          Related positions

7          See also

8          References

9          Further reading

10         External links

Real Estate Industry in India, Real Estate Companies, Real Estate Meaning, Estate Master

Websoftex Software Solutions Pvt. Ltd. has a powerful web publishing system that generates the real estate listings for your website. Your customers will find it easy to locate a property on your website. You will find it easy to maintain. Jade handles everything, from image processing to search scripts and synchronized uploading. The data and images in the database are used to generate:

A Directory of Categorized Listings.
A Property Search Engine.
Property Details Pages.

A simple default design provides you with a starting point for your own customized listings. See the basic listings example. Purchase today… Is up and running today! 


Websoftex Real Estate Software Feature Highlight


  • Multi-user Online web based with Multi Branch core Real Estate RD FD application.
  • Extremely Functional and user friendly with user drivers operation.
  • Attractive and well said reports format.
  • Report export facility to various useful formats such as MS Word. MS excels. Customized and user defined reports
  • Ace reports can be viewed on the screen and can be printed on printer.
  • Membership Management, Operational Accounts, Term Deposits.
  • Loans and Advances, Standing Instructions, Cash Transaction.
  • Day book and Trial Balance, General Ledger & Financial Statements.
  • I.S, Initialization and configuration.
  • System Administration, Enrollment Fee Report
  • Application Fee Report, Late Fee Report
  • State of the art technology has been used.
  • Modular design with proper integration to ensure trouble-free operations without undue complications.
  • Optimum security of operations which is very essential for financial transactions.
  • Comprehensiveness in coverage – a feature absolutely necessary to meet all requirements.
  • User-friendliness which ensures hassle free usage.
  • High flexibility with expandability and upgradability. The software can be used by all societies and can be easily upgraded /expanded to cover more activities whenever required.
  • Control over operations with in-built checks and balances, authorization procedures, etc.
  • Elimination of scope for tampering of data.
  • The system is designed to work for network environment to access the information & update the data by different users simultaneously.
  • The software is capable of handling huge volumes of transactions without any difficulty.

Principles of Microfinance, Microfinance means


  1. The poor need a variety of financial services: The Bank will support demand-driven microfinance interventions that develop and provide financial services.


  1. Microfinance is a powerful instrument against poverty: The Bank will ensure that its operations support initiatives that increase the access of people in RMCs who are presently excluded from accessing quality financial services.


  1. Microfinance means building financial systems that serve the poor: The Bank will support its RMCs to build such systems.


  1. Financial sustainability is necessary to reach significant numbers of poor people: The Bank will support initiatives that help suitable intermediaries achieve financial self-sufficiency.


  1. Microfinance is about building permanent local financial institutions: Dependence on concessional funding from such agencies as the Bank will only be temporary and diminish over time. The support of microfinance by the Bank will be contingent on intermediaries that are progressing toward, if they have not already attained, financial self-sufficiency.


  1. Microcredit is not the only answer: In supporting microfinance in it’s the RMCs, the Bank will consistently establish that any resources applied to target groups and identified as credit will be extended through a viable institutional intermediary with a clear means of repayment at market rates of interest.


  1. Interest rate ceilings debilitate the ability of all, but especially the poor, to access financial services: The Bank will support the ability of all RMC financial intermediaries to charge market rates of interest on loans. The Bank will further support the elimination of interest rate ceilings and the creation of more operational efficiencies to reduce MFI costs, thereby allowing them to reduce the rates of interest charged on loans.


  1. Governments are to act as enablers, not as direct providers of financial services: The Bank will support RMC governments in defining the elements of the enabling environment necessary to mainstream microfinance into the formal financial sector. At the same time, the Bank will discourage RMC governments from directly funding people targeted by MFIs.


  1. Funding agencies should complement, not compete with, private-sector capital: The Bank will provide selective support for initiatives with the objective of building inclusive financial systems. The Bank will, however, require a defined exit strategy at the outset of such support.


  1. The absence of institutional and human resource capacity is the key constraint: The Bank will support building the institutional capacity of financial intermediaries to provide financial services in demand among people who do not have access to formal financial services.


  1. Transparency in financial and outreach matters is important: Bank support to microfinance in the

RMCs will help ensure transparency at all levels and by all institutions.

types of micro credit providers and provision of Micro Credit?

What role does a Non-Governmental Organisation (NGO) play in provision of Micro Credit?

A Non-Governmental Organisation (NGO) is a voluntary organization established to undertake social Intermediation like organizing SHGs of micro entrepreneurs and entrusting them to banks for credit linkage or financial intermediation like borrowing bulk funds from banks for on-lending to SHGs.

How many types of micro credit providers are there in India and what is the present legal framework governing them ?

The position is as under:

Categories of Providers Legal Framework governing their activities
(a) Domestic Commercial Banks:
Public Sector Banks;
Private Sector Banks &
Local Area Banks

(i) RBI Act 1934/
(ii) BR Act 1949
(iii) SBI Act
(iv) SBI Subsidiaries Act
(v)Acquisition & Transfer of Undertakings Act 1970 & 1980

(b) Regional Rural Banks i. RRB Act 1976
ii. RBI Act 1934
iii. BR Act 1949

(c) Co-operative Banks i. Co-operative Societies Act
ii. BR Act 1949 (AACS)
iii. RBI Act 1934 (for sch. banks)

(d) Co-operative Societies (i) State legislation like MACS

(e) Registered NBFCs (i) RBI Act 1934
(ii) Companies Act 1956

(f) Unregistered NBFCs (i) NBFCs carrying on the business of a FI prior to the
coming into force of RBI Amendment Act 1997 whose
application for CoR has not yet been rejected by the Bank
(ii) Sec. 25 of Companies Act

(g) Other providers like Societies, Trusts, etc. (i) Societies Registration Act ’60
(ii) Indian Trusts Act
(iii) Chapter IIIC of RBI Act ’34
(iv) State Moneylenders Act

What is Micro Credit ?

Micro Credit is defined as provision of thrift, credit and other financial services and products of very small amount to the poor in rural, semi-urban and urban areas for enabling them to raise their income levels and improve living standards. Micro Credit Institutions are those which provide these facilities.