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  • The market of vehicle scrapping in India is regulated by Motor Vehicles (Registration and Functions of Vehicle Scrapping Facility) Rules, which were issued in 2021 and amended in 2022. They are meant to lay down the foundation of the establishment of the facilities for scrapping of vehicles particularly issues of environment and safety.

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  • Purchase of one already existing enterprise by another entity is called takeover, hence buying of one already existing entity by another entity is called NBFC takeover in India.

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  • A money lender is someone who lends a small amount of money to someone who is in need of money but with heavy interest rates. Those who don’t have bank accounts, humans with bad credit score histories or people who can't have access to their friends or relatives for money or a loan can approach a money lender. Know more - https://whizseed.com/service/money-lending-license
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  • the Indian Ministry of Environment, Forest, and Climate Change (MoEFCC) has increased the complexity of the import regulation of scrap batteries to improve the handling of such items and adherence to the hazardous waste standards. Know more visit- https://whizseed.com/service/registration-for-scrap-battery-import-moef
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