{"id":2526,"date":"2024-01-05T06:01:40","date_gmt":"2024-01-05T06:01:40","guid":{"rendered":"https:\/\/www.purvajafin.impressacademy.in\/?p=2526"},"modified":"2024-02-10T11:20:32","modified_gmt":"2024-02-10T11:20:32","slug":"policy-on-resource-planning","status":"publish","type":"post","link":"https:\/\/purvajafin.com\/purvajastaging\/policy\/policy-on-resource-planning\/","title":{"rendered":"Policy on Resource Planning"},"content":{"rendered":"\t\t
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Policy on Resource Planning<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Purvaja Investments Pvt Ltd is a Non-Deposit taking Non Banking Financial institution operating under a Certificate of Registration from the Reserve Bank of India.<\/span><\/p>

Its operations are spread across the country. Regulatory requirements Reserve Bank of India vide its Circular No. DNBS(PD) CC No.349 \/03.10.001\/2013-14 advised that NBFCs shall put in place before the close of business on September 30,2013, a Board approved policy for resource planning which inter-alia, should cover the planning horizon and the periodicity of private Placement. <\/span><\/p>

The policy of the company on resource planning will also cover the objectives of the above regulatory requirement.<\/span><\/p>

  1. Policy for resource Planning. Long term objective. The long term broad targets of the company for resource mobilization shall be in the following ratio<\/span><\/li>
  2. Banks\/Institutional funding: 20%<\/span><\/li>
  3. By the issue of NCD: 40%<\/span><\/li>
  4. By the issue of Debt instruments: 40%<\/span><\/li><\/ol>

    \u00a0<\/p>

    At the end of each financial year this shall be reviewed and the progress shall be reported. The total resources shall be mobilized from a diversified group of sources so that no single lender shall have an exposure of more than 15% of the overall funding. Planning for short term and long term resources The resource planning of the company shall be based on its Asset Liability Matching (ALM) requirement Broadly the planning horizon shall be of following two categories;<\/span><\/p>

    1. \u00a0Long Term Resources and<\/li>
    2. Short term resources.<\/span><\/li><\/ol>

      \u00a0<\/p>

      A. Policy on raising long term resources.<\/span><\/p>

      1. Tenure Considering the fact that the company\u2019s business is mainly of lending against gold and the period of the loan is upto 12 months only any resource that could be raised with a maturity profile of more than 12 months can be classified as a long term resource. The proportion of the long term and short term resources for the company shall be fixed from time to time by the Committee based on the business plans for each year and the ALM pattern to be maintained by the company. <\/span><\/p>

      2. Manner of raising long term resources <\/span><\/p>

      2.1 Borrowings from banks and other Financial Institutions. <\/span><\/p>

      The company may plan for raising long term resources from banks and financial institutions. <\/span><\/p>

      2.2 Retained Earnings. The company shall plough back its profits in such proportions based on the maintenance of capital adequacy ratio stipulated by regulations from time to time. <\/span><\/p>

      2.3 Issue of Debt Securities. <\/span><\/p>

      3. The company shall subject to the applicable laws and regulations, issue debt securities depending on its business requirements and the market conditions. The debt securities may be issued in the following manner;<\/span><\/p>

      1. Private placement of Secured Non convertible Debentures( NCDs)<\/span><\/li>
      2. Private placement of un Secured Non convertible Debentures( NCDs)<\/span><\/li><\/ol>

        \u00a0<\/p>

        Private Placement of NCDs <\/span><\/strong><\/p>

        The company may subject to the compliance with the applicable provisions of laws and regulations may issue Secured Redeemable Non convertible Debentures (NCDs\/Bonds) at such intervals by way of private placement to such number of subscribers with minimum subscription amount of Rs.2 lacs or such higher minimum subscription as may be prescribed under any law or regulation in force from time to time to such eligible investors including High Net worth Individuals and Institutions. The timing or periodicity of private placement in this manner may be decided by the the Board based on the market conditions, availability of funds and the business plan of the company and subject to compliance with the statutory\/ regulatory requirements. <\/span><\/p>

        Issue of Subordinated Debt instruments. <\/span><\/strong><\/p>

        The Company may for meeting its ALM requirements issue Un Secured Subordinated Debt instruments which are not classified as deposits under the applicable directions of the Reserve Bank of India with a maturity period exceeding 5 years from the date of allotment. This instrument may be issued to such class or category of investors as the Financial Resources and Management Committee of the Board decides from time to time. <\/span><\/p>

        The ideal mix of resources for the company and the resource mobilization program for each financial year shall be decided in advance and shall be properly defined in the business plan for each year. The mix of resources shall be mobilized in accordance with the above policy. <\/span><\/p>

        Amendment to the policy. The policy may be amended from time to time by the Board of Directors <\/span><\/p>

        Applicability<\/strong> <\/span><\/p>

        The policy shall be effective from the date notified by the Board of Directors<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

        Policy on Resource Planning Purvaja Investments Pvt Ltd is a Non-Deposit taking Non Banking Financial institution operating under a Certificate of Registration from the Reserve Bank of India. Its operations are spread across the country. Regulatory requirements Reserve Bank of India vide its Circular No. DNBS(PD) CC No.349 \/03.10.001\/2013-14 advised that NBFCs shall put in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-2526","post","type-post","status-publish","format-standard","hentry","category-policy"],"_links":{"self":[{"href":"https:\/\/purvajafin.com\/purvajastaging\/wp-json\/wp\/v2\/posts\/2526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/purvajafin.com\/purvajastaging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/purvajafin.com\/purvajastaging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/purvajafin.com\/purvajastaging\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/purvajafin.com\/purvajastaging\/wp-json\/wp\/v2\/comments?post=2526"}],"version-history":[{"count":0,"href":"https:\/\/purvajafin.com\/purvajastaging\/wp-json\/wp\/v2\/posts\/2526\/revisions"}],"wp:attachment":[{"href":"https:\/\/purvajafin.com\/purvajastaging\/wp-json\/wp\/v2\/media?parent=2526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/purvajafin.com\/purvajastaging\/wp-json\/wp\/v2\/categories?post=2526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/purvajafin.com\/purvajastaging\/wp-json\/wp\/v2\/tags?post=2526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}