Web18 Nov 2024 · Provisions of Sections 45-IA, 45-IB and 45-IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to a non-banking financial company which is a Housing … WebThe notification specifies that Nonbanking Financial companies as defined under RBI Act 1934, that have assets more than or equal to 100 crores, will be treated as Financial Institutions under SARFAESI Act and be entitled to enforce a security interest in secured debts that are of Rs.50 Lakhs or more. The notification can be accessed below ...
CoR issued to P C Financial Services has cancelled by RBI - adda247
Web13 Apr 2024 · 73. Application under sections 71(9), 71(10), section 73{4) or section 74(2) and,76(2)-(1)Where a company fails to redeem the debentures or repay the deposits or any part thereof or any interest thereon, an application under sub-section (10) of section 71 or under sub-section (4) of section 73 of the Act or section 45QA of the Reserve Bank of … Web3 Dec 2024 · Reserve Bank of India (RBI) superseded the Board of Directors of Reliance Capital Ltd (RCL), a Non-Banking Financial Company (NBFC), by exercising its power conferred under Section 45-IE (1) of the RBI Act, 1934. RCL is promoted by Anil Dhirubhai Ambani’s Reliance Group. In this regard, the apex bank has appointed Nageswar Rao Y (Ex … tmt type 4c
Section 45-M of RBI Act 1934 : "Duty of non-banking institutions to ...
Web1 day ago · Both the companies will not transact the business of an NBFC s defined in clause (a) of Section 45-I of the RBI Act. Following exit from the non-banking finance business, nine NBFCs surrendered their certificate of registration to RBI. It includes six companies from West Bengal, two from Telangana and one from Karnataka. ... WebRBI ACT 1934. Section 45 N - Inspection. Section 45NA - Deposits not to be solicited by unauthorised persons. Section 45 NB - Disclosure of information. Section 45 NC - Power … Web21 Aug 2024 · Expanding the scope of the offence of Money Laundering. Section 3 contains provisions relating to “offence of money laundering”. An Explanation was inserted to Sec. 3 to the following effect: ‘‘Explanation.—For the removal of doubts, it is hereby clarified that,—. (i) a person shall be guilty of offence of money-laundering if such ... tmt urology abbreviation