Web17 hours ago · As per section 45-I(c) read with section 45-I(f) of RBI Act, 1934, NBFC means: a financial institution which is a company; ... As per RBI Press Release No. 99/1269 dated 8 April 1999, in order to identify a particular company as a NBFC, both the assets and the income pattern as evidenced from the last audited balance sheet of the company needs ... WebProhibition of Trading (Section 8): According to Section 8 of the Banking Regulation Act, a bank can’t straightforwardly or in a roundabout way manage trading or bargaining of …
Reserve Bank of India Act, 1934 - Bare Acts - Live
Web3 Jan 2024 · New Delhi: In the judgment upholding the Narendra Modi government’s November 2016 decision to ban Rs 500 and Rs 1,000 currency notes by a 4:1 majority, the … Web12 Apr 2024 · This discrepancy was accepted by the assessee and offered for taxation as business income in the return of income. However, the AO held hat access stock found was undisclosed investment within the meaning of section 69, and therefore taxes have to be levied at higher rate under the provision of section 115BBE of the Act.. In the first appeal, … hiusten hellimisviikko 2022
An Overview of Adjudication under PMLA - Enterslice
WebSection 28A of RBI Act 1934 : "Issue of special bank notes and special one rupee notes in certain cases" (1) For the purpose of controlling the circulation of bank notes without India, the Bank may, notwithstanding anything contained in any other provision of this Act, issue bank notes of such design, form and material as may be approved under ... Web31 Oct 2024 · (2) Subject to any such directions, the general superintendence and direction of the affairs and business of the Bank shall be entrusted to a Central Board of Directors … Web2 Jun 2024 · Section 8: The composition of central board of Reserve Bank of India Section 17: The business that RBI can carry out Section 20: Obligation of the Bank to transact … hiusten hellimisviikko syksy 2022