NCLAT: Cannot Withhold Income Tax Refund Received by Bank During CIRP In CD's Account  ||  All. HC: With S. 111 of BNS Covering 'Organised Crime' It Appears Gangsters Act has become Redundant  ||  P&H HC: Cannot Allow Changes in Admission Form after Submission  ||  Bom. HC: Findings in Criminal Proceedings Cannot Be Relied Upon While Adjudicating Civil Proceedings  ||  P&H HC Directs Jail Authorities to Decide Parole Applications within Four Months  ||  Allahabad HC: Merely Supporting Pakistan Will Not Prima Facie Attract Section 152 of BNS  ||  HP HC Upholds Wife’s Claim of Adverse Possession after Husband’s Death  ||  Patna HC: Maintenance may be Allowed in Disputed Marriages if Relationship Was Socially Accepted  ||  Karnataka HC: State to Respond in 3 Weeks regarding Mandatory Teaching of Kannada  ||  Delhi HC: Husband Unhappy in Marriage is No Proof of Abetment of Suicide    

RBI grants ‘in-principle’ approval to three applicants for setting up TReDS- (Reserve Bank of India) (24 Nov 2015)

MANU/RPRL/0213/2015

Banking

The Reserve Bank of India has granted ‘in-principle’ approval to NSE Strategic Investment Corporation, Axis Bank and Mynd Solutions to set up and operate the Trade Receivables Discounting System. The RBI had released Guidelines for setting up and operating TReDS in 3 December, 2014, with the aim of increasing the flow of funds to the Micro, Small and Medium Enterprises.

Tags : TRADE RECEIVABLES   MSME   APPLICANTS   APPROVAL  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved