J&K&L HC: Matrimonial Remedies May Overlap, But Cruelty Claims Cannot be Selectively Invoked || Delhi High Court: Customs Officials Acting Officially Cannot be Cross-Examined as of Right || J&K&L HC: Second Arbitral Reference is Maintainable if Award is Set Aside Without Deciding Merits || J&K&L HC: Gold Voluntarily Given to Customer is 'Entrustment'; Theft Excluded from Insurance Cover || Delhi HC: Working Mothers Cannot be Forced to Bear Full Childcare Burden While Fathers Evade Duty || J&K&L HC: Arbitral Tribunal Not a “Court”; Giving False Evidence Before it Doesn’t Attract S.195 CrPC || Calcutta HC: Award May Be Set Aside if Tribunal Rewrites Contract or Ignores Key Clauses || Delhi HC Suspends Kuldeep Singh Sengar’s Life Term, Holding Section 5(C) of POCSO Not Made Out || Calcutta High Court: Arbitration Clause in an Expired Lease Cannot be Invoked For a Fresh Lease || Delhi High Court: 120-Day Timeline under Section 132B Of Income Tax Act is Not Mandatory

Registering NBFCs to become simpler- (Reserve Bank of India) (17 Jun 2016)

Banking

The Reserve Bank of India resolved to simplify and rationalise the process of registration of new Non-Banking Financial Companies.

It announced that down from an earlier 45 documents to be submitted, 8 documents will suffice - though the Bank may call for additional documents as it deems fit.

The process has been bifurcated depending on whether the NBFC seeks to harness public funds and has or intends to have a customer interface. NBFCs avoiding contact with the public will be able to avail of the ‘fast track mode’, and be subject to less intensive scrutiny.

Tags : NBFC REGISTRATION SIMPLIFIED PROCESS PUBLIC FUNDS

Share :