Supreme Court: Compassionate Appointees Cannot Later Claim Entitlement to a Higher Post || NCLAT New Delhi: Insolvency Pleas Cannot Be Admitted When Information Utility Records Show a Dispute || NCLAT: Issuing Cheques For Another Entity’s Liabilities Does not Constitute Operational Debt || NCLAT: SEBI Penalties Imposed After Liquidation Begins are Not Admissible as Claims || NCLT Reiterates That an Auction Purchaser is Not Liable For a Corporate Debtor’s Electricity Dues || Delhi HC Upholds Interim Injunction Against 'Power Flex' in Bata’s Trademark Infringement Case || Calcutta High Court: Mere Presence of Alcohol in Post-Mortem Cannot Bar Compensation to Heirs || Kerala High Court: Review Petition Cannot Be Entertained Against an Order Refusing Arbitration || J&K High Court: Umadevi Judgment Does not Justify Perpetual Temporary Employment || SC: Public Premises Act Prevails over State Rent Laws For Evicting Unauthorised Occupants

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 :