SC Cancels Chhota Rajan's Bail in 2001 Jaya Shetty Murder Case || NCLAT: Workmen Can Claim Dues Post-Layoff If They Worked After Corporate Debtor's Notice Issuance || NCLAT: Debt Can be Proved Through Any Documentary Evidence, No Written Contract Needed. || Madras HC: Railway Authorities Can't Deboard Valid-Ticket Passengers Heading to Protest || Delhi HC: Women’s Entry into Army Corps Can’t be Restricted; Vacant Male Posts Must be Open to Women || Delhi HC: Pressuring Husband to Cut Ties With His Family Amounts to Cruelty; Ground For Divorce || Bombay HC: Magistrate Need Not Pass Preliminary Order U/S 145 CrOC If HC or SC Directs Inquiry || Delhi HC Allows Woman to Terminate 22-Week Pregnancy from False Promise of Marriage || Supreme Court: Reasons Omitted In an Order May be Considered In Specific Circumstances || SC: Execution of Arbitral Award Cannot be Stalled Just Because Section 37 Appeal is Pending

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 :