Chhattisgarh HC: Father Must Provide Maintenance and Marriage Expenses to Unmarried Adult Daughter  ||  Delhi HC Rules That ‘Hermès’ and the 3D Shape of its ‘Birkin’ Bag are Well-Known Trademarks in India  ||  Kerala HC: Arrest is Illegal if Accused isn’t Produced in 24 Hours and Rearrest From Prison is Barred  ||  Supreme Court: Treating Every Sour Relationship as Rape Undermines the Seriousness of the Offence  ||  Supreme Court: Section 7 IBC Application Cannot be Rejected for Curable Defects in Affidavit  ||  NCLT Kochi: Sec 7 Insolvency Cannot be Filed Against Guarantor Without First Enforcing the Guarantee  ||  Patna High Court: Mere Two-And-A-Half-Year Incarceration is Not Sufficient for Bail under UAPA  ||  Bombay HC: Insolvency Cannot be Used to Evade a Family Court’s Maintenance Order  ||  Kerala HC: Forklifts and Factory Cranes Are Motor Vehicles and Must be Registered under MV Act  ||  Guj HC: Edible Crude Palm Kernel Oil Qualifies for Duty Exemption; End-Use Condition not Applicable    

RBI prescribes format for SAC to be submitted by NBFCs- (Reserve Bank of India) (23 Jun 2016)

MANU/DNBS/0007/2016

Banking

The Reserve Bank of India introduced a uniform format for the statutory auditor certificate. Non-Banking Financial Corporations will need to fill out the information in COSMOS, from where the SAC will be uploaded.

All NBFCs are required to submit annually a certificate from their statutory auditors to the effect that they are continuing to engage in NBFI business under Section 45-IA of the Reserve Bank of India Act.

Tags : STATUTORY AUDITOR   CERTIFICATE   NBFI  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved