Supreme Court: Banks Cannot Invoke IBC Against Debtors For Builder-Linked Loans  ||  Supreme Court: Non-Disclosure of Failed Candidates’ Marks Does Not Imply They Passed Exams  ||  Supreme Court: Murder Accused Cannot Inherit Property of the Person Allegedly Killed  ||  Supreme Court: Delay in Deposit Does Not Automatically Cancel Contracts under Specific Relief Act  ||  SC: Railways is Treated as a Consumer under the Electricity Act, Not a Distribution Licensee  ||  Bom HC: Genuine Residents Cannot be Denied Relief Due to Aadhaar Deactivation or Biometric Mismatch  ||  Punjab & Haryana High Court: Raid on Rajinder Gupta’s Factory Soon After He Joined BJP From AAP  ||  Madhya Pradesh HC: Delay Can Be Condoned under Limitation Act Where Statute Has No Express Bar  ||  Cal HC Upholds PILs on Great Nicobar Project, Noting Alleged FRA Violations and Tribal Vulnerability  ||  Calcutta HC: Vodafone Idea Must Obtain Copyright Society Licence to Use Songs as Caller Tunes    

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 2026 - All Rights Reserved