Supreme Court: Banks Cannot Effectively Blacklist Lawyers by Placing Them on Caution Lists || Madras HC: Advocates Can't Seek Out-of-Turn Case Listing Through Writ Petitions || J&K&L HC: Vehicle Can't Remain in Police Custody During NDPS Trial over Possible Confiscation || J&K&L HC: Prolonged Stagnation in Small Cadres Does Not Grant Right to Promotion || Delhi HC Rejects Bail Plea of Athar Khan in Alleged Delhi Riots Conspiracy || Delhi HC Full Bench: School Employee's Suspension Ends if DOE Approval Isn't Given in 15 Days || Allahabad HC: Mere Note of Failed Conciliation Not Sufficient for Lok Adalat Proceedings || Delhi HC: Govt Created 'Utter Chaos' in OBC Reservation Rules Through Conflicting Notifications || Calcutta HC: Acceptance of Rent After Quit Notice Doesn't Waive Tenancy Termination || Delhi HC Flags EFI Selection Criteria Breach in Asian Games Dressage Team, Declines to Interfere

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 :