Central government authority to decide applicability of deposit rules, subject to consultation with the Reserve Bank of India. The Central Government is empowered to decide questions regarding the applicability of the Companies (Acceptance of Deposits) Rules, 2014 to a particular ... Summary
Central government authority to decide applicability of deposit rules, subject to consultation with the Reserve Bank of India.
The Central Government is empowered to decide questions regarding the applicability of the Companies (Acceptance of Deposits) Rules, 2014 to a particular company, and must do so in consultation with the banking regulator, creating a mandatory consultation mechanism for such determinations.
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