Related-party interest limitation expands to include notified non-banking financial companies under section 94B, changing applicability. Amendment expands the interest limitation in section 94B to include "such class of non-banking financial companies as may be notified by the Central ... Summary
Related-party interest limitation expands to include notified non-banking financial companies under section 94B, changing applicability.
Amendment expands the interest limitation in section 94B to include "such class of non-banking financial companies as may be notified by the Central Government in the Official Gazette in this behalf" and adds a definition of "non-banking financial company" by reference to the Explanation to clause (viia) of section 36(1).
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