Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
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The Central Government specifies the New Development Bank as a public financial institution for the purposes of section 2(11)(ii) of the Companies Act, 2013. The notification covers the bank established under the 15 July 2014 Fortaleza agreement among Brazil, Russia, India, China and South Africa, including its Annexe, and extends to any amendment to that agreement. The operative effect is that the New Development Bank is brought within the statutory category of public financial institution for the purposes of the said provision.
The Central Government specifies the New Development Bank as a public financial institution for the purposes of section 2(11)(ii) of the Companies Act, 2013. The notification covers the bank established under the 15 July 2014 Fortaleza agreement among Brazil, Russia, India, China and South Africa, including its Annexe, and extends to any amendment to that agreement. The operative effect is that the New Development Bank is brought within the statutory category of public financial institution for the purposes of the said provision.
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