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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        FEMA & RBI

        Names of Applicants for New Bank Licences in the Private Sector

        September 7, 2013

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        The Reserve Bank of India has communicated two changes in the names of applicants for new bank licences in the private sector. One applicant, viz., Value Industries Limited, Aurangabad has withdrawn its application and another applicant, viz., K. C. Land & Finance Ltd., Chandigarh whose application was received at the Reserve Bank, Central Office, Mumbai on July 1, 2013 but was inadvertently not included in the list of applicants for new bank licences in the private sector, is now being included in the list. The Reserve Bank of India had, on July 1, 2013 placed on its website a list of 26 applicants for new bank licences in the private sector through a Press Release.

        Alpana Killawala

        Principal Chief General Manager

        Bank licence applicant list update: one application withdrawn and an inadvertently omitted applicant now included in the published roster. The Reserve Bank corrected the published list of private sector bank licence applicants by noting that one applicant withdrew its application and that another applicant, previously received but inadvertently omitted, is now included, thereby updating the public roster of applicants.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Bank licence applicant list update: one application withdrawn and an inadvertently omitted applicant now included in the published roster.

                                The Reserve Bank corrected the published list of private sector bank licence applicants by noting that one applicant withdrew its application and that another applicant, previously received but inadvertently omitted, is now included, thereby updating the public roster of applicants.


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