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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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        Case ID :

        Regulation of Bank Subsidiaries.

        March 30, 2012

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        Press Information Bureau

        Government of India

        Ministry of Finance

        30-March-2012 17:23 IST

        Regulation of Bank Subsidiaries

        The Government has introduced the Banking Laws (Amendment) Bill, 2011 in the Lok Sabha on 22nd March, 2011. The Bill inter-alia, also seeks to empower the Reserve Bank of India (RBI) to cause inspection of any associate enterprise of a banking company and its books of accounts by one or more of its officers or employees or other persons.

        This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the Lok Sabha today.

        SS/SL

        Inspection power over bank associates expanded: RBI authorised to inspect associate enterprises and their accounts under amendment. The Banking Laws (Amendment) Bill, 2011 authorises the Reserve Bank of India to cause inspection of any associate enterprise of a banking company and its books of accounts by one or more of its officers, employees or other persons appointed for that purpose, thereby extending supervisory reach to entities linked to banks.
                          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.

                                Inspection power over bank associates expanded: RBI authorised to inspect associate enterprises and their accounts under amendment.

                                The Banking Laws (Amendment) Bill, 2011 authorises the Reserve Bank of India to cause inspection of any associate enterprise of a banking company and its books of accounts by one or more of its officers, employees or other persons appointed for that purpose, thereby extending supervisory reach to entities linked to banks.





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                                ActsIncome Tax
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