Regulatory amendment defining lenders clarifies eligible lending institutions and removes scheme reference and a sub regulation from ICDR rules. The amendment revises regulation 158 of the Issue of Capital and Disclosure Requirements Regulations, 2018 by removing the word 'scheme' from sub regulation (6), inserting an explanation defining 'lenders' to mean all scheduled commercial banks (excluding Regional Rural Banks) and All India Financial Institutions, and omitting sub regulation (7); the Regulations take effect on publication in the Official Gazette.
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Regulatory amendment defining lenders clarifies eligible lending institutions and removes scheme reference and a sub regulation from ICDR rules.
The amendment revises regulation 158 of the Issue of Capital and Disclosure Requirements Regulations, 2018 by removing the word "scheme" from sub regulation (6), inserting an explanation defining "lenders" to mean all scheduled commercial banks (excluding Regional Rural Banks) and All India Financial Institutions, and omitting sub regulation (7); the Regulations take effect on publication in the Official Gazette.
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